FINANCE

Report: Penney working with AlixPartners

BY Staff Writer

New York — J.C. Penney has been working with consulting firm AlixPartners, which specializes in turnarounds, for about a month, the Wall Street Journal reported.

Executives at AlixPartners are focused on cash flow management and finding ways for Penney to save money, according to the report.

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OPERATIONS

OfficeMax honored for disability hiring program

BY Staff Writer

Naperville, Ill. — OfficeMax has been awarded the National Employment Team 2013 “Private Sector Business of the Year” by the Council of State Administrators of Vocational Rehabilitation (CSAVR) for its commitment to employing people with disabilities, including veterans.

OfficeMax is one of two organizations — and the only private sector company — to receive this year’s CSAVR distinction.

"OfficeMax is truly honored to be recognized for our commitment to employing associates with disabilities, including disabled veterans," said Ravi Saligram , president and CEO of OfficeMax. "We’re proud of building a diverse and inclusive culture which allows us to improve the products, services and solutions that we provide to our customers."

OfficeMax’s partnership with CSAVR began in 2009 to connect individuals with disabilities to retail and distribution positions nationwide within the company. Since then, OfficeMax has expanded its working relationship with CSAVR and its partner organizations across 17 states. The most recent hiring program, at OfficeMax’s PowerMax distribution center in McCalla, Alabama, has employed more than 35 people with disabilities.

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OPERATIONS

Icing being rebranded; 35 stores on tap

BY Staff Writer

New York — Icing, a division of Claire’s Stores, is being re-branded with a new store design, new logo and updated imagery, Women’s Wear Daily reported.

The jewelry and accessories retailer plans to open some 35 stores this year, including a flagship in Chicago. The new locations will feature the updated design. Existing stores will be remodeled.

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