Finance & Capital Management

Milan, Italy -– Enrico Cavatorta, who accepted the role of CEO at global eyewear manufacturer/retailer Luxottica Group in September 2014, has resigned due to what the company termed disagreements with corporate governance structure. Board member Roger Abravanel also resigned for the same reason.  

Duluth, Minn. –- Maurices is ramping up its store openings in time for the holiday season with plans to open 16 new stores. These expansions will give the girls’ apparel retailer a total of 938 locations, advancing it toward its goal of having more than 1,300 stores in the United States and Canada.   

New York -- Two-thirds of Americans are limiting how much they spend each month. According to a new Bankrate.com report, of those limiting their monthly spending, 32% cite stagnant income as the main reason and 29% cite the need to save more.   

Ann Arbor, Mich. -– Domino’s Pizza Inc. named Richard E. Allison, 47, president, Domino's International.   Allison has been with the company since 2011 and has led its international division since that time, succeeding Michael T. Lawton, current CFO, who ran the division prior to Allison. Prior to Domino's, Allison spent more than 13 years at Bain & Company, where he was a partner and co-leader of the firm's restaurant practice.   

Merrillville, Ind. -- DirectBuy, the membership-based buying organization that enables consumers to purchase from manufacturers and suppliers without retail markup, has named a new executive leadership team. This new team is led by new CEO Mike Bornhorst, who comes to DirectBuy after spending time in leadership positions with companies such as ADT and Culligan Water.   

Boilingbrook, Ill. -- Ulta Beauty has named Michelle Collins, president of Cambium LLC, a business and financial advisory firm to its board of directors, and as a member of its nominating and corporate governance and audit committees, effective Oct. 13, 2014.   

Plenty of retailers pay dividends, but none comes close to matching the track record of Stanley Black & Decker.

The company declared a 52 cent a share dividend for its fourth quarter and in so doing set a mark no retailer is likely to ever attain.

Online referral service provider Angie’s List plans to increase the size of its headquarters in Indianapolis and increase the workforce to 2,800 people within five years.

Angie’s List, a review drive enterprise that helps facilitate transactions between more than 2.8 million consumers and service providers in 720 categories, said it plans to grow its base of employees from 500 in 2011 to roughly 2,800 by 2019. The company said the expansion was enabled in part by an attractive incentive plan from the City of Indianapolis and State of Indiana.

The Maurices division of Ascena Retail Group is rolling toward a footprint of more than 1,000 locations with a new round of stores opening in advance of the holidays.

Maurices plans to open sixteen locations before November 10 giving the Ascena subsidiary a total of 938 locations. The company contends the U.S. and Canada can support more than 1,300 locations.

Leading cosmetics retailer Ulta Beauty named veteran financial industry executive Michelle Collins to its board.