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Human Resources

  • Acquisition creates first national bedding chain

    The nation’s two leading mattress specialty firms are one.

    On Friday, Mattress Firm completed its $780 million acquisition of rival Sleepy’s. The combined company will have annual sales of over $3.6 billion through approximately 3,500 retail locations in 48 states.

  • Sporting goods chain eyes bankruptcy filing

    Sports Authority is taking steps towards filing for Chapter 11 bankruptcy protection, according to Bloomberg.

    The retailer has a debt payment due in 10 days and in talk with its lenders about a reorganization plan under which it would close as many as 200 of its more than 450 stores, the report said.
     
    Sports Authority reportedly skipped a $20 million in interest payment in January on a $343 million loan. It has 10 days to make the payment.

  • Report: Sporting goods chain eyes bankruptcy filing

    Sports Authority is taking steps towards filing for Chapter 11 bankruptcy protection, according to Bloomberg.

    The retailer has a debt payment due in 10 days and in talk with its lenders about a reorganization plan under which it would close as many as 200 of its more than 450 stores, the report said.

    Sports Authority reportedly skipped a $20 million in interest payment in January on a $343 million loan. It has 10 days to make the payment.

  • Survey: Retailers need to move to customer-centric model

    For all their talk about the customer, most retailers have yet to evolve to a business model that is truly customer-centric.

    That’s the conclusion of a new industry study by strategic consulting firm The O Alliance that was created in partnership with Revmetri.

  • Former lululemon CIO rejoins company as board member

    Kathryn Henry is back at lululemon athletica inc., in a new role as a member of the company’s board of directors, a move the company’s founder contends is an important first step to making larger changes.

  • Home Depot embarks on spring hiring spree

    The Home Depot is gearing up for the busy spring selling season with the hire of more than $80,000 seasonal employees.

    The retailer is hiring for sales, operations and cashier positions across all departments, which range from the lumber aisle to the Pro desk and the outside garden.

    Additionally, Store Merchandising Execution Teams are also looking for associates to set up displays, maintain store appearance and keep products customer-ready.

  • Inland names executive VP and head of property management

    Oak Brook, Ill. -- Inland Investment Real Estate Services hires Niall J. Byrne as executive VP and head of property management. Byrne will be responsible for IIRES’s property management for Inland Investments, Inland National Development Corporation and Inland Institutional Capital Partners.

  • Gordon Brothers finance unit names board member CEO

    Eugene Martin was named president and CEO at Gordon Brothers Finance Company succeeding Patrick Dalton who had previously announced plans to step down.

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