Skip to main content

Labor & Employment

  • Federal Realty Celebrates a Half-Century in Retail

    As one of the oldest REITs in existence today, Federal Realty Investment Trust has every right to send up some fireworks over reaching the 50-year mark this year.

    The Rockville, Md.-based real estate company was established in 1962 with three properties in the metropolitan Washington, D.C., area, including Congressional Plaza (shown here, both then and now). Today, Federal Realty’s portfolio comprises about 19.3 million sq. ft. primarily in its core base of the northeastern and Mid-Atlantic U.S., as well as in California.

  • Gap names H&M global exec as president of Old Navy

    San Francisco -- Gap Inc. announced Monday that it has appointed former H&M global sales head Stefan Larsson as the new president of Old Navy, effective the end of October.

    Larsson replaces Tom Wyatt, who left the company in February.

    The move is expected to pay dividends for Gap as it preps to open its first overseas Old Navy store – in Japan – this July.

  • Zale chief joins Express board

    COLUMBUS, Ohio — Express has named Theo Killion has been appointed to its board of directors as a Class III director.  Killion is CEO and a director of Zale Corp.  

  • Sales surge, profits decline as Amazon.com funds growth in Q1

    First quarter sales at Amazon.com surged 34% to $13.2 billion during the first quarter ended March 31, but profits declined 35% to $130 million due to rising expenses related to growth initiatives.

  • Walmart expands conservation efforts

    BENTONVILLE, Ark. — Walmart is working hard to improve its image with its latest announcement that its Acres for America program is conserving an additional 300 acres of land to protect and restore wildlife habitats in the heart of U.S. cities, including Bridgeport, Chicago, Portland, San Diego, and Washington, D.C.

  • Quicksilver names new CFO

    HUNTINGTON BEACH, Calif. — Quiksilver, the manufacturer of outdoor sports apparel, has appointed Richard Shields as CFO, effective May 11. Shields will be responsible for all areas of the company’s finance and accounting on a global basis.

  • Visual merchandising firm sues J.C. Penney

    New York -- Hudson + Broad, a New York City-based visual merchandising firm, is suing J.C. Penney Co. for $40 million. H+B is seeking $20 million in compensatory damages and an additional $20 million in punitive damages.

  • Walmart expands conservation program

    Bentonville, Ark. -- Walmart announced that its Acres for America program is conserving an additional 300 acres of land to protect and restore wildlife habitats in the heart of U.S. cities, including Bridgeport, Chicago, Portland, San Diego, and Washington, D.C.

  • Pantry CFO resigns

    Cary, N.C. -- The Pantry announced today that Mark R. Bierley, CFO, has resigned effective May 25, 2012. Bierley has accepted a position near his home in Michigan.

    The convenience-store company will begin a search for a new CFO promptly. Berry L. Epley, VP and corporate controller, will assume Bierley’s responsibilities until a successor is named.
     

  • Starbucks profit jumps 18%

    Seattle -- Starbucks Corp.’s net income surged a better-than-expected 18% in its fiscal second quarter, as its store traffic increased in most parts of the world. The coffee giant also raised its forecast for the year on the results and said it was accelerating its growth.

    For the three months ended April 1, the company earned $309.9 million, compared with a profit of $261.6 million in the year-ago quarter. Revenue rose to $3.2 billion, up from $2.79 billion a year ago. Same-store sales increased 7%.

X
This ad will auto-close in 10 seconds