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Labor & Employment

  • Buckle shuffles management roster

    Kearney, Neb. – The Buckle Inc. has made a number of reappointments to its executive staff. Kelli D. Molczyk has been appointed to the position of VP of women’s merchandising, Diane L. Applegate has been appointed to the position of VP of supply chain and merchandising operations, and Thomas B. Heacock has been appointed to the position of VP of finance, treasurer, and corporate controller and has been appointed as a member of the company’s executive committee.   

  • Conn’s names interim CFO, reports net loss

    The Woodlands, Texas – Conn’s Inc. has named VP and chief accounting officer Mark Haley as interim CFO in the wake of the departure of former CFO Brian Taylor. The company also reported a net loss of $3.06 million in the third quarter of fiscal 2015, compared to net income of $24.38 million a year earlier, missing Wall Street expectations.  

  • Abercrombie CEO Michael Jeffries out

    New York - In an abrupt move, Michael Jefferies, the longtime and often controversial chief of Abercrombie & Fitch, has retired as CEO and stepped down from the company’s board, effective immediately. His retirement caught the industry by surprise, particularly since it comes in the middle of the crucial holiday selling season.    

  • Saks boosts profits at Hudson’s Bay Co. in Q3

    Higher same store sales and its purchase of Saks Inc. last year helped Hudson’s Bay Co. post a smaller quarterly loss in the third quarter.

    The company had a $13 million net loss and profits of $116 million, both improvements from the same time last year. Same-store sales rose 1.7% in the third quarter.

  • CEO out of fashion at Abercrombie

    Abercrombie & Fitch Co. has turned to a Sears veteran for leadership after longtime and occasionally divisive CEO Michael Jeffries abruptly retired.

    Abercrombie announced it will be run by a newly created Office of the Chairman, which includes former Sears CEO and current non-executive chairman of Abercrombie; COO Jonathan Ramsden; Christos Angelides, who oversees the Abercrombie & Fitch division; and Fran Horowitz, who leads Hollister.

    Martinez retired from Sears in 2000 after serving as chairman and CEO there for five years.

  • Pep Boy’s advances as CEO search continues

    As gas prices decline and American’s drive more, Pep Boy should be in a position to benefit from a resulting demand for automotive maintenance with its unique parts and service model.

  • XtraLight taps lighting vet Ron Gilcrease as VP, national accounts

    Houston, Texas - XtraLight is pleased to announce Ron Gilcrease has joined XtraLight as VP of national accounts.   “We are pleased Mr. Gilcrease has chosen to introduce XtraLight and LEDLinX based fixtures to important national accounts across the U.S.,” said Jerry Caroom, XtraLight’s CEO.  

  • Report: RadioShack denies that it defaulted on loan

    New York - Shack Corp. on Monday denied that it  defaulted on a loan from its term lenders—Salus Capital Partners and Cerberus Capital Management—less than a week after the chain initially disputed the allegations as “wrong and self-serving,” the Wall Street Journal reported.  

  • NRF: Imports will slow in December as holiday rush ends

    Washington, D.C. - Import cargo volume at the nation’s major retail container ports is expected to continue to slow down in December. According to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates, import volume at U.S. ports covered by the Global Port Tracker report is expected to total 1.37 million containers this month as the holiday shipping cycle winds down.   

  • House approves bill to help retailers with remodeling costs

    New York - The House has passed a long-delayed tax bill that will help retailers remodel their stores and also move a wide range of individuals including welfare recipients and veterans into the workforce. The Tax Increase Prevention Act of 2014 now heads to the Senate.   The package includes two key provisions on depreciation that affect retailers who remodel their stores and another that helps with hiring.  
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