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Labor & Employment

  • Sears appoints new general counsel

    Sears Holdings has named Kristin M. Coleman as SVP, general counsel and corporate secretary. Coleman most recently served as Brunswick Corporation's VP, general counsel and corporate secretary.

  • Report: Lululemon considers going private

    Vancouver – Lululemon Athletica Inc. is reportedly considering going private. According to the Wall Street Journal, advisors to Chip Wilson, founder, director and former CEO and chairman of Lululemon, have been speaking with private equity firms including Leonard Green & Partners about possibly taking the retail chain private, although no specific deal is imminent.
       

  • Jana Partners discloses 9.9% stake in PetSmart; asks retailer to explore options

    New York -- Activist investor Jana Partners LLC disclosed it has acquired a 9.9% stake in PetSmart, according to a regulatory filing, and plans to ask the retailer to explore various options, including a sale. Jana, $10 billion firm hedge firm run by Barry Rosenstein, has a reputation for pushing corporate managements to make changes.

  • Five Below executive VP merchandising leaving

    Philadelphia -- Five Below announced the departure of Jeffrey Moore, executive VP merchandising.

    "Over the last seven years Jeff has been an integral part of the success of Five Below as he has helped build the world-class merchandising team we have in place. We thank Jeff for his significant contributions to the business and we wish him well as he leaves to spend time with his family," said Tom Vellios, co-founder and CEO of Five Below.
       

  • 2014 Summer Outlook: Heat, high winds and hurricanes

    By Kevin Smith, VP of onshore corporate services for ImpactWeather

    According to Forrester Research, weather is the leading cause of business disruptions1. From commodity demands and supply chain interruptions to community assistance, retailers know the power that severe weather has over their economic profits and losses.

  • Report: Rite Aid settles California consumer protection suit

    Camp Hill, Pa. – Rite Aid has reportedly settled a consumer protection suit filed by the district attorneys of San Diego, Riverside and Alameda counties for about $500,000. According to the Associated Press, the suit alleged that Rite Aid pharmacists failed to consult with customers who were filling new prescriptions or changing the doses of existing prescriptions, as required by California state law.

  • Roundy’s closes Minnesota DC, cuts 196 jobs

    Milwaukee – Roundy’s Supermarkets Inc. is closing its distribution center in Stevens Point, Minnesota. The closure, expected to take place by Sept. 30, will eliminate 196 jobs.

  • Hormel Foods makes leadership changes

    As a result of its definitive agreement to acquire CytoSport Holdings, maker of Muscle Milk products, Hormel Foods has promoted three of its executives to leadership roles with CytoSport, based in Benicia, California.

  • Five Below head merchant Moore moves on

    Less than a month after former Walmart.com CEO  Joel Anderson joined Five Below as president, the discount retailer’s EVP of merchandising Jeffrey Moore has resigned.

    Five Below, which bills itself as the leading retailer of trend-right, high-quality, extreme-value merchandise for pre-teens, teens and beyond, spoke highly of Moore who is leaving to spend time with his family.

  • The CFO's Expanding Role

    Chain Store Age recently spoke with Alison Paul, vice chairman, Deloitte LLP and retail and distribution leader, about the expanding role of the CFO in retail organizations:

    How has the role of the CFO in retail organizations changed?

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