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  • Report: Activist investor group seeks to replace majority of Wet Seal board

    New York -- Wet Seal Inc. sent a letter to its shareholders saying activist investor Clinton Group is looking to replace most of the retailer's board with its own nominees, Reuters reported.

    Wet Seal urged its shareholders to reject Clinton's five-member slate, according to a filing with regulators on Sept. 24, the report said.

  • Starbucks in Real-Time Energy Pilot

    Starbucks Coffee Company is participating in a pilot project designed to encourage employees to identify strategies that will reduce the amount of energy required to run the stores while not impacting customer service.

  • CEO Compensation Trends

    Executive compensation has always been a hot topic in corporate America — and the retail industry is no exception. These days, two trends are upping the attention paid to pay at the top: the ongoing move to performance-based equity, and the scrutiny compensation packages are receiving from increased SEC regulations and shareholder involvement.

  • Walmart boosts holiday hiring

    BENTONVILLE, Ark. — Walmart is getting ready for the increased demand on its stores during the holiday shopping season by offering more hours to its existing associates and hiring more than 50,000 seasonal associates.

    "The holidays are a special time of the year for everyone, and we are ready to help customers have a great shopping experience at Walmart—whether they are looking for the perfect gift or are stocking up for a memorable holiday meal," said Gisel Ruiz, EVP and COO Walmart U.S.

  • Focus on: ADA Compliance

    Seasonal, temporary and pop-up retailers have an added challenge this year. As of March, any retail space constructed or altered must meet the Department of Justice’s latest ADA requirements and the 2010 Standards for Accessible Design.

    That applies to all new retail construction and any alterations to retail spaces; and if an existing facility is used, then retailers must conduct “readily achievable barrier removal.”

  • OSU president, electric company head join Limited board

    COLUMBUS, Ohio — Limited Brands has announced the appointments of Michael Morris and Dr. Gordon Gee to its board of directors.

  • Walmart to hire 50,000 holiday associates

    Bentonville, Ark. -- Wal-Mart Stores Inc. said Friday it will add about 50,000 seasonal associates to staff its stores this year, as well as offer additional hours to existing personnel.

    “This is our busiest time of the year and we are focused even more on providing excellent service to our shoppers throughout the holiday season,” said Gisel Ruiz, executive VP and COO, Walmart U.S. “One way we do that is by ensuring our stores are adequately staffed by our associates.”

     

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