Human Resources

Fred’s second-quarter results reflected the company’s strategic decision to build its business model for the future as a convenience/pharmacy-centric store, driven by data-based inventory management, according to CEO Bruce Efird.

The company reported a net loss of $16.4 million for the quarter. Fred's total sales for the second quarter of fiscal 2014 increased 2% to $491.2 million. On a comparable-store basis, second-quarter sales decreased 0.1%.

It’s no secret that the position of retail CIO is frequently in a state of flux. For a variety of reasons, retail CIOs will shift their career with a different company, meaning at some point most retail IT professionals will probably find themselves transitioning to a new top boss.

San Francisco – A federal judge has reportedly approved an antitrust settlement EBay reached in May 2012. The settlement relates to a secret deal EBay reached with tax preparation software provider Intuit in which the two companies agreed not to hire each other’s employees.

According to Reuters, the settlement calls for EBay to not make any deals with any other technology companies to avoid hiring each other’s employees.

Latina Style magazine last week named Walmart, Target, CVS Caremark and the Army & Air Force Exchange Service four of the 50 best companies for Latinas to work for.
 
Walmart ranked No. 10 on the list, Target No. 36, CVS Caremark No. 41 and the Exchange No. 46.
 
The 2014 Latina Style 50 will be published in the magazine’s special August issue, and the companies will be recognized at the magazine’s awards ceremony and diversity conference early in 2015.
 

Amazon and Barnes & Noble still pose an enormous threat, but things may be looking up for Books-A-Million where losses are declining and the company just hired an e-commerce veteran.

Books-A-Million said revenue for its second quarter ended August 2 declined 0.5% to $108.3 million, same store sales increased 0.1% and it lost $3 million, or 21 cents a share. The loss was significantly less worse than a prior year loss of $9.1 million, or 62 cents a share.

Walmart’s seemingly endless Foreign Corrupt Practices Act investigation and mounting expenses drew the attention of the New York Times again this week which explored arcane legal issues that have muzzled a former Walmart lawyer.

Monroe, Mich. -- La-Z-Boy Incorporated announced the appointments of two executive officers. Doug Collier has been named senior VP of La-Z-Boy, chief marketing officer and president, international, and Darrell Edwards has been named senior VP of La-Z-Boy and chief supply chain officer.

Collier rejoined La-Z-Boy Incorporated in June 2007 after two years with Select Comfort as chief marketing officer and senior VP marketing. Prior to Select Comfort, Collier held various leadership positions at La-Z-Boy from 2002 through 2005.

Chicago -- JLL has bolstered its tenant representation practice with the addition of Jason Press as VP in the firm’s Chicago office, working on the team lead by executive VP Lew Kornberg.

Press joins JLL with more than 15 years of real estate experience facilitating hundreds of transactions valued in excess of $500 million. Prior to JLL, he co-founded North Park Properties to acquire investment properties in the Chicagoland area.