Labor & Employment

Winston-Salem, N.C. -- Krispy Kreme Doughnuts said its board has approved the repurchase of up to $50 million of the company's common stock, effective immediately. 

WINSTON-SALEM, N.C. — HanesBrands has appointed former PetSmart chairman and CEO Robert F. Moran to the company’s board of directors.

Moran, 62, whose term runs until the 2014 annual meeting of stockholders, will serve on the board’s audit committee. With Moran’s appointment, the Hanes board has 10 members.

Moran's international career in the retail industry spans four decades. He retired last month from PetSmart, where served as COO from 2001 to 2009, prior to being promoted to CEO.

Fremont, Calif. – A suit can help a man feel more attractive, confident, and successful in professional situations as well social ones. According to the findings of a new national survey of more than 1,000 adult males from Men’s Wearhouse and Kelton Research, a suit also has a positive impact on how a man is viewed by others.

Following are highlights from the study results.

Brooklyn, N.Y. -- West Elm is opening its first location in Missouri – at the St. Louis Galleria.

The 8,385-sq.-ft. store, slated to open in July, will incorporate works by local artists as part of its plan to support St. Louis talent.

“Our customers are as passionate about supporting artists in their local communities as we are at West Elm,” said Jim Brett, president of West Elm. “We are proud to be incorporating some of St. Louis’ most talented artists into the assortment for our new store.”

CHICAGO — Cargill, an international producer and marketer of food, agricultural, financial and industrial products and services, has unveiled an assessment tool that identifies, prioritizes and quantifies risks and opportunities in its supply chains so improvements can be made to them.

Fort Worth, Texas -- RadioShack Corp. on Friday released a statement in which it said that its balance sheet continues to be strong, with total liquidity of $820 million at the end of the first quarter. The chain released the statement the day after a report said the retailer was considering hiring a financial adviser.

A Walmart employee in Canada was fired this week after confronting a customer who left a dog in a truck, according to a television report out of Ontario.

New York -- Michael Kors is suing Costco Corp., accusing the chain of illegally using pictures of its pocketbooks in its ads to attract customers, according to the Associated Press. Michael Kors said Costco was not authorized to sell the designer's goods.

In a federal lawsuit, Michael Kors accused Costco of using the bags as a lure. It claimed Costco advertised the bags as starting at $99, but didn't actually have any to sell, the report said.