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  • 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.
     

  • Report: Target’s Valley Stream, N.Y., store to vote on union

    New York City -- Target Corp. and United Food and Commercial Workers Local 1500 have settled a dispute regarding which workers may cast ballots in a union election at the retailer's Valley Stream, N.Y., store, paving the way for the National Labor Relations Board to schedule the vote, Crain’s New York reported.

    The election next month will apparently be the first at a Target store since 1990, when a union drive failed at a Detroit store.

  • 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.

  • 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.

  • Sears considers moving out of Illinois

    Hoffman Estates, Ill. -- Sears Holdings Corp. is researching a possible move of its headquarters and 6,200 jobs out of Illinois, a company spokesman said Monday.

    The retailer has had preliminary discussions with the Chicago suburb of Hoffman Estates, where it is located, and has commissioned an economic impact study, according to spokesman Chris Brathwaite.

  • Zale names chief administrative officer

    Dallas -- Zale Corp. announced the company’s CFO, Matt Appel, has been appointed as chief administrative officer. He will continue to serve as CFO.

    Appel will be responsible for real estate, supply chain and logistics, merchandise planning and allocation, information technology, warranty, repair and credit products, as well as the ongoing management of Zale’s finance and control functions.

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