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RILA appoints compliance director
The Retail Industry Leaders Association (RILA) has added Ajani Stewart to its sustainability team within the RILA legal department.
Stewart will be leading the development of RILA’s Center for Retail Compliance (CRC). RILA recently received funding to develop the CRC, a Web-based resource for retailers and stakeholders in the industry to access solutions and information for maintaining and achieving environmental compliance. Stewart is responsible for the development of the center.
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Alco focuses on improving profitability
Alco is developing a strategy to improve profitability and deliver shareholder value, following a growing net loss during the third quarter of fiscal 2014, compared to the same period in the prior year.
Net loss totaled $16.4 million, compared to $1.4 million. Results in the third quarter of fiscal 2014 included a non-cash charge of $9.8 million related to a valuation allowance on the company's cumulative deferred tax asset, and $1.1 million of non-recurring expenses attributable to merger activity.