Skip to main content

Labor & Employment

  • Starboard sends Staples a ‘Dear Ron’ letter

    If Staples fails to merge with Office Depot, activist investor and major Staples shareholder Starboard Value LP is warning the company’s share price will crater and Chairman and CEO Ron Sargent needs to go.

    In a letter to Sargent, Starboard contends a combination with Office Depot, which hasn’t fully integrated with OfficeMax following a late 2013 merger, is the best way to maximize value for Staples' shareholders.

  • Bon-Ton CFO to retire

    York, Pa. -- The Bon-Ton Stores announced that Keith E. Plowman, executive VP and CFO plans to retire in August. His departure will be followed by an 18-month consulting stint.

    The retailer will undertake a national search to find a CFO to succeed Plowman.

  • Activist hedge fund Starboard Value pushes for Staples and Office Depot merger

    New York -- Activist investor Starboard Value LP, which helped put together the merger of OfficeMax and Office Depot, issued a letter on Tuesday calling for Staples Inc. and Office Depot Inc. to merge, saying it would lead to greater savings.

  • Consumer sentiment in January hits 11-year high

    New York -- Consumers are feeling bullish, buoyed by low gas prices and an improving job market. The University of Michigan preliminary consumer sentiment index for January rose to an 11-year high of 98.2, from a final reading of 93.6 for December.

  • Former BN exec named CEO at Kellwood

    Leading apparel manufacturer Kellwood has named ex-Barnes & Noble chief financial officer Joseph Lombardi as CEO.

    Lombardi joined Kellwood as CFO in 2013, and has three decades of retail experience across a variety of sectors, including apparel.

  • Wet Seal files Chapter 11

    Foothill Ranch, Calif. – In a move that was somewhat expected, The Wet Seal Inc. has filed for Chapter 11 bankruptcy. The move comes a week after the struggling teen retailer said it was closing 338 of its stores, leaving it with approximately 173 stores nationwide.

    “After careful consideration, the Board of Directors unanimously concluded that filing for Chapter 11 was the appropriate course of action for the Company,” said CEO Ed Thomas.

  • Home Depot CEO Menear named chairman

    Atlanta – The Home Depot Inc. has named CEO and president Craig Menear as chairman, effective Feb. 2. He will succeed Frank Blake, who will retire as chairman.
     

  • Kellwood names former Barnes& Noble exec as CEO

    New York -- Apparel manufacturer and retailer Kellwood has named Joseph Lombardi, the former CFO of Barnes & Noble, as CEO.

    Lombardi joined Kellwood as CFO in 2013, and has three decades of retail experience across a variety of sectors, including apparel.

X
This ad will auto-close in 10 seconds