Executive authority suffered a blow this week when the U.S. Supreme Court sided with Pepsi distributor Noel Canning in a dispute over president Barack Obama’s use of an arcane “recess appointments” clause to load the National Labor Relations Board with pro-union choices.
David Campisi joined Big Lots a little more than a year ago as president and CEO and with sales and profits gathering momentum the nation’s leading off-price retailer has decided to begin paying a hefty dividend.
The bad weather that hurt Bed Bath & Beyond during the fourth quarter may have abated, but the company’s sales still grew at a slower than expected pace during the first quarter and caused profits to come in toward the low end of expectations.
With company representatives, Missouri Secretary of State Jason Kander, St. Louis Mayor Francis Slay, local officials and community leaders on hand, Ikea officially broke ground for its future St. Louis store scheduled to open fall 2015.
The Shopko Foundation has announced the recipients of its Shopko Teammate and Family Scholarships for the 2014-2015 school year. The foundation awarded $75,000 in scholarships to 30 students in 9 states.