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Corporate Governance

  • J.C. Penney ups the ante with Apple Pay

    A department store retailer is stepping up its mobile game — in more ways than one.   J.C Penney now accepts Apple Pay across all of its stores nationwide. This addition enables customers to electronically pay with multiple versions of the iPhone and the Apple Watch.   

  • Luxury retailer launches online in China

    Louis Vuitton is making a move to grab its share of the booming online shopping market in China.   The French fashion brand quietly debuted an e-commerce website that sells leather goods, small leather goods, shoes, accessories, watch and jewelry, luggage, and perfume. The site marks Louis Vuitton’s 11th e-commerce market since it launched its first site in France in 2005, according to CNBC.  

  • Regulatory Wrap-Up: Where state and national policy impact retail

    Wages

    USDOL Tip Pooling Rule: The Labor Department will propose rescinding its regulations for tip pooling. The Obama administration issued rules that prohibited employers from redistributing tips to non-tipped employees, such as "back of the house" workers. Business groups oppose the rule and an association-backed lawsuit is still pending in the courts.

  • Abercrombie expanding in a big way in China

    Abercrombie & Fitch is setting its sights on Chinese teens in a new partnership with China's online giant.   The retailer will start selling its namesake brand and Abercrombie kids line on Alibaba Group's Tmall website, starting on July 26. Tmall, which is China's largest consumer website for brands and retailers, has carried Abercrombie's Hollister brand since 2014.  

  • Study: Online glitches jeopardize customer trust

    Websites with technical difficulties do more than frustrate shoppers — they damage a brand’s reputation.   This was according to a new survey from QualiTest Group. The report, which was conducted with Google Consumer Surveys in June 2017, was based on a sample of more than 1,000 respondents from the United States between the ages of 18 and 54.  

  • Is the athleisure market overcrowded?

    The hottest trend in the apparel market may be at risk of over-supply.    While athleisure remains popular with consumers, too many retailers have entered the category, reported CNBC.  

  • Teen apparel retailer names new finance chief

    The search is over.    The Buckle named Thomas B. Heacock as VP of finance, treasurer and CFO, effective July 20. As CFO, he replaces Karen B. Rhoads, who in May announced her intention to retire. Rhoads will assist in the transfer of her duties and responsibilities to Heacock, and will continue to serve as a member of the company’s board.   

  • Amazon’s fulfillment arm will pay full price to bolster global inventory

    Amazon is making its marketplace sellers an offer that is hard to refuse.   The online giant’s Fulfillment by Amazon (FBA) division is rolling out a new program that will buy products from third-party merchants at full price, then sell them to consumers across the globe. The program is a move to build Amazon’s global inventory, according to CNBC.  
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