Labor & Employment

CATOOSA, Okla. — Cherokee Nation Businesses has partnered with commercial real estate developer Woodmont Outlets, an affiliate of The Woodmont Company, to potentially locate a new upscale retail development at Hard Rock Hotel & Casino Tulsa.

CNB has agreed to lease property west of the casino to Woodmont Outlets, which plans to invest $80 million into premium outlet shops to be called “Cherokee Outlets.”
 

Hhgregg has added Robert J. Riesbeck to its executive team as CFO, as part of the retailer’s continued focus on transforming the business.

Riesbeck has more than 25 years of experience in financial and operations management. Most recently, he served as operations executive/group CFO at Sun Capital Partners where he was responsible for financial and operations oversight of a diverse group of portfolio companies with combined revenues exceeding $5 billion.

Montreal, Canada — Dollarama Inc. reported net earnings of $68.9 million in the second quarter of fiscal 2015, up 15% from $59.8 million in the same quarter of the prior fiscal year.

Sales increased 12% to $572.6 million from $511.3 million, and same-store sales climbed 6.2%.

Fort Worth, Texas – RadioShack Corp. on Thursday posted a net loss of $137.2 million in its second quarter, more than double the $52.2 million loss reported in the year-ago period.  It was the troubled retailer’s 10th straight quarterly loss. RadioShack warned in a regulatory filing it may seek bankruptcy protection, with a possible sale or third-party investment as other potential avenues to remedy its ongoing financial woes.

North Bergen, N.J. - Tony Truesdale, who has served as CEO of Vitamin Shoppe Inc. since 2006, has announced his intent to retire on June 27, 2015 to spend more time with his family and his external board work. The board of directors of the Vitamin Shoppe will be commencing a search for a new CEO, which will include both internal and external candidates, who will then implement the next stages of the company's long-term growth plans.

North Plainfield, N.J. — David Reiner has joined retail real estate services firm Levin Management as VP of leasing. Most recently, Reiner served as director of real estate for Body Central Stores Inc.

During the past 25 years, he has also has held executive- and management-level retail leasing positions with property owners such as Urban Retail Properties, Colonial Properties Trust, and Simon Property Group.
 

The Vitamin Shoppe’s CEO Tony Truesdale plans to retire June 27, 2015, to spend more time with his family and his external board work.  

The board will start searching for a new CEO, who will be charged with implementing the next stages of the company's long-term growth plans. It will be considering internal and external candidates.

Seattle — Starbucks Corp. is reportedly considering changing its policy that forbids visible tattoos on baristas. According to CNNMoney, more than 21,000 employees have signed an online petition asking Starbucks to allow baristas in its stores to display visible, non-offensive tattoos.