Labor & Employment

Gymboree increased same store sales and profit in the second quarter, but the kids' retailer still plans to close dozens of stores and sell a distribution center.

New York -- The administration of Gov. Andrew Cuomo approved a wage increase that will gradually raise the minimum wage for fast-food workers in New York to $15 an hour. And now Cuomo wants the hike to be even broader.

Speaking Thursday at a labor rally in New York City, Cuomo proposed a $15 minimum statewide wage for all industries, with the increase to be enacted over time. It would give the Empire State the highest statewide minimum wage in the country. New York’s minimum wage is now $8.75 an hour.

Minneapolis – A “merchandising misstep” took its toll on Christopher & Banks in its second quarter as sales decreased more than expected.

The company posted a net loss of $710,000 in the quarter, compared to earnings of $3.36 million in the year-ago period.

Cincinnati — Kroger on Thursday announced the appointment of four executive VPs to lead key lines of business.

Berkeley, Calif. - Cheryl Hughes has joined Andronico’s Community Markets as CFO. Recently appointed CEO Suzy Monford leads the all-female team.

Hughes formerly held the role of controller for Chemoil, a global oil trading organization. Prior to this role she was CFO at Pacific Convenience & Fuels based in Pleasanton. Her career in food and retail dates back to her 15-year stint as director of U.S. Finance with Circle K Stores Inc.
 

Kroger on Thursday announced the appointment of four EVPs to lead key lines of business.  

The Home Depot's Team Depot is taking on the home lives of U.S. military veterans and their families through a two-month-long campaign called Celebration of Service.

Crocs Inc. has a new interim finance chief after its CFO resigned to take the same position at West Marine.

Jeff Lasher, who joined Crocs in 2009 and was named chief financial officer in 2011, will remain with the company through early November. Lasher plans to join West Marine, Inc. as chief financial officer in November.

Markdowns and the costs of expansion hurt Lululemon profits in the second quarter, but the athleisure retailer did post an impressive jump in same store sales.

Kip Tindell, co-founder, chairman and CEO of The Container Store, has joined a global list of who’s who in retailing.