Strategy

Outdoor retailer Sportsman’s Warehouse is off to a rough start as a newly minted public company, reporting an 18.1% decline in first quarter same store sales as firearms and ammunition sales evaporated.

New York — Steve Sadove, former chairman and CEO of Saks Inc., has asked consulting firm Marvin Traub Associates to launch a new division focused on  innovative technologies, concepts and platforms in the retail and consumer industries. Sadove is heading up the new Traub Accelerator division as co-founder, and will also advise Traub’s traditional clients and join the board of directors.

New York — Target Corp. announced at its annual meeting on Wednesday that the company’s shareholders re-elected its entire 10-member board of directors. Shareholders also approved the company’s executive compensation plan.

In May, proxy firm Institutional Shareholder Services recommended the removal of seven board members, accusing them of failing to protect Target from its massive data breach.

Lowe's continues making advances in retail innovation with its new Innovation Labs and the first concept to come out of the lab — the Lowe's Holoroom.

Lowe's created the lab to build new technology to solve common consumer frustrations while working alongside startups, universities, specialized professionals and other companies.

Kohl’s has further endeared itself to residents of America’s Dairyland with a sizable donation to the Children’s Hospital of Wisconsin.

Vancouver, Canada — Lululemon Athletica Inc. founder Chip Wilson announced that he voted against the re-election of Michael Casey and RoAnn Costin to the board of Lululemon Athletica. Wilson, who founded the company in 1998, had been living in Australia and was asked by the company to return and deal with a quality control issue that resulted in a product recall during 2013.

Lululemon founder Chip Wilson has voted against the re-election of Michael Casey and RoAnn Costin to the company’s board of directors.

Wilson founded the company in 1998, and has seen it evolve through many business cycles, expanding it from a small storefront in Vancouver to an international brand with more than 250 stores.

Brussels, Belgium — The European Union (E.U.) is investigating lucrative tax breaks individual member countries such as Ireland, the Netherlands and Luxembourg have been giving major global companies including Starbucks and Apple. Media reports indicate the E.U. is focusing on whether certain tax loopholes these countries have provided some corporations qualify as “state aid,” which is prohibited under E.U. bylaws.