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Labor & Employment

  • Walmart China focus of Bloomberg expose

    Walmart’s integrity suffered a blow this week in a Bloomberg piece with the inflammatory headline, “How Walmart made its crumbling China business look so good for so long.”

  • Jos. A. Bank weighs on Men's Warehouse profits

    The acquisition of Jos. A. Bank in June weighed heavily on Men’s Warehouse in the third quarter, as the company reported a profit decline of 82% due to expenses related to the integration of the rival clothier’s operations.

  • Grandson of Fairway founder steps down

    Fairway Market announced that Howard Glickberg, whose grandfather took a fruit and vegetable stand in New York and turned it into a 15-store grocery chain, is retiring.

    Glickberg most recently served as vice chair of real estate development for Fairway. He will remain a member of the retailer’s board of directors, Fairway said. He worked with the company for more than 40 years, serving as its CEO until 2011.

  • Walgreens CEO Greg Wasson to retire on completion of merger with Alliance Boots

    DEERFIELD, Ill. - Walgreens president and CEO Greg Wasson informed the company’s board of directors that he will retire shortly after the completion of the merger between Walgreens and Alliance Boots, of which shareholders are scheduled to vote on Dec. 29, 2014.    

  • Walmart promotes chief development officer to COO

    Bentonville, Ark. - Wal-Mart Stores has promoted Judith McKenna to COO for Walmart U.S., effective immediately.  She succeeds Gisel Ruiz, who has been appointed executive VP of Walmart’s International People Division, effective immediately.    McKenna  will continue to report directly to Walmart U.S. president and CEO, Greg Foran. Ruiz will report to Walmart International president and CEO, David Cheesewright. 
  

  • C-suite survey: Healthcare costs, maintaining margins top business concerns in retail

    New York - The cost of healthcare, the ability to maintain margins
 and the ability to continue to grow revenue are the top business challenges in the retail sector. That’s according to GE Capital’s new national survey of c-suite executives at middle-market companies (ranging from $10 million - <$1 billion in sales).  

  • Saks boosts profits at Hudson’s Bay Co. in Q3

    Higher same store sales and its purchase of Saks Inc. last year helped Hudson’s Bay Co. post a smaller quarterly loss in the third quarter.

    The company had a $13 million net loss and profits of $116 million, both improvements from the same time last year. Same-store sales rose 1.7% in the third quarter.

  • Conn’s names interim CFO, reports net loss

    The Woodlands, Texas – Conn’s Inc. has named VP and chief accounting officer Mark Haley as interim CFO in the wake of the departure of former CFO Brian Taylor. The company also reported a net loss of $3.06 million in the third quarter of fiscal 2015, compared to net income of $24.38 million a year earlier, missing Wall Street expectations.  
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