Doug Ewert takes the Men’s Wearhouse reins
Houston — Men’s Wearhouse announced Wednesday that Douglas S. Ewert has officially succeeded founder George Zimmer as the company’s president and CEO.
The announcement was made at the retailer’s Annual Shareholder Meeting. As previously announced, Zimmer will continue as executive chairman of the board of directors.
Collective Brands CEO resigns
Topeka, Kan. — Collective Brands, parent to the Payless ShoeSource and StrideRite brands, announced Wednesday that its chairman and CEO Matthew E. Rubel has resigned, effective immediately.
Rubel said in a release that he is leaving to pursue “a new chapter” in his career, and the company has offered no additional explanation.
Collective Brands said it is searching for a permanent replacement.
Rubel, who hailed from the Cole Haan division of Nike, assumed the CEO position for Collective in 2005. The company has struggled with weak customer traffic in the United States recently, although wholesale operations and international business have been bright spots.
Until it finds a permanent replacement, Collective has named its international head Michael J. Massey as interim chief. Massey is senior VP, general counsel and secretary, and leads international growth and overall business development. Massey has told the search committee he isn’t interested in permanently succeeding Rubel.
Collective Brands also named D. Scott Olivet as nonexecutive chairman.
Macy’s tentative agreement averts strike in NYC
New York City — Macy’s and some 4,000 of its New York-area workers said Thursday they have reached a tentative contract agreement after a night of negotiations.
The agreement, if ratified, will avert what could have been the department store chain’s first strike in nearly 40 years.
"Following an all-night negotiating session, Macy’s is pleased to have reached a tentative agreement with Local 1-S of the RWDSU on a new five-year agreement," Jim Sluzewski, Macy’s spokesman, said.
The current contract, signed in 2006, was extended by 45 days in early May and expired at midnight on Wednesday.
"We look forward to a ratification of the agreement by our associates, and to serving our customers without interruption,” Sluzewski added. “This tentative agreement reflects tremendous efforts by company and union negotiators over the past several weeks to reach an agreement that addresses the economic and business realities of the retailing industry.”
The deal will face a vote by union members, and details have not been disclosed.