Skip to main content

Corporate Governance

  • Analysis: DSW on sound footing for better growth

    Overall, this is a solid set of results from DSW which shows the company is moving in the right direction. The 0.6% rise in comparable sales may not be spectacular, but given it is the first time in over two years that the measure has been positive, we see it as an encouraging sign.  

  • Woodbury Common agrees to drop New York trade restrictions

    Simon Property Group has agreed to a settlement with the office of New York State Attorney General Eric T. Schneiderman that will have it loosening its stranglehold on the outlet business in Metropolitan New York.   Schneiderman maintained that Simon’s Woodbury Common outlet center in the Hudson River Valley owned a virtual monopoly in the region — including New York City — by virtue of a clause in tenant leases that forbid the opening other outlet stores within a 60-mile radius.   

  • Macy's consolidates merchandising ops, cuts 100 jobs

    Macy's is streamlining its merchandising operations, expanding its exclusive products and putting increased emphasis on customer insights and data analytics as new CEO Jeff Gennette begins to make his mark on the ailing department store giant.       

  • Sears inks new licensing agreements for two top brands

    Sears Holdings is expanding the distribution of two of its iconic brands.   Cleva North America will manufacture vacuum cleaners and floor cleaning accessories under the Kenmore and Kenmore Elite brands. The company will be able to sell the products to retailers around the world.   

  • Build-A-Bear Workshop completes strategic review

    Build-A-Bear Workshop is holding steady.   The specialty retailer's board of directors has completed its review of strategic alternatives and authorized a share repurchase program of up to $20 million. Build-A-Bear initiated the review in May 2016 after a sharp decline in net income in its first quarter, saying at the time that it would consider "all" options to boost shareholder equity, including a sale.     

  • Old Navy joins historic makeover in Michigan

    Presidential candidate John F. Kennedy delivered a stump speech there not long after it opened in 1960. Legions of thriving General Motors employees kept it thriving for decades. But Tech Plaza in Warren, Michigan, suffered a crushing blow when Walmart left in 2008, and the center was nearly vacant when Detroit-based Petzold Enterprises acquired it in 2014.  

  • H&R Block taps former Target and Uber exec as CEO

    The man who resigned from the number two position at Uber after six months on the job has been named chief executive of the nation's largest tax preparer.   H&R Block named Jeffrey J. Jones II president and CEO, effective Oct. 9, 2017. He will succeed Tom Gerke, who will continue to serve as interim president and CEO until then. Gerke will remain general counsel and chief administrative officer.  

  • DSW puts best foot forward

    Discount footwear retailer DSW topped analysts’ predictions for the second quarter fueled by an unexpected increase in same-store sales.   Net income was $28.6 million, or 35 cents a share, in the quarter that ended July 29, compared with $25 million, or 30 cents a share, in second quarter 2016.   Sales rose 3.3% to $680.4 million. Same-store sales edged up 0.6%, the first positive comp quarter since 2015. Analysts had expected same-store sales to fall 2%.   
X
This ad will auto-close in 10 seconds