Labor & Employment

Quick-serve restaurant chain Chipotle has been hit with a lawsuit in which current and former Chipotle employees claim that the company made them work extra hours "off the clock" without paying them, CNN Money reported.   

Chico’s FAS reported better-than-expected second quarter earnings and announced new cost-saving measures. It also said the president of its namesake brand is stepping down.  

Aeropostale may still live to see another day thanks to a last-minute bid.   In a development that no one saw coming, a consortium of landlords, liquidators and others joined together to make a $243.3 million offer to save 229 Aeropostale stores, Fortune reported. The group includes General Group Properties, Simon Property Group, Gordon Brothers Retail Partners, Hilco Merchant Resources, and Authentic Brands Group.  

Photo: Paul Pressler   The CEO of David's Bridal is out after three years on the job.    The specialty retailer said Pam Wallack has left the company, but gave no reason for her departure, the Associated Press reported. Wallack will be replaced by David’s Bridal chairman and former Gap Inc. head Paul Pressler, who once worked with her at Gap.          

This week, 10,000 current and former Chipotle employees filed a class-action lawsuit claiming back wages, working off the clock and various labor violations. The suit should finally be the wake-up call necessary to get c-suite executives at restaurant, retail, hotel & lodging, convenience stores and other labor-intensive industries to take the issue seriously because the Chipotle case may be the tip of the iceberg.  

Target Corp. is losing its top marketing honcho just months before it enters its most important selling season.   Jeff Jones, executive VP, chief marketing officer at Target, will depart the discounter effective Sept. 9. Jones will be joining Uber as president, ridesharing. He will responsible for Uber’s operations, marketing and customer support globally.   Target is conducting an external and internal search for Jones' replacement.  

Photo: Michael K. Bloom   Fred’s announced it has promoted COO Michael K. Bloom to chief executive, effective Aug. 29.      Bloom succeeds CEO Jerry A. Shore, who became chief executive in October 2014 and intends to retire in February.   

Things are looking bleaker for bankrupt Aeropostale.   A bankruptcy court judge on late Monday rejected a request from Aeropostale to blame its bankruptcy on Sycamore Partners and block an offer from the private equity firm.   Sycamore Partners confirmed it submitted a bid for the chain after the judge issued the opinion. The amount of the bid is unknown, but it may have been $150 million, which is how much Aeropostale owes two affiliates of Sycamore, Aero Investors and MGF Sourcing Holdings.