FINANCE

Della Valle increases stake in Saks

BY CSA STAFF

New York City A report released Thursday by the Financial Times said that Diego Della Valle, the Italian owner of luxury shoe brand Tod’s, has increased his shares in Saks to just under 20% and may seek a position on the retailer’s board.

In a regulatory filing, Della Valle said he may hold discussions with both management and other leading shareholders on “potential strategies for strengthening and further enhancing” Saks’ operations.

The filing said he and his investment company might also “decide to become strategic and long-term shareholders of the issuer and, in such case, they would consider seeking representation on the board of directors” of Saks.

Della Valle first took a significant stake in Saks in April last year, and announced on Monday that he had increased his holding to just over 11%. This latest increase makes him Saks’ largest shareholder and places him just below the level to trigger a poison pill shareholder rights agreement.

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MARKETING/SOCIAL MEDIA

Starbucks launches in-store digital network

BY CSA STAFF

Seattle — Starbucks on Wednesday launched an in-store digital network for customers with mobile devices, in a partnership with Yahoo.

The network will provide customers with six channels: News, Entertainment, Wellness, Business & Careers, My Neighborhood and Starbucks. It is powered by free WiFi and developed for screens big and small. Customers with WiFi enabled laptops, tablets or smartphones can visit the network while in line or while enjoying their favorite beverage in the cafe.

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OPERATIONS

Century 21 automates hiring process with Kronos solution

BY CSA STAFF

Chelmsford, Mass. — Century 21 Department Stores has chosen Kronos’ selection and hiring solution to manage the end-to-end hiring process for its 3,500 employees. With the solution, the retailer anticipates a 50% reduction in the time it currently spends on hiring new employees for its retail stores and corporate office.

Century 21 Stores was looking for a way to reduce turnover and make smarter hires. The Kronos solution allows the organization to focus only on the best applicants for Century 21 by offering managers and recruiters for Century 21 stores guidance, structured interview guides, and assessment results aimed at making the best hiring decision.

The solution also will enable Century 21 to improve workforce productivity by automating the entire hiring process, from receiving electronic applications and resumes to complete onboarding with e-Signature.

"The primary reason we selected Kronos is that it provides an end-to-end solution for both our corporate and store employees and its behavioral assessments,” said Jenifer Thoma, director, human resources, Century 21 Stores.

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