Labor & Employment

Two retail and consumer product goods veterans are the newest members of Target's board of directors.

New York -- Things are not getting any better at the struggling and cash-poor American Apparel. In fact, it looks like they are getting worse.

In a short form quarterly filing, the retailer said its net loss increased to $19.4 million in the second quarter from $16.2 million in the year-ago period while net sales fell 17% to $134 million. It estimated that, as of June 30, it had only $7 million in cash and $6 million left in its Capital One credit line. (American Apparel’s full quarterly filing will be delayed.)

New York -- Two retail and consumer product goods veterans have joined Target's board of directors.

The company announced Wednesday that its board of directors elected Donald R. Knauss, former executive chairman and former chairman and CEO of the Clorox Company, and Robert L. Edwards, former CEO of Safeway Inc., as new directors, effective immediately.


New York -- GameStop wants its employees to pursue a higher education.

New York -- The brand that ‘Seinfeld’ made famous has tapped a retail vet as CEO.

Soupman announces that Jamieson Karson has joined the company as CEO and chairman. Karson is the former CEO and chairman of Steven Madden.

During his tenure at Steve Madden, Karson is credited with stabilizing the company and expanding the company's footprint into the global retail and wholesale markets. After Steve Madden, he was a partner at Lightship Partners, a retail consulting firm.

Dallas -- SRS Real Estate Partners said that it has named Brad Balbo as senior VP in the company's Phoenix office. Balbo specializes in the leasing, valuation and operations of retail shopping centers, with a focus on the restaurant segment.  

Balbo joins SRS from a boutique firm in Scottsdale, and will focus primarily on landlord and tenant representation and investment sales for SRS.
 

Westmont, Ill. -- Tri-Land Properties said that it has named Paul R. Sevenich as VP of leasing. Sevenich brings 30-plus years’ experience in retail real estate development and redevelopment, acquisitions, retail center positioning, value enhanced leasing, merchandising strategies and financial analysis of the Midwest and the South. Some of the companies he has worked for include CSM Corporation, Kraus-Anderson, CBL & Associates and General Growth.

Amazon.com is planning to make its deliveries to Chicago area customers a lot faster and more efficient with the opening of a new distribution center.

The retailer plans to open a nearly 500,000-square-foot fulfillment center in Joliet, Ill. The site, which will create 1,000 full-time jobs when it opens, is the company’s first in the state.