Labor & Employment

Canton, Mass. -- Big & tall men's apparel retailer Destination XL Group announced that it has increased its existing asset-based revolving line of credit with Bank of America, N.A. by $25 million to $125 million.     In addition, the company entered into a new agreement with Wells Fargo Capital Finance for a $15 million five-year senior secured second lien term loan.  

New York -– Non-recurring items, including charges relating to stock issuance and tax valuation, helped swing Elizabeth Arden Inc. to a net loss of $25.5 million in the first quarter of fiscal 2015, compared to net income of $1.59 million in the same period a year earlier. Declining North American fragrance sales helped reduce net sales 21% to $270.38 million from $343.6 million.  

The Bill Blass brand is in for a breath of fresh air with the arrival of celebrated designer Chris Benz as new creative director.

Reporting directly to Stuart Goldblatt,  Bill Blass’ newly appointed president and CEO,  Benz will be responsible for the overall creative direction of the company.

Benz brings to Bill Blass years of experience in the fashion industry, including designing for Mark Jacobs and J.Crew, as well as his own collection CHRIS BENZ, launched in 2007.

Indianapolis –- Consumer electronics retailer Hhgregg Inc. swung from profit to loss in a generally difficult second quarter of fiscal 2014. Hhgregg reported a net loss of $10.38 million, compared to net income of $3.68 million in the same quarter the prior fiscal year. Net sales dropped 11% to $505.86 million from $568.31 million. Same-store sales declined 11.4%. Growing expenses and declining gross profit helped push the chain into the red.

Specialty retailer Tile Shop announced a senior leadership transition involving long time CEO Robert Rucker and current COO Chris Homeister.

The company said Homeister, a former Best Buy merchant who joined Minneapolis-based Tile Shop a year ago, would be elevated to the role of CEO effective Jan. 1. He replaces current CEO Robert Rucker who founded the company 29 years ago. Rucker will remain with the company on a full time basis until Aug. 1, 2015 as an advisor and board member.

Los Angeles -- PizzaRev, a fast-casual build-your-own pizza concept, is adding five franchise groups to develop the brand throughout Denver, Washington D.C., Las Vegas, Long Island, New York and Columbus, Ohio. PizzaRev plans to open at least 40 franchise locations across the markets.   Beyond its 12 corporate locations in greater Los Angeles, PizzaRev currently operates franchise locations across four states.  

Bridgestone Americas announced that TJ Higgins has been named president of the consumer U.S. and Canada divisions for the company's tire operations, effective Nov. 3. Higgins succeeds Gordon Knapp, who became COO of Bridgestone Americas in March. 

Higgins brings more than 20 years of consumer products marketing and strategic business experience to Bridgestone. He most recently served as the North America regional president for Pfizer Consumer Healthcare and also held leadership roles at Merck and Vlasic throughout his career. 

Salisbury, N.C. -- Meg Ham has been named president of Food Lion effective Nov. 1. She succeeds Beth Newlands Campbell, who is leaving the company for personal and professional reasons.     Ham will lead all Food Lion banner operations, including strategic direction, financial performance, product assortment, pricing, customer service and marketing. She will continue to report to Delhaize America CEO Kevin Holt.