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Corporate Governance

  • Kohl’s tops Street

    Kohl’s Corp. beat analysts’ expectations for the second quarter even as its sales continued to show weakness.     The retailer posted a profit of $140 million, or 77 cents a share for the quarter ended July 30, compared with $130 million, or 66 cents a share, in the year-ago period. Excluding certain items, earnings rose to $1.22 a share from $1.07 a year ago.   Revenue fell 2% to a better-than-expected $4.18 billion. Same-store sales fell 1.8%.  

  • Retailers Take the Guesswork Out of Back-to-School

    The back-to-school season is now in motion, kick-starting a series of peak holidays for retailers. Everything that follows is an opportunity.  

  • Marine Layer is latest new-to-Kentucky tenant at The Summit

    Bayer Properties’ plan for drawing shoppers to its new $156 million mixed-use development in Lexington, Kentucky, could be one that catches on in other rural regions: Recruit retail tenants that are not new to the universe, but new to the state.   So when it opens next spring, the retail roster at The Summit at Fritz Farm will include Bonobos, Cos Bar, Shake Shack, J. McLaughlin, Brooks Brothers, and — just signed this week — Marine Layer.  

  • Edens to make Buckhead center over with local retailers

    Andrews Square in the Buckhead section of Atlanta is being infused with local flavor.    Signed as the new anchor at the center in the affluent neighborhood’s West Village section is Lucy’s Market, a purveyor of organics, fresh produce, and prepared meals owned by West Village resident Kim Wilson.   Center owner Edens is in the midst of a makeover of Andrews Square intended to make it blend with the local landscape and culture.  

  • Macy’s in big store closing move

    Macy’s Inc. announced that it will close 100 full-line namesake stores as part of a wider effort to improve its business and succeed in an omnichannel environment. The move comes after six straight quarters of declining same-store sales.      The department store giant said it plans to concentrate its resources on the best-performing locations, and to invest in those stores by adding new vendor shops, increasing the size and quality of staff and new technology.  

  • Walmart teams up with personal care brand on new girls campaign

    Walmart, along with organizations around the world, has teamed up with personal care brand Always to contribute to the goal of keeping girls in sports with a new campaign.   The Always #LikeAGirl – Keep Playing program will partner with UN Women to help girls build and maintain their confidence through sports. In the U.S., Always will support Girls on the Run programs and work with Walmart to help keep girls in sports.  

  • Study: EMV pushing aside other payment priorities

    Reducing credit and debit card fraud by implementing EMV chip card acceptance has become retailers’ top payment issue in 2016.    

  • Report: Supermarket spin-off could be soon

    Supervalu is moving closer to spinning off its Save-A-Lot discount grocery banner.   The latest SEC filing by Supervalu is its most thoroughly documented to date, and details a 60/40 stock split of Save-A-Lot once it goes public, Twin Cities Business reported.   

  • Amazon vet joins Target

    Target Corp. has tapped another veteran of Amazon to join its supply chain team.   The retailer announced that it has appointed Preston Mosier as senior VP, fulfillment operations, effective Aug. 14.  

  • Expanding Canadian menswear start-up makes U.S. debut

    Surmesur, a custom menswear retailer, has dropped anchor in the United States.    Surmesur, which blends traditional tailoring methods with technological innovation, recently opened its seventh store to date, and first in the United States, in Pittsburgh. It’s the first of several new stores the company plans to open in the coming months, including one in Chicago and other major centers both in the U.S. and in Canada.  

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