Human Resources

PLANO, Texas - Two members of the Dr Pepper Snapple Group executive leadership team have been promoted to the level of executive vice president, the company announced.

Effective Jan. 1, 2011, David Thomas, Ph.D., is EVP research and development, and Tina Barry becomes EVP corporate affairs. Both continue to report directly to Larry Young, DPS president and CEO.

Chicago -- According to a survey released Monday by CareerBuilder and conducted by Harris Interactive, 80% of retail companies report that a bad hire has adversely affected their business in the last year, meaning that hiring the right employees will become a top priority in 2011.

Nearly one-quarter (23%) of the 254 U.S. retail hiring managers surveyed said that one bad hire cost their business more than $50,000 in the last year. One-third (33%) said that one bad hire cost them more than $25,000.

MONTVALE, N.J. — Bankrupt grocer A&P has announced that the U.S. Bankruptcy Court for the Southern District of New York has approved the $800 million debtor-in-possession financing provided by JPMorgan Chase. Of the total DIP facility, a $350 million term loan immediately has been made available.

As previously reported, A&P filed for bankruptcy on Sunday and will keep its 395 stores open and operational during the proceedings.

In addition, the court granted A&P's motion to approve its request for "first day orders," including:

EDISON, N.J. - Majesco Entertainment announced that Christina Glorioso has joined the company as chief marketing officer.  In this newly created role, Glorioso will oversee all brand management, creative, media and marketing initiatives while helping guide the company's strategic direction.

PHOENIX - The board of directors of PetSmart has unanimously appointed Dr. Angel Cabrera, Ph.D., to the board, effective Dec. 9. 

Cabrera is president of the Thunderbird School of Global Management, a position he has held since 2004. Prior to joining Thunderbird, Cabrera was professor and dean at Instituto de Empresa in Madrid, Spain from 1998 to 2004.

WAYNE, N.J. - Toys“R”Us reported that net sales for the third quarter were $2.7 billion, an increase of 1.9% compared with prior year, due to new locations including Toys“R”Us Express stores as well as comparable-store net sales growth of 2.3% in the domestic segment and a foreign currency translation benefit of $17 million. These increases were partially offset by a decline of 2.9% in comparable-store net sales in the international segment.

New York - Fast Retailing, Asia’s biggest clothing chain and the parent of Uniqlo, is lookjing to open at least 200 Uniqlo stores in the United States  by 2020 as it seeks to raise sales sixfold in a decade, according to a Bloomberg report. 

"The United States is one of the most important markets for us,” Shin Odake, CEO of Uniqlo’s U.S. unit, said in an interview with Bloomberg Television. 

CINCINNATI - Macy’s, Inc. (NYSE:M - News) today announced it will build a major new fulfillment center near Martinsburg in Berkeley County, W.Va., to support the continued growth of its online business. The site is located strategically along I-81, about 80 miles northwest of Washington, D.C.