Labor & Employment

Incoming Gap Inc. CEO Art Peck announced key members of his global team in conjunction with the release of mixed third quarter results.

Peck is scheduled to replace Gap Inc. CEO Glenn Murphy in February and late Thursday he named new global brand presidents for Gap and Banana Republic.

The Children's Place has announced the appointment of Anurup Pruthi as senior vice president and chief financial officer effective Dec. 1.

New York - Gap Inc.'s incoming CEO, Abe Peck, is wasting no time putting his own stamp on the company, naming new presidents for the Gap and Banana Republic brands. Jeff Kirwan, 48, has been tapped to replace Stephen Sunnucks as global president for  Gap. And Owen, 49, will succeed Jack Calhoun on Jan. 5 as global president for Banana Republic.    

New York - The chief executive of hardware giant True Value is going undercover—on television that is. True Value Company president and CEO John Hartmann will appear in the season premiere of "Undercover Boss," which airs on Dec. 14 on CBS. 

True Value’s boss went undercover, and the cameras were rolling. True Value Company president and CEO John Hartmann will appear in the season six premiere of "Undercover Boss" airing on Dec. 14 on CBS. 

Goodlettsville, Tenn. - Dollar General Corporation isn’t giving up. The deep discounter on Wednesday  affirmed its commitment to the acquisition of rival Family Dollar Stores. Dollar General’s comments followed the news that Family Dollar has delayed its shareholder vote on its $8.5 billion deal to be bought by Dollar Tree Inc. from Dec. 11 to Dec. 23.

Amid an ongoing exploration of strategic alternatives, PetSmart said third quarter sales grew 2.6% thanks to the addition of 36 new stores as same store sales were flat.

Brentwood, Tenn. - Tractor Supply Company plans to build a new distribution center in Casa Grande, Arizona. Located in the Central Arizona Commerce Park, the facility is expected to begin operating in the fourth quarter of 2015 and will be approximately 650,000-sq.-ft., with the potential to create more than 250 local jobs.
Tractor Supply Company's new distribution center will have the potential to service approximately 250 stores in the Southwest region. Currently, the company operates more than 1,360 stores in 49 states across the country.