CEO of specialty apparel chain out
The fashion retailer known for its bold, colorful designs is losing its chief executive.
Benetton Group’s Marco Airoldi will resign as of May 16. The board accepted his resignation on Tuesday.
Airoldi joined the company in 2013 – first as a consultant, then as CEO and managing director. During his tenure, he has contributed to the definition and subsequent launch of the company’s refocus and relaunch plan, which targets a selection of markets, stores and the Benetton Group brands.
Board chairman, Francesco Gori will have power over core staff matters, according to the retailer.
Benetton also appointed Tommaso Bruso’ as COO. Bruso’, who is currently CEO of North America at Diesel, started his career at Benetton Group, first in Italy and then in the U.S. He has also been CEO for North America at Fedon and Furla.
Regional drug chain chief exec resigns
Bartel Drugs is on the hunt for a new CEO.
Brian Unmacht resigned his post two weeks ago after two years on the job, senior communications manager Ric Brewer confirmed to Drug Store News.
“He left Bartells two-weeks ago to pursue professional and personal goals that he has,” Brewer said. “Our Executive Team is now running day-to-day operations until the search for a new CEO begins.”
Unmacht is the only non-Bartell family member to be CEO in the company’s history. He previously served as COO at REI and became president at Bartell Drugs in January 2015 and was named CEO in April that year. He was just the fourth CEO in Bartell's history.
Unemployment dips to 4.5%, but retail jobs continue to take a hit
The country’s unemployment rate fell to 4.5% in March, however a volatile retail landscape continues to negatively impact merchant’s payrolls.
The U.S. economy added 98,000 jobs last month, versus 180,000 expected by economists surveyed by Reuters.
However, the number of unemployed persons declined by 326,000 to 7.2 million.
The number of persons unemployed less than 5 weeks also declined, by 232,000 to 2.3 million. The number of long-term unemployed was little-changed, though that number has dropped by 526,000 over the past 12 months.
Most of the gains occurred in professional and business services (56,000, of which 17,000 were related to services to buildings and dwellings), in healthcare (14,000) and in mining (11,000).
Meanwhile, retail trade lost 29,700 jobs — the industry’s second straight month of job losses. Employment at clothing retailers declined by 5,800 jobs last month, and general merchandise stores shed 34,700 positions, according to the report.
As shoppers trade mall visits for online shopping, chains from department store chains to specialty brands are feeling the pinch. It is also forcing brands including J.C. Penney, Macy’s, and most recently, Payless ShoeSource and Bebe Stores, among others, to layoff associates as they scale back their brick-and-mortar operations.