Labor & Employment

Supply chain disruptions from the West Coast port labor dispute and tighter underwriting for its in-house consumer credit curbed same-store sales at Conn’s in the first quarter.

Baltimore -- CVS Health officially announced it will rebuild its CVS/pharmacy Baltimore stores that sustained heavy fire damage during protests last week. The stores that will be rebuilt are located at 2509 Pennsylvania Avenue and 2560 West Franklin Street.
 

Seattle -- Online retailer Zulily announced today that Brian Swartz has been appointed senior VP and CFO, effective June 1, 2015.

Swartz brings more than 20 years of operational and financial experience to Zulily. For the last six years, he served as senior VP and CFO of Apollo Education Group, Inc., a private-sector education company. Swartz joined Apollo from EaglePicher Incorporated, a technology and industrial products and services company, where he served as VP and corporate controller.

Flash sale site Zulily is making “significant progress” toward growth, accord to its CEO, and moving ahead with the launch of a redesigned website.

The company reported that revenue in the first quarter ended in March rose nearly 30%, year over year, to $306.6 million, missing consensus for $314 million, yielding EPS of a penny per share.

Seattle -- Nordstrom may well be the first public company to have three presidents as co-presidents. The department store retailer on Tuesday announced that Blake Nordstrom, Pete Nordstrom and Erik Nordstrom have been named co-presidents of Nordstrom.

The new titles are, to a large extent, symbolic. The three executives will retain their current roles and responsibilities and will continue to serve on the Nordstrom board. There will be no change to their annual compensation.

Sam’s Club is celebrating National Small Business Week in a very big way.

The retailer is launching the Small Business Economic Mobility initiative (SBEM), a five-year investment in small business growth through increased access to capital and borrower education, with grants totaling $13.6 million to eight national nonprofits.

Nordstrom may well be the first public company to have three presidents as co-presidents.

Garden Ridge, Texas -- Décor superstore retailer At Home said that Former PetSmart CEO and chairman Phil Francis has been selected as an independent member of the board of directors of décor superstore retailer At Home. The retailer has been acquiring senior leadership talent with public company experience which has some industry experts suggesting a stock offering could be in the company’s future.

By Kevin Hughes, JLL

1. Keep Your Options — And Doors — Open: The Americans with Disabilities Act (ADA) is designed to prohibit discrimination and ensure equal opportunity for people with disabilities. In effect since 1991, it has undergone updates, affecting most commercial real estate in some fashion. In fact, all commercial spaces used by the public – as well as many employee-use areas – are required by law to comply with ADA regulations.

Chicago -- True Value Company, one of the world’s largest hardware cooperatives, announced that Deborah O’Connor will join the company as senior VP and CFO, succeeding current CFO David Shadduck who left True Value effective April 30.