Labor & Employment

Regional supermarket chain Haggen’s acquisition of 146 Albertsons and Safeway stores has been a disaster and the reasons why are detailed in a new lawsuit that heaps blame of the parent company of divested stores.

Toronto – Real estate transactions helped Sears Canada swing to a profit in the second quarter even as revenue and same-store sales decreased.

The retailer on Wednesday reported net earnings of $13.5 million, compared to a net loss of $21.3 million the same quarter a year earlier. The company, which has been working to turn around its business, also announced additional cost-cutting plans and real-estate sales.

Kmart has paid the U.S.

Los Angeles – Forever 21, known for operating some truly large stores, is reportedly rethinking that strategy.

According to the Wall Street Journal, the specialty fast-fashion retailer is also in talks to obtain a $150 million load.

After a monthslong search for a new president and chief executive, the Fresh Market Inc. has turned to a retail veteran to provide leadership at a time when the company's growth has been stagnant. 

The Fresh Market announced that its board of directors has named veteran food retail executive Richard Anicetti as the company’s president and CEO, effective immediately. Anicetti has also been elected to the company’s board of directors.

Washington, D.C. -- The Labor Department is not extending the comment period on the Obama administration’s proposal to expand overtime pay. Its decision drew a no-holds barred response from the nation’s largest retail organization.

Greensboro, N.C. -- The Fresh Market named a veteran food retailer who once led Food Lion as its new president and CEO. The hiring follows the abrupt termination of the chain's former CEO and comes as the once high-flying chain has seen its sales stagnate.

San Jose, Calif. – PayPal Holdings Inc. is combining the management structure for its product and engineering departments.

Hill Ferguson, who served as senior VP of PayPal’s consumer business, has resigned his position.

Ferguson’s role will not be directly replaced. Instead, Bill Ready, senior VP and global head of merchant and next-generation commerce, is also assuming control of the consumer side of operations. This means he will oversee all product and engineering activities.