Corporate Governance

The president and CEO of Macy's, Jeff Gennette, and Google's president of global partnerships, Daniel Alegre, will be among the headliners at Shoptalk 2018, the nex-gen retail and e-commerce event.   Also on the bill: Alon Cohen, president and co-founder of Houzz, the home furnishings and design site. Shoptalk's final agenda will feature more than 400 speakers, an increase of 25% over 2017’s event.  

Early signs from retailers indicate a hot job market for workers this holiday season.    Despite store closures and consolidation within the industry, retailers are signaling that there might be high demand for seasonal jobs, according to a forecast from global outplacement and executive coaching firm Challenger, Gray & Christmas.   

Office supply retailer Office Depot has tapped a 30-year marketing veteran to lead its marketing efforts.    Office Depot announced that Jerri DeVard has been appointed executive VP and chief marketing officer. She will report directly to Office Depot CEO Gerry Smith.  

A patent that changed how customers make purchases online has expired — and opened up new opportunities for competitors.   The “1-Click” patent filed by Amazon in 1997, expired Tuesday. As a result, any brand can now feature this functionality on their own e-commerce site, according to C-Net.  

eBay has made a play to make a name for itself as a luxury shopping destination.    The online merchant is partnering with Spring, a shopping app and website that features 1,500 luxury brands, from Prada, Gucci, and Saint Laurent to David Yurman, Rag & Bone, Mango and Chloe. By featuring the company as a marquee seller, eBay will feature a dedicated Spring storefront where shoppers can find, browse and purchase luxury items curated in one location.  

West Marine has gone private.    Monomoy Capital Partners announced Thursday that it has successfully completed the acquisition of West Marine for approximately $337 million, or $12.97 per share. The transaction was originally announced at the end of June.   

Amazon is further bolstering its presence in The Wolverine State.   The online giant will open a new, 1 million sq. ft. fulfillment center in Shelby, Michigan. The building is set to open in 2018.   The warehouse will focus on picking, packing and shipping large items, like household decor, sporting equipment and gardening tools. These operations will be managed by approximately 1,000 associates, according to Amazon.  

Target Corp. is adding more health clinics to its stores.    Target is opening clinics staffed and operated by Kaiser Permanente in 31 of the chain's stores In Southern California. The expansion builds on an existing collaboration the two companies launched in 2014.  

DSW Inc. is making good on its promise to create a foothold in the Persian Gulf.   The footwear giant opened of its first warehouse store in the Kingdom of Saudi Arabia. The new 15,000-sq.-ft. store is located at the Mall of Dhahran.   

Uncertainty has always been a part of the retail industry, but today it is reaching unprecedented levels. Far too many retailers have let that online monster that’s under the bed get into their heads and influence their strategic decision and resource allocation. But is that monster really vicious?