Skip to main content

Labor & Employment

  • Retail vet Michael Rayden, CEO of tween-brand Justice, to retire in January

    Mahwah, N.J. -- Michael Rayden, president and CEO of Ascena Retail Group’s tween apparel brands Justice and Brothers, and a member of the Ascena board, is retiring at the end of Jan. 2015. Ascena has tapped Herbert Mines Associates to start a global search for a president and CEO of Justice and Brothers.   

  • Great American Group selected as stalking horse bidder for Alco stores

    Los Angeles --Great American Group has been selected as a stalking horse bidder in the potential liquidation of Alco Stores, which operates 198 general merchandise discount stores in 23 states. Great American is a leading provider of asset disposition and auction solutions, advisory and valuation services, capital investment, and real estate advisory services.

  • The Finish Line names Sato president

    Indianapolis -- Samuel M. Sato, formerly president, Finish Line brand, has been named as president, The Finish Line Inc. The board of directors also elected him to the board, filling the Class II director position previously held by Bill Kirkendall.  

  • Crocs shuffles management team

    Niwot, Colo. -- Crocs Inc. is enacting several key management changes, including the appointment of Bob Munroe to general manager of Crocs Americas region; Greg Sullivan to the new role of senior VP of global business transformation; Scott Yuan to general manager of Greater China; and Michelle Poole to senior VP of global product creation and merchandising.  

  • HanesBrands makes tasty board appointment

    Former Snyder’s-Lance CEO David V. Singer is the newest member of the board of directors at apparel manufacturer HanesBrands.

    Singer, 59, joins the 10 member board through the 2015 annual meeting when directors stand for re-election. He will serve on the company’s audit committee.

  • Ascena’s “Tweenovator” to retire

    Michael Rayden, an innovative merchant credited with developing retail concepts that catered to the tween demographic, has announced plans to step down as president and CEO of Ascena’s Justice and Brothers division.

    Rayden will leave the company at the end of January 15 following a lengthy career in the apparel industry. Ascena said it has begun a global search for a successor.

  • Coke accelerates efforts to re-invigorate growth

    The world’s leading beverage company is intensify efforts to generate high single digit earnings per share growth after strategies introduced earlier this year have been slow to take hold and third quarter earnings fell 13%.

    Coca-Cola Company CEO Muhtar Kent unveiled a new slate of actions to reinvigorate growth and cut expenses in conjunction with the release of disappointing third quarter results. Revenues were essentially flat with the prior year at $12 billion during the quarter ended Sept. 26 while earnings per share declined 13% to 48 cents from 53 cents.

  • NRF and others urge quick resolution to labor negotions on West Coast ports

    New York --A group of 104 national, state and local organizations--representing farmers, manufacturers, retailers, transportation providers and others--signed a letter urging the International Longshore and Warehouse Union (ILWU) and Pacific Maritime Association (PMA) “to quickly conclude a new labor agreement...to allay growing concerns of thousands of businesses who rely on West Coast ports for orderly and timely supply chain operations.”

  • Andreessen quits EBay board

    San Jose, Calif. –- Venture capitalist Marc Andreesen is resigning from the EBay Inc. board of directors. Following the board’s recent decision to separate eBay and PayPal into independent, publicly traded companies in the second half of 2015, Andreessen, who joined the board in 2008, said that now is the right time to step down.  

  • Mattress Firm completes Sleep Train acquisition

    Houston –- Mattress Firm Holding Corp. has completed its $245 million acquisition of West Coast bedding specialty retailer The Sleep Train Inc. Sleep Train operates approximately 310 specialty mattress retail stores located in California, Oregon, Washington, Idaho, Nevada and Hawaii, and reported net sales of approximately $471 million for the 2013 fiscal year.  
X
This ad will auto-close in 10 seconds