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Labor & Employment

  • Jobs report delivers blow to retail stocks

    New York City -- A jobs report on Friday that showed a slowing hiring market sent retail shares tumbling. According to the Labor Department, U.S. employers added just 54,000 new workers in May, the fewest in eight months. With unemployment at 9.1%, those retailers most closely tied to the job market, including Staples and Office Depot, saw the most negative impact.

  • Staples Europe names new executives

    FRAMINGHAM, Mass. — Staples has announced new appointments at its European division. Amee Chande has been named managing director U.K. retail and direct and Andrew Gabriel has been named director technology and services European retail.

    Chande will have overall responsibility for Staples retail and delivery businesses in the United Kingdom, a key market for the company. Chande joined Staples in 2009 as SVP strategy, responsible for developing and driving the company’s growth agenda.

  • Target May comps miss forecast

    MINNEAPOLIS — Target reported a 2.8% same-store sales increase for May, falling short of Wall Street's expectation for a 3.5% increase, as consumers remained cautious. The retailer reported that net sales for the four-week period were $4.8 billion, an increase of 3.8%t from $4.6 billion for the four weeks ended May 29, 2010. 

  • NRF sends Sears exec to Washington

    WASHINGTON — Sears Holdings VP tax James Misplon testified on behalf of the National Retail Federation, urging Congress to focus on jobs and the economy as lawmakers explore options for corporate tax reform.

    Misplon testified before the House Ways and Means Committee this morning during a hearing on how corporate tax reform can encourage job creation. Sears Holdings is an NRF member and Misplon chairs the NRF Taxation Committee.

  • Report: Wal-Mart executives discuss South Africa acquisition

    Bentonville, Ark. -- A report Thursday by the Associated Press said that Wal-Mart Stores executives met Thursday to discuss the proposed Massmart acquisition, which is expected to close in June.

    According to the report, as Wal-Mart expands its international business, the company wants to bring ideas it gains from the South African chain to other markets.

  • Staples Europe announces exec changes

    Framingham, Mass. -- Staples Europe announced Thursday that it has appointed Amee Chande to managing director UK retail & direct and Andrew Gabriel to director of technology and services European retail.

    Chande will have overall responsibility for Staples retail and delivery businesses in the United Kingdom, a key market for the company. Chande joined Staples in 2009 as senior VP strategy, responsible for developing and driving the company’s growth agenda.

  • A|X Armani Exchange implements Assess Systems pre-employment solution

    Dallas -- Human resources solution firm Assess Systems said Thursday that A|X Armani Exchange has chosen Assess to provide pre-employment testing of all stock and sales associates for both the retailer’s Canadian and U.S. operations.

  • Report: Pay increase budgets steady for service companies

    Kansas City, Kan. -- A report released Thursday by Compdata Surveys found that although the economy is still struggling to make significant strides towards recovery, small improvements are starting to become more evident.

    The 2011 Compensation Data Services survey results found pay increase budgets remained relatively stable at 2.4%, reflecting a slight increase from 2.2% in 2010. Pay increase budgets are projected to continue slowly increasing in 2012 to 2.5%.

  • Former Home Depot execs to expand LaVida Massage in Georgia

    Atlanta -- LaVida Massage said Wednesday it has named Duane Goodwin and Terry Sharp as Master Developers in the state of Georgia.

    Goodwin and Sharp, both former Home Depot senior executives based in Atlanta, will be charged with spearheading the regional growth and the development of several centers in Atlanta and throughout Georgia.

  • Commercial Retail Advisors names new associate

    Tucson, Ariz. -- Commercial Retail Advisors said it has hired Derek Gersdorf as a Retail Specialist.

    Gersdorf's duties will include retail leasing and retail tenant representation. Prior to joining Commercial Retail Advisors, he worked as a residential appraiser in the Phoenix and Tucson regions for Casa Grande Appraisal Service and Forsythe Appraisals.
     

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