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Labor & Employment

  • Gordmans joins e-commerce era as performance improves

    It is a case of better late than never at value priced department store retailer Gordmans Stores where the company has the distinction of being one of the last major retailers to sell merchandise on the Internet.

    Omaha, NE-based Gordmans has grown to 101 stores in 22 states and in the company’s second quarter it achieved the somewhat belated milestone of selling online.

  • Foot Locker profits run even higher

    Foot Locker Inc. continues to cash in on the trend toward wearing fashionable active apparel, as the company reported impressive sales and earnings growth in its latest quarter.

    For the second quarter ended Aug. 1, the retailer posted net income of $119 million, or 84 cents per share, compared with net income of $92 million, or 63 cents per share, last year, a 33% increase. Same store sales increased 9.6%. Total sales increased 3.3%, to $1,695 million this year, compared with sales of $1,641 million for the corresponding prior-year period.  

  • Amazon to open yet another distribution center

    Amazon.com is planning to open a fifth fulfillment center in the state of Texas.

    In Texas, Amazon currently employs more than 3,500 full-time associates, has invested more than $400 million in the state and continues to grow its operations to meet customer demand. Amazon’s other Lone Star State fulfillment centers are located in Schertz, Coppell, and Haslet, with a fourth facility under construction in Dallas.

  • Report: Suit accuses Costco of covering up slavery in seafood supply chain

    Issaquah, Wash. — A consumer lawsuit reportedly accuses Costco of knowingly purchasing shrimp from Thai providers that use slave labor and then misleading the public about the practice. According to the Puget Sound Business Journal, a California woman filed the suit in San Francisco federal court.

  • American Eagle soars past Street in Q2

    Pittsburgh – American Eagle Outfitters Inc. flew high in the second quarter of fiscal 2015, surpassing Wall Street expectations for profit and revenue. AEO reported net income of $33.26 million, an almost six-fold increase from $5.81 million in the prior year period.

    The growth pace of cost of sales and expenses was slower than that of sales, helping AEO report such a dramatic rise in profit. Operating income also significantly improved. Total net revenue increased 12% to $797 million from $711 million, aided by an 11% jump in same-store sales.

  • Can the Office Depot deal save Staples?

    Staples says the $6.3 billion deal to buy rival Office Depot is still on track despite the retailer’s deepening sales declines in the second quarter.

  • Too little, too late for Lumber Liquidators?

    Lumber Liquidators has hired a new executive to help it fight off an avalanche of legal troubles that has hammered the flooring retailer.

  • Former Kohl’s CIO takes IT reins at Hudson’s Bay

    Toronto – Despite efforts by her previous employer to block the transition, former Kohl’s CIO Janet Schalk is joining Hudson’s Bay Co. in the same capacity. Schalk initially informed Kohl’s she would be leaving effective July 31 to take the Hudson’s Bay CIO post.

  • CVS enters new dispensing channel with $12.9 billion purchase

    Woonsocket, R.I. – CVS Health Corp. is entering a new pharmacy dispensing channel with the completion of an approximately $12.9 billion acquisition of Omnicare, a provider of pharmacy services to long-term care facilities. CVS initially announced the deal in May 2015.

    CVS expects the deal to significantly expand its ability to dispense prescriptions in assisted living and long term care facilities, as well as expand its presence in the specialty pharmacy business.

  • Kroger creates two new Texas divisions, names execs

    Cincinnati - The Kroger Co.is establishing two new supermarket divisions in Texas -- a Dallas division and a Houston division. Previously, both markets were served as part of Kroger's Southwest division.

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