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Labor & Employment

  • Gordon Brothers in global repositioning

    Gordon Brothers Group has a new name.   The 113 year-old, global advisory, restructuring, and investment firm said that all of its operating units will now be marketing under one name: Gordon Brothers.  

  • Sporting goods retailer makes executive moves

    Big 5 Sporting Goods Corp. is losing a 46-year company veteran.   The retailer announced the retirement of Richard A. Johnson as executive VP. As part of the transition following Johnson’s retirement, Michael P. Marrone is being promoted to senior VP of store operations.      Marrone began his career with Big 5 in 1973 as a store sales associate.  He held numerous leadership roles of increasing responsibility at the company, and was named VP of store operations in 2002.

  • Teen apparel retailer ousts longtime CEO; taps Target exec as head merchant

    Rue 21 announced a series of leadership changes as it looks to reinvigorate its brand.    In a surprise announcement on Saturday, the retailer said it had appointed CFO Keith McDonough as interim CEO, succeeding Bob Fisch, who has served as president and chief executive of Rue 21 since 2001.     

  • Starbucks, South Side of Chicago

  • Dick’s Sporting Goods taps company veteran as CFO

    Dick’s Sporting Goods has a permanent CFO.   The retailer on Monday appointed Lee J. Belitsky as executive VP, CFO, effective immediately.   Belitsky assumes the responsibilities from André Hawaux, Dick’s executive VP, COO, who has served as the financial officer on an interim basis since August 2016. Hawaux will continue to serve as COO.  

  • Bass Pro Shops to acquire rival in $5.5 billion deal

    Bass Pro Shops has agreed to acquire Cabela’s in a deal that will allow the privately held Bass Pro to nearly double its store count.    Bass Pro plans to purchase Cabela’s for about $65.50 a share in cash, which represents a 19% premium over Friday’s closing price. The agreement will create an outdoor retail powerhouse that specializes in fishing, hunting and boating merchandise. Both companies are known for their elaborate, wilderness-themed store interiors.   

  • House votes to delay overtime pay rule

    The House of Representatives has passed a bill that would delay by six months the effective start date of the Department of Labor's (DOL's) new overtime regulations.   The new rule will require employers to pay overtime to salaried workers earning less than $47,500 a year, double the current threshold of $23,660.      Five House Democrats joined 241 Republicans to support moving the rule's effective date from Dec. 1 to June 1.   

  • American Eagle names new executive VP, CFO

    American Eagle continues to strengthen its management team to further drive its growth.   Bob Madore has been appointed executive VP and CFO, starting Oct. 28. In his new role, Madore will oversee all aspects of finance, merchandise planning and allocation, and investor relations. He will report to American Eagle’s CEO Jay Schottenstein.  
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