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Corporate Governance

  • How E-Commerce Impacts Retailers’ Personal Property Tax Liability

    An assessor processes your annually filed personal property tax return and assigns a value based on the cost of and age of your store fixtures. Is that assessment correct?    Increasingly the answer is “no” in a fast-changing retail environment in which online sales are turning in-store shelves into museum pieces. Online sales have increased 75.8%, to $341.7 billion, over the past five years alone. Statista forecasts that to double by 2020.  

  • Ulta Beauty steps up store expansion, raises outlook

    A sizzling Ulta Beauty wowed the Street on Thursday, announcing aggressive store expansion at a time when many brick-and-mortar retailers are cutting back. It also upped its outlook.  

  • Department store chain gives more options for loyalty program

    Bon-Ton Stores’ customers now have more opportunities to earn rewards.   The department store retailer, which originally rewarded shoppers for using the chain’s Your Rewards proprietary credit card, can now earn loyalty points for every purchase they make — regardless of how they pay.   

  • Study: RFID commitment doubles

    It has been a long haul, but radio frequency identification (RFID) is finally making its bones in retail.   In 2014, 34% of retailers either implemented or were in the process of adding or piloting RFID. Fast-forward to 2016, and those results have doubled to 73%, according to the “Kurt Salmon RFID in Retail Study 2016.”  

  • A very unusual type of grocer is expanding

    There is no fancy packaging to be seen on the shelves of Bulk Nation.    The Tampa-based grocer sells mostly unpackaged food, ranging from grains and pasta to spices and beans, all sold by weight, the Orlando Sentinel reported.  

  • Another retailer hit with possible data breach

    Specialty retailer Vera Bradley has raised an alert about a possible data breach.   The company said it is investigating a payment card breach that may have affected cards used at the retailer's stores between July 25, 2016 and Sept. 23, 2016. Hackers may have accessed customer data including card numbers, cardholder names, expiration dates and internal verification. Online transactions were not affected.  

  • Save-A-Lot to open 75 stores in fiscal 2017

    Save-A-Lot may be facing a possible spin-off from parent company Supervalu, but the chain is still bullish about its future.    Supervalu is expected to announce the fate of its discount grocery banner next week, the St. Louis Post Dispatch reported, with Toronto private equity firm Onex Corp. the leading bidder if Supervalu does pursue a sale. 

  • Ikea on track for fifth store in Florida

    Ikea is expanding its presence in the Sunshine State.   The home furnishings giant is set to begin construction next month on a store in Jacksonville, its fifth location in Florida, with a planned opening in fall 2017, increasing the Swedish retailer’s presence in the Sunshine State.    Ikea has chosen Marcobay Construction, Lakeland, Fla., to serve as construction manager for the Jacksonville site work and store development project.  

  • E-commerce giant ups holiday hiring 20%

    While most retailers haven’t upped their 2016 holiday hiring over last year, Amazon is not among them.   The e-commerce giant announced it plans to hire more than 120,000 workers in the United States this holiday season, with positions across its network of fulfillment centers, sortation centers and customer service sites.  

  • Abercrombie & Fitch Co. tries on a new — and friendlier — brand identity

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