Corporate Governance

Denver -- Chipotle Mexican Grill Inc. is going on a hiring binge.

The chain will hold its first-ever “National Career Day,” on Sept. 9, with the goal of hiring 4,000 new employees.

In terms of employment, Chipotle is considered one of the more desirable fast-food chains, offering higher-than-average wages. In June, the company announced it planned to offer benefits previously available only to salaried workers to all employees, including full tuition reimbursements, sick pay, and paid vacation days.

New York -- Target Corp. has agreed to pay $2.8 million to resolve a hiring discrimination claim filed by the U.S. Equal Employment Opportunity Commission.
 
The EEOC said three "employment assessments," which Target no longer uses, disproportionately screened out applicants based on race and gender, according to the Associated Press, and therefore violated Title VII of the Civil Rights Act of 1964.

New York -- As if retailers didn’t have enough to worry about, teens are shopping more like their parents.

Click here for the story.
 

Atlanta -- The Home Depot announced it has completed its $1.625 billion acquisition of Interline Brands.

The home improvement giant has previously announced agreement to acquire Interline, a national distributor and direct marketer of broad-line maintenance, repair and operations products, on July 22, 2015.

Louisville, Ky. -- Appriss Inc., a provider of data, risk assessment and analytic solutions for government, health information and consumer industries, has acquired The Retail Equation, Irvine, California, a provider of predictive analytics for retail businesses. The Retail Equation will become the retail division of Appriss and will operate as a separate company within the Appriss corporate structure.

Supermarket anchors offer wide range of products and services

Grocery retailers have always served as ideal shopping center anchors, as they guarantee extra foot traffic by providing consumers with their daily needs.

Fall inspections key to prepping HVAC systems for colder temps

It’s only September and still technically summer. But calendar aside, it is time to start prepping HVAC systems for the colder days ahead.

Oddly enough, most retailers start to prepare for the summer season months ahead of the first 95-degree day. Plans are developed to schedule the HVAC spring inspections well in advance, so when the first heat wave hits, stores will be ready to start pumping cold air to keep their customers very comfortable.

Interior build-outs in the retail sector can be some of the most expensive construction projects, with cost per unit area far exceeding that of an exterior build. They are also often more logistically complex. For example, coordination of all the different trades and the delivery of materials, fixtures, and products is key to ensuring quality, containing costs, and avoiding delays.

New York - Nine West Holdings Inc. is taking ownership of its Canadian brand assets, including 45 store leases.

The company has acquired the business operations of Sherson Group Inc., which previously held the exclusive rights to the Nine West, Anne Klein and Easy Spirit brands in Canada.

Nine West intends to continue providing these brands to customers across Canada at Nine West mall-based locations and Shoe Studio outlet stores, as well as at department stores.

Franklin, Tenn. – Out-of-stock merchandise is causing a significant drain on annual retailer revenue performance.

According to a new research report from retail analyst firm IHL Group, commissioned by OrderDynamics. Retailers and the Ghost Economy: The Haunting of Out-of-Stocks, retailers lose $634.1 billion in annual losses due to out-of-stocks.