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Labor & Employment

  • Gap to open stores in Serbia and Ukraine

    San Francisco -- Gap plans to open stores in Serbia and Ukraine later this year as its continues to expand its international operations.

    The chain said Friday that it signed new deals with existing franchise partners that will put Gap stores in Belgrade and Kiev.

    According to Stephen Sunnucks, the company's international president, the Ukraine is the fastest-growing retail market in Eastern Europe, while Serbia has many young customers who enjoy shopping.

  • Kroger CEO pay falls for third consecutive year

    Cincinnati -- Kroger Co. CEO and chairman David Dillon saw his pay fell again as the chain's sales and profit growth fell below tough targets amid continuing economic instability.

    An Associated Press analysis shows Dillon received compensation for 2011 valued at $5.4 million, down 19% from 2009. It is the third straight year in which Dillon's largely performance-based pay fell.

    The AP's calculation counts salary, bonuses, perks and stock and options awarded to the executive during the year.
     

  • Marcus & Millichap announces retail exec promotion

    Encino, Calif. -- Marcus & Millichap Real Estate Investment Services said it has promoted Bill Rose to director of the National Retail Group.

    Rose joined Marcus & Millichap’s San Diego office in September 2003 as a retail and multifamily investment specialist. He was promoted to senior associate in September 2006. He rejoined the firm in November 2009 as sales manager of the San Diego office and in November 2010 was named western regional director of the NRG.
     

  • HanesBrand CFO seeks opportunities elsewhere

    WINSTON-SALEM, N.C. — HanesBrands announced that CFO E. Lee Wyatt has resigned effective June 30 and current controller and chief accounting officer Dale Boyles will serve as interim CFO while the company conducts a search to fill the position.

    Wyatt, 58, who joined HanesBrands before its 2006 spinoff to oversee the development of the company’s financial, accounting, and external reporting capabilities, is leaving the company to seek similar opportunities, according to HanesBrands.

  • Former Walmart executive named Save-A-Lot president, CEO

    EDEN PRAIRIE, Minn. — Supervalu banner Save-A-Lot has appointed a new leader, replacing company veteran Bill Shaner, who has lead the division since 2006.

  • Kohl’s focusing on smaller stores, looking at all options for new headquarters

    New York City -- Kohl’s Corp. is looking to focus on smaller stores as it continues to expand across the country, chairman and CEO Kevin Mansell said in remarks following the company's annual meeting Thursday, according to The Business Journal.

    The chain expects to open about 40 stores this year, and 30 of them will be smaller models. Kohl’s smaller footprint generally averages about 60,000 sq. ft. as compared with 90,000 sq. ft. for a typical store, the report said.

  • Wal-Mart exec to run fast-growing Save-A-Lot

    Eden Prairie, Minn. -- Supervalu has named Santiago Roces, a former Wal-Mart Stores executive, as the CEO and president of its discount Save-A-Lot division. Roces, who most recently served as senior VP and general manager of Wal-Mart's small-format division, replaces Bill Shaner, who led Save-A-Lot since 2006 and worked for Supervalu for 27 years.

    Supervalu it plans to double the number of Save-A-Lot stores, growing it to more than 2,400 locations by the end of 2015.

  • Zumiez CFO to leave

    Everett. Wash. -- Zumiez CFO Trevor Lang is leaving the retailer so that he can move back to Atlanta.

    Lang's departure takes effect on June 1, Zumiez said late Tuesday.

    Zumiez said it is conducting a search for Lang's successor.

  • NRF supports repeal of employer-mandated health care

    WASHINGTON — The National Retail Federation announced that it is endorsing legislation that would repeal the employer mandate provision of last year’s healthcare reform law.

  • Former Gap exec fills Children's Place COO spot

    SECAUCUS, N.J. — The Children's Place Retail Stores search for someone to oversee its finance and operations appears to have come to an end as the company has announced the appointment of Eric Bauer as COO. He will report to Jane Elfers, president and CEO, and will be responsible for supply chain, planning and allocation, store operations, finance, information technology and real estate.

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