Labor & Employment

Taubman Centers named Simon J. Leopold, treasurer and executive VP, capital markets, as CFO, effective Jan. 1.

Leopold will succeed current CFO Lisa A. Payne, who will continue as vice chairman until she leaves the company in March. Payne has been with the shopping center development and management company since 1997. Earlier, she was a vice president of Goldman, Sachs & Co.’s investment banking division.

Kohl’s and Toys"R"Us are among the first retailers to announce their holiday hiring plans this year, and the numbers are more or less the same as last year for both companies.

Toys”R”Us plans to hire 40,000 employees at its stores and distribution centers throughout the country (about 5,000 less than last year). The retailer also plans to allow seasonal workers the opportunity to take on significantly more hours than in previous years, while also continuing to provide extra hours to current employees.

Toys ”R” Us says a planned decrease in promotions led the retailer to report a drop in same-store sales in the second quarter.

The retailer singled out declines in the baby, entertainment and seasonal categories as contributing to the comp drop as well. However new CEO Dave Brandon sounded a positive tone regarding the company’s profit potential.

Wayne, N.J. – Toys “R” Us has put an executive from L’Oreal in charge of its human resources.

The toy giant appointed Tim Grace as executive VP, global chief talent officer, effective Sept. 14.

Grace will oversee all global human resources functions, including organizational design, talent acquisition, succession planning, learning, change management and labor and employee relations, as well as compensation and benefits.

Toys“R”Us has looked to a Loreal veteran to take over its human resources division.

The retailer announced that it has named Tim Grace as executive vice president, global chief talent officer, effective immediately. In this role, the company says Grace will oversee all global human resources functions, including organizational design, talent acquisition, succession planning, learning, change management and labor and employee relations, as well as compensation and benefits. He will report to Dave Brandon, Chairman and CEO, Toys“R”Us, Inc.

Ft. Myers, Fla. – Chico’s FAS Inc. may be considering a sale to one of several private equity suitors.

According to Bloomberg, Chico’s has been approached by Sycamore Partners and is also in talks with other private equity groups about a possible sale.

New York – Front-running Republican presidential contender Donald Trump continued his war of words with Macy’s Inc. during a Sunday morning interview on the CBS program, "Face the Nation."

Trump singled out Macy’s as an example of companies where the CEO places their friends on the board and receives inappropriately high pay.

Chico’s FAS Inc. may be considering a sale to one of several private equity suitors.