Management

Former Barnes & Noble CEO Ron Boire will be getting $4,825,600 from the bookstore chain to settle all issues related to his dismissal in August after just a year on the job. In exchange for the payment, Boire agreed to forfeit all stock awards. That included 368,098 shares he was granted last September when he…

Anonymous sources told Bloomberg that Finish Line is looking for a buyer for its JackRabbit chain of specialty running shoe stores. JackRabbit has about 70 locations under various names. Experts say the division could draw interest from private equity firms and other sporting goods chains.

Have student loans? You might want to think about working at Staples. The retailer announced this week that eligible employees will receive $100 a month for three years for a total of $3,600 to help payback previous or current student loans, joining a growing group of companies offering this kind of perk. At first, the…

American Apparel is preparing for its second bankruptcy filing in as many years, according to people familiar with the situation, capping a tumultuous stretch that included tumbling sales, red ink and a split with controversial founder Dov Charney. The filing may come as soon as the next few weeks, according to the people, who asked not…

Patagonia is joining other companies that are giving workers a day off on Election Day, saying it wants to encourage its employees to have the time to elect candidates up and down the ballot who will protect the environment. A movement called "Take Off Election Day" has enlisted hundreds of tech companies, mainly smaller ones, to…

REI will keep its stores closed on the day after Thanksgiving for the second straight year, even though it's one of the busiest shopping days of the year. It will also again pay employees for the day off in a campaign that encourages people to spend time outdoors. Online shoppers can put items in their cart,…

Amazon.com Founder and CEO Jeff Bezos has publicly spoken out against Republican U.S. presidential nominee Donald Trump in the past. He did so again yesterday at Vanity Fair's 2016 New Establishment Summit in San Francisco, where Bezos was honored for his role in innovation. Bezos took aim at Trump's handling of the media, and views the…

Giant Eagle is offering buyouts to about 1 percent of its corporate employees. The supermarket chain announced earlier this week that it’s cutting costs because of falling grocery prices, and analysts contend that competition from discount chain Aldi is increasing. The buyouts don't affect store employees like cashiers and baggers; they're limited to corporate employees…

More bad news for Banana Republic. It was announced yesterday the chain is exiting the U.K. starting next year as part of a global re-evaluation of the Gap Inc. brand. Bloomberg reports Gap is closing all eight of its Banana Republic locations in the U.K., with most of the stores shuttered by the end of…

Macy's has reaffirmed its commitment to Thanksgiving Day shopping, announcing yesterday that it will open its stores an hour earlier this year. The retailer plans to open at 5 p.m. on Thanksgiving, with most Macy's stores closing at 2 a.m., and then reopening at 6 a.m. Friday. Macy's cited "ongoing customer interest in shopping on Thanksgiving"…