Corporate Governance

Amazon fulfillment center to rise on site of ‘World’s Biggest Mall’
The Randall Park Mall outside of Cleveland was part of retail history in the mid-70’s when it debuted as “The World’s Biggest Mall.” Now the site becomes woven into the retail narrative of the 21st Century.
The top destination for U.S. holiday shoppers will be....
Expect an Amazon-dominated holiday retail season among U.S. consumers this year, with the e-commerce giant being the top destination for shoppers.

Perfumania files Chapter 11; to close more stores

The nation's largest discount retailer of perfumes and specialty celebrity and designer fragrances has filed for bankruptcy protection with a goal of moving its business forward — and closing more stores.
Planalytics issues initial estimate on lost retail sales due to Hurricane Harvey

Hurricane Harvey, the first Category 4 Hurricane to make U.S. landfall since Charley in 2004, is poised to have the same, if not larger, economic impact.
Abercrombie continues global expansion with partners

Abercrombie & Fitch Co. is entering a new market in the Middle East. The teen retailer announced that, in partnership with Dubai-based Majid Al Futtaim, it will open the first Abercrombie & Fitch store in Saudi Arabia, at the Red Sea Mall in Jeddah. The store is part of the previously announced franchise agreement between Majid Al Futtaim Fashion and Abercrombie.
GNC steps up online payment options for Chinese customers

A wellness retailer is making is easier for its Chinese shoppers to make online purchases. By partnering with Alipay, GNC Holdings is enabling all registered users of the payment platform in China to purchase vitamins, supplements, minerals, herbs, sports nutrition, diet, and energy products on its e-commerce site. Besides being a leading online payment provider in China, Alipay has 520 million registered users that access the platform to make online and mobile payments.
Regulatory Wrap-Up: Governor of Illinois vetoes minimum wage hike

Wages
Westfield Century City breaks into show biz

With traditional anchors closing shop, malls nationwide are struggling to make themselves part of the entertainment business. None, however, are likely to do it as literally as Westfield’s Century City.
Day One: Amazon makes its presence known at Whole Foods stores

Amazon found a savvy way to remind customers that it now owns Whole Foods Market.
Athletic footwear retailer adopts poison pill; lowers guidance

The Finish Line's board on Monday adopted a shareholders right plan as the retailer warned of a grim second quarter and a steep decline in sales and profits for the year.
Ulta Beauty beats Street; on track to open 100 stores in 2017

Ulta Beauty turned in another winning quarterly performance, besting analysts' earnings and sales estimates. The beauty powerhouse also raised its fiscal 2017 guidance. One of the few specialty retailers with an aggressive store opening program, Ulta Beauty said it remains committed to opening 100 new locations in 2017. It will also remodel 11 stores and relocate seven others.
Discount retailer outperforms in Q2

Big Lots topped Street estimates in its second quarter as shoppers continue to seek out bargains. Net income rose 28.2 % to $29.1 million, or $0.67 per diluted share, in the quarter ended July 29, 2017, from adjusted income of $23.4 million, or $0.52 per diluted share, in the year-ago period. Analysts had expected the company to earn $0.62 per share