Corporate Governance

Tech Bytes: Three Tips to Help Women Succeed in Technology
Political feelings aside, the fact remains: When Hillary Rodham Clinton was nominated as our nation’s first official female presidential candidate, history was made. It sets a tone for all going forward — women can achieve anything they have the determination to pursue, regardless of the industry.
Mixed-use project breaks ground at Pittsburgh historic site
Arsenal Park, an often overlooked historical site in Pittsburgh, is now destined to re-emerge as Arsenal 201, a residential and retail project. Milhous Development broke ground last week on the $100 million first phase of the project, which encompasses and entire block between 39th and 49th Streets in the city’s Lawrenceville section. That was the site of the Allegheny Arsenal, a key manufacturing and supply facility for the Union Army where an 1862 explosion took the lives of 78 workers -- the largest civilian disaster of the war.

What you need to know about restrictive use clauses

For retail tenants and landlords alike, use and exclusive use clauses, which refer to the terms written into a lease that dictates what is and is not permitted by both parties, are a critically important part of the tenant-landlord relationship and lease negotiation process. It is also a potentially contentious subject that will not only affect a retailer’s operational specifics, but can have a profound impact on the bottom line.
Off-price retailer continues loyalty partnership

As the loyalty landscape heats up, TJX Companies is renewing its existing program to remain competitive. The off-price retailer announced a multi-year renewal of its partnership with Synchrony, a move that will continue to support financing for its five-year-old Rewards Credit Card program.
Web Accessibility: Why it Matters to all Retailers

More than 200 million Americans will shop online this year. Statistically, nearly 10 million of those shoppers will be visually impaired, more than 10 million will have a hearing impairment and more than four million of those will have severe limitations to their dexterity. For these shoppers, many goods and services offered online might be out of their reach.
Macy’s stays committed to Thanksgiving Day shopping

Macy’s is not joining the ranks of retailers and mall operators who plan to close their doors on Turkey Day. That’s according to BestBlackFriday.com, which tracks retailers' holiday hours and promotions. The research company said it received confirmation from five U.S. shopping centers that their Macy's locations would open at 5 p.m. Thursday.
Investor seeks shakeup at Pier I

New York investment management firm Alden Global Capital is not happy with the board — or the CEO — of Pier I Imports. Alden, the retailer’s largest active institutional investor, is demanding a shakeup of the Pier 1 board, reported the Dallas Business Journal.
Supervalu in $1.36 billion cash deal to sell Save-A-Lot

Supervalu has found a buyer for its discount grocery business, Save-A-Lot. Supervalu agreed to sell Save-A-Lot to Onex Corporation, a Toronto-based private equity firm, for $1.365 billion in cash. As part of the agreement, Supervalu will provide professional services to Save-A-Lot for five years. The sale is expected to be completed by January 31, 2017, subject to regulatory approvals and other customary closing conditions.
Macy’s and Apple make history

Macy’s on Friday became the first department store retailer to open an in-store Apple shop. The shop is located on the main floor of Macy’s New York City flagship in Herald Square. Similar to in-store Apple shops at Best Buy, it features light wood tables. The product line-up includes iPhones, iPads, MacBooks, and Apple watches.
North Face offers immersive experience on Fifth Avenue

The great outdoors has come to Fifth Avenue — courtesy of The North Face. The retailer, a division of VF Corp., is opening a two-level, 20,000-sq.-ft. flagship in the old Manufacturers Trust Company building, a New York City landmark of modernist architecture. (The official opening date is Oct. 26.)
Apple’s new tree-filled flagship

Apple has re-opened its 12-year-old London flagship after a major overhaul that reflects the company’s updated store strategy. Located on Regent Street, the redone space has an airy look and natural feel, with an open glass façade, high ceilings, oversized windows and plenty of room to move around. The increased ceiling height allowed for the addition of twelve Ficus Ali trees, complete with planters that double as a comfortable place to sit. Two “living” walls are covered with greenery.
The most expensive street in the world for retail is…

Thinking about setting up shop between 49th and 60th Streets on Manhattan’s Fifth Avenue? Better be prepared to pay big bucks. The upper part of Fifth Avenue is the most expensive retail street in the world (based on rental value), with rents rising to a whopping $3,500 per square foot in 2015, according to the 27th edition of Cushman & Wakefield’s report, Main Streets Across The World.