Labor & Employment

Boca Raton, Fla. – Office Depot has formed its executive committee and leadership team.

Alco is developing a strategy to improve profitability and deliver shareholder value, following a growing net loss during the third quarter of fiscal 2014, compared to the same period in the prior year.

Net loss totaled $16.4 million, compared to $1.4 million. Results in the third quarter of fiscal 2014 included a non-cash charge of $9.8 million related to a valuation allowance on the company's cumulative deferred tax asset, and $1.1 million of non-recurring expenses attributable to merger activity.

New York — Cushman & Wakefield Inc. has appointed Edward C. Forst president and CEO, effective January 6, 2014.

Forst, 53, comes to Cushman & Wakefield from Goldman, Sachs & Co. where he served as global co-head of the Investment Management Division, as a member of the firms management committee and previously as the firm’s chief administrative officer.

He has more than 30 years of experience working in international asset management, capital markets and operational leadership.
 

Akron, Ohio -- Jared The Galleria Of Jewelry officially opened its 200th location in Carle Place, N.Y., at the Carle Place Commons Center. The store includes a complementary refreshment area, a children’s play area and a full-service custom jewelry design and repair center, which will custom mount, clean and repair most jewelry.

Hudson’s Bay Company has named Donald Watros, currently the company’s COO, as president of HBC, a newly expanded role. The appointment is effective Feb. 1, 2014.

The move comes as the company restructures its leadership so it can focus on managing and growing HBC’s presence in North America, as well as its expanding portfolio of brands.

Another piece of the leadership puzzle fell into place at Kroger as the company continues to execute a succession strategy backed by the tailwind of 40 consecutive quarter of same store sales growth.

Kroger named Mark Tuffin to the role of SVP of the company’s retail divisions to fill a position previously held by Michael Ellis who was elevated to the role of president and COO last month. Tuffin previously served as president of the company’s Smith’s Food and Drug Stores division.

Cincinnati – Kroger has promoted Mark Tuffin to senior VP of retail divisions. He succeeds Michael Ellis, who will become Kroger's president and COO on Jan. 1, 2014.

Norwalk, Conn. -- GE Capital, Corporate Retail Finance said it is administrative agent on a $250 million senior revolving credit facility for regional sporting goods retailer Dunham’s Athleisure Corp.

The proceeds will support ongoing working capital needs and new store growth.