Labor & Employment

Citing favorable market conditions and a desire to “de-risk” its pension plan, nearly 14,000 participants in J.C. Penney’s retirement plan opted to receive lump sum payments.

Supervalu announced that president and CEO Sam Duncan will retire at the end of the company’s fiscal year. The company also elevated two other executives to key senior leadership roles and affirmed its commitment to exploring strategic alternatives for the Save-A-Lot retail division.

The $18 billion grocery wholesaler and retailer said Duncan would remain with the company until February 29, 2016. He joined the company in February 2013 in connection with the sale by Supervalu of five retail banners to Albertsons.

The importance of expense control at Walmart became evident on Friday when the retailer confirmed it planned to eliminate 450 positions as part of a broader restructuring effort.

Midwestern discounter Meijer is looking to a former store pharmacist who worked his way up in the company to take over the reins as president.

The company announced that Rick Keyes has been appointed as president of the Grand Rapids, Mich.-based retailer. Keyes, who joined the company 26 years ago as a pharmacist in Columbus, Ohio, takes the reigns of the multi-state Midwestern retailer after this week's announcement that J.K. Symancyk is leaving the company to join a Texas-based retailer.

Chico’s is looking to a veteran of Victoria’s Secret to help the company navigate some troubling times. The company announced that Cynthia A. Fields has been appointed to its board of directors, effective immediately. Fields was also appointed to the board's merchant committee.

Peoria, Ill. -- Cullinan Properties announced the addition of Vic Pildes as senior VP of development and anchor leasing. In this role, Pildes will be responsible for development and municipal related activities for new projects, assist in the identification of new acquisition opportunities and lead anchor leasing efforts throughout Cullinan’s portfolio.

Chico’s is looking to a veteran of Victoria’s Secret to help the company navigate some troubling times.

The company announced that Cynthia A. Fields has been appointed to its board of directors, effective immediately. Fields was also appointed to the board's merchant committee.

After a new donation pledge from Publix Super Markets, the international nonprofit Habitat for Humanity will be able to build 40 new houses in 2016 in the Southeast, where Publix serves all of its customers.

The $4 million donation, announced Monday, will go to more than 80 different Habitat for Humanity affiliates in Alabama, Florida, Georgia, North Carolina, South Carolina and Tennessee.

In the two months since the Department of Labor announced its proposed new overtime standards, much has been written about what it may mean for employers big and small.

Hudson's Bay Company (HBC) is launching a wide-ranging cost-cutting initiative and corporate realignment strategy, with omnichannel technology at the center.

The realignment will include a reduction of about 265 corporate employees, expected to result in an annual savings of $75-million a year. The cuts are mostly in the company’s U.S. corporate offices in New York.