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Labor & Employment

  • 7-Eleven plans major expansion in Jacksonville, Fla.

    New York -- 7-Eleven Inc. plans to open 15 to 20 stores this year in the Jacksonville, Fla., market and 80 locations by 2015, according to the Florida Times-Union.

  • REI gets CFO from Urban Outfitters

    SEATTLE — REI (Recreational Equipment Inc.) announced that retail and outdoor industry veteran Eric Artz will join the company as chief financial officer in May. Artz comes to REI from Urban Outfitters.

  • Wet Seal profit, sales drop in Q4, to open up to 30 stores in 2012

    Foothill Ranch, Calif. -- The Wet Seal reported Thursday that net income for the fourth quarter dropped to $1.1 million from $5.3 million a year earlier. Sales in the quarter followed the same downward trend, as net sales fell to $163.2 million from $165.5 million, and same-store sales declined 5.5%.

  • Urban Outfitters CFO moves over to REI

    Seattle -- REI revealed on Thursday that Urban Outfitters CFO Eric Artz has been named finance chief for the outdoor retailer, effective May 2012.

    Urban Outfitters announced Artz’s departure earlier on Thursday.

  • Sears names former Sony exec as appliance head

    Hoffman Estates, Ill. -- Sears Holdings Corp. said Thursday that Steve Haber will join the company as senior VP and president, Home Appliances.

    Haber was previously executive VP at Sony Electronics, leading the Product to Consumer Marketing and the Home and Digital Reading business divisions.
     

  • Wal-Mart penalized $2.1 million for overcharging California customers

    Bentonville, Ark. -- A state attorney for California said Wednesday that Wal-Mart has agreed to pay a $2.1 million penalty for overcharging customers in the state.

    Wal-Mart is being penalized for charging prices higher than those posted, violating a 2008 judgment for it to halt the overcharging.

  • Urban Outfitters CFO stepping down

    Philadelphia -- Urban Outfitters said Wednesday that CFO Eric Artz is leaving the company, and will be replaced by current chief accounting officer Frank Conforti, effective April 3.

    No reason has been given for Artz’s departure, other than he plans to return to the west coast.

    Urban Outfitters operates under the Anthropologie, BHLDN, Free People, Terrain and Urban Outfitters brands.

  • Urban Outfitters CFO stepping down

    Philadelphia -- Urban Outfitters said Wednesday that CFO Eric Artz is leaving the company, and will be replaced by current chief accounting officer Frank Conforti, effective April 3.

    No reason has been given for Artz’s departure, other than he plans to return to the west coast.

    Urban Outfitters operates under the Anthropologie, BHLDN, Free People, Terrain and Urban Outfitters brands.
     

  • McDonald’s chief to retire June 30

    Oak Brook, Ill. -- McDonald’s Corp. announced Wednesday that vice chairman and CEO Jim Skinner will retire on June 30.

    Skinner will be succeeded by current president and COO Dan Thompson, 48, effective July 1.

  • Fred’s delivers on remodel initiative, but sales lag

    MEMPHIS — Regional discounter Fred’s made good on its promise of a year ago to further expand a new merchandising initiative, but an intensely competitive market made fourth-quarter sales tough to come by.

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