Labor & Employment

New Albany, Ohio – Abercrombie & Fitch Co. posted a wider-than-expected loss and drop in revenue for its first quarter. But the teen apparel retailer, which is in the middle of a brand update to improve its controversial image, sounded a positive note, noting that its comparable sales continued to improve in May and that it expects sales to continue to improve in the second half.

Hudson's Bay Company has appointed a former Toys”R”Us executive and Target veteran as chief of human resources.

Dan Caspersen will be responsible for leading the human resources function across the company, and report directly into the office of the chairman, the company said.

Goodlettsville, Tenn. -- Dollar General Corp. on Thursday named Todd J. Vasos, COO, to the position of chief executive, effective June 3. He has also been elected to the board.

Vasos will succeed Rick Dreiling, chairman and CEO, who had previously announced his retirement plans. Dreiling will remain on the board for the remainder of his term and will serve as senior advisor and chairman of the board through January 29, 2016.

The election of Vasos to Dollar General’s board will bring the total number of directors to nine.

The integration of Zales helped Signet Jewelers turn i a robust financial performance in the first quarter.

The Walmart Foundation is investing in job training efforts in Florida by giving more than $1 million in grants to 21 nonprofits across the state.

"Through these grants, more than 20 deserving nonprofit organizations will be able to continue funding vital local programs across the state,” said Senate President Andy Gardiner. “Thanks to Walmart and the Walmart Foundation for recognizing the impact these programs have on so many lives. We appreciate their continued investment in communities throughout Florida."

Bentonville, Ark. -- Walmart and the attorney for comedian/actor Tracy Morgan have reached a settlement agreement, ending a civil lawsuit related to a crash on the New Jersey Turnpike last June. The terms and conditions of the settlement with Morgan and the other plaintiffs remain confidential.

Chico's FAS Inc. is blaming its first quarter profit decline on restructuring charges and lower sales.

London - Michael Kors Holdings Ltd. has named Marcel Ostwald to the newly created role of senior VP, menswear. Ostwald spent the last 11 years at Hugo Boss, where his most recent title was senior head of creative management and concept design for Boss Sportswear.

Ostwald’s appointment, effective Aug. 1, fills a key role in Michael Kors’ growing menswear business. Ostwald will work closely with Michael Kors and Mark Brashear, president of menswear, in developing the creative brand strategy and product vision for the men’s division.