Labor & Employment

HONG KONG — Esprit Holdings Limited has appointed Jose Manuel Martínez Gutiérrez as its new Group CEO and executive director, effective on or before the end of September.

NAPLES, Fla. — ACI Worldwide, an international provider of payment systems, has named Daniel Frate as EVP global markets and product management.

Frate most recently served as EVP and head of products and pricing at PNC Bank. Building on ACI's product leadership position, Frate will be charged with delivering customer satisfaction through tight alignment of product roadmaps with market needs. He will be based out of the company's Naples, Florida headquarters.

BENTONVILLE, Ark. — Wal-Mart Stores Inc. will adjust its future financial reports to add more detail on legal proceedings and cyber security after U.S. regulators asked the retailer to better explain certain matters in its latest quarterly and annual filings, Reuters reported.
  
Wal-Mart's correspondence with the U.S. Securities and Exchange Commission took place in June and July and was made public on Monday.

BENTONVILLE, Ark. — The Walmart Foundation alongside six women’s foundations – The Washington Area Women’s Foundation, The New York Women’s Foundation, Women’s Fund of Mississippi, Women’s Foundation of Minnesota, Women’s Foundation for a Greater Memphis and Women’s Funding Network – has launched the Partnership for Women’s Prosperity. The new national partnership intends to help economically vulnerable women gain financial and economic security through education, job training and employment opportunities.

Gouverneur, N.Y. -- Kinney Drugs Inc. said Tuesday it has promoted Jim Spencer from his current position as VP retail operations to COO, effective immediately.

Spencer, who joined Kinney Drugs in 2010, will oversee retail and pharmacy store operations and the retail merchandising department.

Bentonville, Ark. -- The Walmart Foundation announced Tuesday the launch of its Partnership for Women’s Prosperity, a move to help economically vulnerable women gain financial and economic security through education, job training and employment opportunities.

Hong Kong -- Esprit Holdings Limited said Tuesday it has named Jose Manuel Martínez Gutiérrez as its new group CEO and executive director, effective September.

Martinez was previously group director of distribution and operations for Inditex. Prior to that, he was the country manager for the Zara brand across Scandinavia.

He succeeds Ronald Van Der Vis.

Hingham, Mass. -- Private equity firm Sycamore Partners, which has wrapped up its $391 million acquisition of The Talbots, appointed Michael Archbold, formerly president and COO of Vitamin Shoppe, as CEO and CFO of Talbots. Archbold, who also served as executive VP and CFO of Saks Fifth Avenue, replaces Trudy Sullivan, who resigned from the CEO’s job after Sycamore completed its acquisition of Talbots late last week.

NORTH BERGEN, N.J. — The Vitamin Shoppe announced that Stephen Bontempo has joined the company.

Bontempo, who previously served as SVP e-commerce and catalog for Fanatics Inc./GSI Commerce, has become VP e-commerce for the Vitamin Shoppe. He will report to chief marketing officer Lou Weiss.

"Having someone of Stephen's caliber is another way we continue to strengthen the leadership team," Vitamin Shoppe CEO Tony Truesdale said. "We're pleased to have him join The Vitamin Shoppe family."
 

NEW YORK — Harwood Feffer LLP, a law firm that represents investors and investment groups, announced that it is investigating potential claims against the board of directors of Best Buy, concerning whether the board is fulfilling its fiduciary duties to shareholders in connection with an offer from the company's founder and former CEO, Richard Schulze, to take the company private.