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Sycamore takes 8% stake in Aeropostale

BY Marianne Wilson

New York — Private-equity firm Sycamore Partners disclosed through a filing with the U.S. Securities and Exchange Commission on Tuesday that an affiliate, Hummingbird LLC, had taken an 8% stake in Aeropostale.

Sycamore through its Hummingbird LLC unit, bought about 6.3 million shares of Aeropostale, according to the filing. That would make it the retailer’s fourth-largest shareholder, according to data compiled by Bloomberg.

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Starbucks promotes CFO to CFO and group president, Global Business Services

BY Marianne Wilson

Seattle — Starbucks Corp. said that Troy Alstead, CFO and chief administrative officer, has been promoted to CFO and group president, Global Business Services.

Alstead’s promotion is a recognition of the increasing responsibility and complexity of his role overseeing Starbucks global financial, technology and supply chain operations and ensuring that the company’s overall business infrastructure is optimized to support the company’s global growth.

“Under Troy’s leadership as chief financial officer for the past five years, Starbucks has delivered an extraordinary experience to our customers as well as exceptional operating performance, financial results and returns for our shareholders,” said Starbucks chairman, president and CEO Howard Schultz. “Troy’s strategic business and financial acumen, discipline and leadership have been instrumental to our short- and long-term growth. As we continue to expand to new markets and channels, his role as group president leading Starbucks Global Business Services will be critical to ensuring the company’s continued success.”

Alstead joined Starbucks in January 1992, when it was a privately held company with just over 100 stores.

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New York & Company selects PeopleAnswers’ human resources solution

BY Marianne Wilson

Dallas — PeopleAnswers and New York & Company announced a software licensing agreement for the specialty apparel chain with more than 500 stores nationwide to use the PeopleAnswers HR-focused business solution to recommend employee candidates who can guide their customers to make smart fashion purchase decisions.

“Effectively hiring, developing and retaining top talent is critical for us to win as a business,” said Faeth Bradley, executive VP, human Resources at New York & Company. “Our continued success will require having the best leaders and associates in all of our stores.”

New York & Company will use the intuitive, cloud-based PeopleAnswers software on its desktop and mobile platforms to evaluate, select and hire for all store positions. Starting initially with 200 store locations, the rollout will include district leaders, store leaders, assistant managers and sales associates. The company plans to ultimately expand to all stores upon proven success of this 200-store launch.

“Our customers come into our stores to find modern wear-to-work solutions that help them look great and feel good,” said Kevin Finnegan, executive VP, global sales at New York & Company. “As a proven, cutting-edge solution used across the retail industry, PeopleAnswers will help us staff our stores with proactive, service-oriented managers and associates who will help our customers feel confident, put-together, attractive, and fashion-right.”

The solution gives New York & Company a consistent employee selection process across all stores that will result in better quality hiring decisions while also helping managers work more efficiently. The valuable data gathered during the hiring process will also be critical in onboarding, and for identifying and developing employees to progress to other positions within the company.

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B.Johnson says:
Sep-27-2013 04:40 am

Hi Wilson, Your site is very interesting and company will be select the employees based on peopleanswers but there using document if you convert into arabic language that very helpful to employees. Vanan Transcription also provides this translation services, if you want more information Click here.

B.Johnson says:
Sep-27-2013 04:40 am

Hi Wilson, Your site is very interesting and company will be select the employees based on peopleanswers but there using document if you convert into arabic language that very helpful to employees. Vanan Transcription also provides this translation services, if you want more information Click here.

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