News

The CFO of Neiman Marcus has resigned after 15 months on the job.   Donald Grimes has resigned as COO and CFO of the luxury retailer, effective immediately. No reason was given for his departure. But in an SEC filing, the company said Grimes's resignation "was not the result of any disagreement regarding any matter" related to its "operations, policies or practices."   Grimes joined Neiman Marcus in June 2015, after a seven-year stint at Wolverine World Wide where he was CFO. 

Beleaguered American Apparel has filed its second Chapter 11 bankruptcy protection in just a little over a year. But this time around its future as a retailer looks even more uncertain.  

With some 2,975 team members in its 123 company-owned restaurants and support center, Fazoli’s, the nation’s largest fast-casual Italian restaurant chain, is addressing the Department of Labor’s new overtime rule head on. CSA spoke with Carl Howard, president and CEO of Fazoli’s, about the company’s strategy regarding the new regulations, scheduled to take effect December 1.   How do you think the new overtime rule will impact your workplace?

Shopko, in partnership with First Bankcards, is launching its first private label credit card program.   The new Shopko Credit Card, which can be used at any Shopko throughout the United States, will offer discounts, periodic deferred interest promotional financing offers and automatic gift card rewards, in addition to in-store instant approval.   

Kenneth Cole is closing all its stores in outlet centers.   The company plans to shutter its 63 outlet stores within the next six months, Bloomberg reported. The move will leave the brand with two brick-and-mortar stores, both full priced, with one in downtown Manhattan and the other in Arlington, Va.  

Barneys New York is charting a different course this holiday season.   The luxury retailer is known for its satirical, often outrageous holiday window displays. But this year Barneys’ windows, in response to what it called “the world's current climate of chaos and divisiveness,” will be built around the themes of love, peace and joy.  

Lighting is fundamental to any retail store, whether that is for setting a scene and influencing how a brand is perceived, or even encouraging shoppers to make a particular purchase. However, if not managed correctly, it can be extremely expensive. In fact, lighting accounts for around 53% off all electricity consumption in a typical retail outlet, according to the U.S. Energy Information Administration.  

Consumers in more cities will soon be able to turn to the nation’s largest e-commerce retailer to find help for home chores and services.   Amazon said it is expanding Amazon Home Services into 20 new metropolitan areas across the country, including Indianapolis; Las Vegas; San Antonio, Texas; Ann Arbor, Mich.; Cleveland, Ohio; Trenton, N.J., and more. Launched in 2015, the service now includes providers from almost 60 professions offering more than 1,200 unique services.