Management
October 14, 2015 at 10:32 am
President Obama’s recent proposal to increase the number of workers eligible for overtime pay has been stirring controversy throughout the retail industry this summer. As the salary threshold for workers who qualify for overtime pay would leap from $23,660 to $50,440, retailers will be strapped to find ways to account for this rapid jump in…
October 9, 2015 at 10:29 am
With the peak shopping season approaching, Urban Outfitters is asking its employees to pitch in a bit more on the weekends. But there's a catch: they won't get paid for it. In an email obtained by Gawker this week, the Philadelphia-based retailer told salaried employees that it was looking for weekend volunteers to help "pick, pack…
October 8, 2015 at 9:24 am
Ascena Retail Group, Inc. today announced that Kay Krill is transitioning from president and CEO of ANN INC. and has been appointed to Ascena’s board of directors. Gary Muto, who currently serves as president of ANN brands, will succeed Ms. Krill as president and CEO of ANN INC., a subsidiary of Ascena. Ms. Krill will…
October 8, 2015 at 9:18 am
The reign of one of the most successful chief executives in retailing will come to an end early next year when TJX Cos.’ Carol Meyrowitz plans to step down. In her nine years as CEO of the discount fashion and home goods retailer, sales soared 67 percent to $29.1 billion and income nearly tripled to $2.2…
October 6, 2015 at 12:30 pm
Sam’s Club CEO Rosalind Brewer on Friday (Oct. 2) announced broad personnel and strategy changes that include nine top-level organizational moves for the club division of Wal-Mart Stores Inc. The Sam’s Club news came on the same day that Wal-Mart announced 450 job cuts at the home office in Bentonville, Ark. The big changes aren't a…
October 6, 2015 at 12:14 pm
City Sports Inc., the retailer launched more than 30 years ago in Boston by a pair of high school friends, plans to shut eight of its 26 stores and sell the rest after filing for bankruptcy protection on Monday. If a buyer cannot be found, the chain will be liquidated, according to documents submitted to U.S.…
October 2, 2015 at 11:33 am
Luxury emporium Neiman Marcus became the latest retailer to cut jobs, laying off 500 corporate and support employees on Thursday. The cuts, first reported by The Dallas Morning News and confirmed by a Neiman spokeswoman, include 157 jobs in Dallas, the hometown of Neiman Marcus, which recently filed paperwork to once again be listed on the…
October 2, 2015 at 11:27 am
When Congress designed temporary work visa programs, the idea was to bring in foreigners with specialized, hard-to-find skills who would help American companies grow, creating jobs to expand the economy. Now, though, some companies are bringing in workers on those visas to help move jobs out of the country. For four weeks this spring, a young…
October 2, 2015 at 11:16 am
bebe stores said Thursday that it will cut more than 50 jobs in the design, merchandising and production areas, as part of a workforce reorganization being implemented as a result of the company's focus on more streamlined lifestyle assortments and increased efficiencies across business functions. The company expects pre-tax costs associated with the move to…
October 2, 2015 at 11:03 am
The Home Depot has agreed to pay more than $83,000 to 46 women who claimed they were denied higher-paying sales jobs that went to men while they were forced to work as cashiers at a Southern California store. The U.S. Department of Labor said Thursday that The Home Depot didn't admit liability in the discrimination case…
