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Labor & Employment

  • Store costs, taxes hit Village Super Market Q4 net income

    Springfield, N.J. – Store closing and pre-opening costs, as well as an unfavorable state tax ruling, reduced net income at Village Super Market Inc. 5% to $5.87 million in the fourth quarter of fiscal 2014, from $6.2 million in the same quarter the prior year. Two new store openings helped boost net sales 5.5% to $383.8 million, from $376.3 million.

    Same-store sales rose 9%. For fiscal 2015, Village Super Market expects same-store sales to range from flat to slightly positive.

  • Bon-Ton Stores to close two locations

    York, Pa. -- The Bon-Ton Stores  announced it will close its Bon-Ton store in the Clearview Mall in Butler, Pennsylvania, and its Elder-Beerman store in the Raleigh Mall in Beckley, West Virginia.

    The company will not renew these leases, which terminate January 31, 2015. The stores will close at the end of the leases.

  • Bon-Ton to exit Clearview and Raleigh malls

    Bon-Ton plans to close its Bon-Ton store in the Clearview Mall in Butler, Pennsylvania, and its Elder-Beerman store in the Raleigh Mall in Beckley, West Virginia. The company will not renew these leases, which terminate Jan. 31, 2015.

    The closings will affect approximately 38 and 39 store employees at the Clearview Mall and Raleigh Mall locations, respectively.

  • Stage Stores enters $350 million credit facility

    Houston - Stage Stores Inc. has entered into an amended and restated $350 million senior secured revolving credit facility that will mature on Oct. 6, 2019. The credit facility replaces the company’s former $250 million senior secured revolving credit facility, which was set to mature on June 30, 2016.

  • Ross Dress for Less opens new Kansas store Oct. 11

    Dublin, Calif. - Ross Dress for Less will open a new store in Kansas on Oct. 11. The store is located in Schulman Crossing in Garden City.  

    This new opening is part of the retailer’s 2014 expansion program, totaling approximately 75 new locations during the year. 

     

  • Wolverine Worldwide appoints SVP of global human resources

    Wolverine Worldwide has appointed Melissa A. Howell SVP of global human resources. Howell will report directly to chairman, CEO and president Blake Krueger.

    Howell has more than 24 years of experience in human resource management with General Motors, one of the world's largest automobile companies, with more than 200,000 employees in more than 150 countries. Howell most recently served as SVP of global human resources and also held numerous other human resource leadership roles during her time with the company.  

  • PepsiCo appoints Tony West EVP, government affairs

    PepsiCo has appointed Tony West EVP of government affairs, general counsel and corporate secretary, effective Nov. 24. He succeeds Larry Thompson, who is retiring after almost a decade of service.

  • HP to split into two public companies

    Palo Alto, Calif. – HP plans to separate into two new publicly traded Fortune 50 companies: one comprising HP’s enterprise technology infrastructure, software and services businesses, which will do business as Hewlett-Packard Enterprise, and one that will comprise HP’s personal systems and printing businesses, which will do business as HP Inc. and retain the current logo.

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