News

Burton, New York City

BY CSA STAFF

Burton Snowboard’s newly renovated SoHo flagship serves as a showcase for the brand’s homey New England image. Featured elements include a vintage chairlift, a wood cabin made from reclaimed timbers and a snowboard fabrication press. The design restores the original building of the historical building while incorporating authentic bare wood, reclaimed wood and distressed steel.

Design: Verdego Design, Venice Beach, Calif.


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OPERATIONS

Report: Walmart to raise healthcare premiums

BY Staff Writer

New York — Walmart’s U.S. employees will pay between 8% and 36% more in premiums for its medical coverage in 2013, Reuters reported.

For its most popular plan, which covers individuals, the payment per bi-weekly paycheck is going up by $2, or 13%, the report said. Some other plans would have higher increases.

The chain said average costs its employees will bear should only increase about 4.4% in 2013, due to the elimination of some high premium plans, its move to offer free heart and spine surgery to most employees at six health care centers, and provision of other services, such as access to a healthcare advisor. That is less than the 9% average increase expected for all American workers next year, according to a study by human resources firm Aon Hewitt, though it isn’t clear whether the figures are comparable.

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FINANCE

Best Buy hires former Willilams-Sonoma exec as CFO

BY Staff Writer

Minneapolis — Best Buy has hired Sharon McCollam, formerly CFO of Williams- Sonoma Inc., as CFO, beginning Dec. 10.

McCollam, 50, had been COO and CFO at the home goods retailer before retiring. She also takes the title of chief administrative officer at Best Buy.

McCollam replaces James Muehlbauer, who said he was leaving in October. Muehlbauer will continue to advise the company until the end of the fiscal year in February.

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