Corporate Governance

Pitney Bowes isn’t the first name that comes to mind when thinking of e-commerce, but the global technology company is out to change that perception by doing something for the first time in two decades.

Nordstrom is launching a new national marketing campaign withprint, digital and video components as the retailer seeks to improve its connection with younger customers.

Pier 70, the extensive waterfront redevelopment project in San Francisco, has announced its first official tenant and it’s a big one.

Restoration Hardware will open a five-story, 60,000-sq.ft. gallery-store in the historic Bethlehem Steel building. The high-end home furnishings retailer, slated to open in 2017, will be a subtenant of Orton Development, which master-leased eight buildings along 20th Street that will comprise the core of Pier 70.

New York -- Brixmor Property Group announced today that it has named Daniel Hurwitz, former CEO of DDR Corp. and the founder and CEO of Raider Hill Advisors as Interim CEO, effective immediately. Hurwitz will also be appointed to serve on the company's board of directors.

The company also announced that CEO Michael Carroll, president and CFO Michael Pappagallo, and chief accounting officer Steven Splain, along with an accounting employee, have resigned, effective immediately. Carroll has also stepped down from the company's board of directors.

Houma, La. -- X Team International announced that partners Venture Commercial Real Estate and SRSA Commercial Real Estate completed a 20,023 sq. ft. lease for Northern Tool + Equipment in Houma, Louisiana, at the Houma Power Center.

This location will be Northern Tool + Equipment’s second in Louisiana, and will join a strong tenant mix including: Old Navy, Burkes Outlet, Shoe Carnival and Pier 1 Imports.

Kohl's is leveraging the popularity of the Oscars to kick-start the retailer's spring marketing campaigns in true omnichannel style.

The retailer announced that for the first time ever, the company will be the exclusive retail sponsor of the Oscars, which air this month.

Some of the biggest names in e-commerce are part of a new investor index designed to track the performance of the online retail market.

San Diego-based EQM Indexes LLC, created the index (ticker symbol: IBUYXT) to track the combined performance of 40 to 50 global stocks that derive at least 70% of their revenue from online retail and virtual commerce including the online retail, online marketplace and online travel market segments. The companies that make up the index can be seen here.

A high single digit decline in retail traffic in November and early December caused retailers to cut orders of HanesBrands products, but not enough to keep the leading apparel suppliers from posting impressive profit growth and its third consecutive year of record sales.

HanesBrand’s fourth quarter sales woes highlight the weather related difficulties experienced by retailers, the negative effect on traffic and the subsequent margin pressure that was created as retailers had to intensify promotional activity to move merchandise.

JCPenney is pursuing a possible sale and partial leaseback of its headquarters building in Plano, Texas, as part of an ongoing effort to reduce debt and manage expenses.

The company announced Friday that a combination of favorable market conditions and a surplus of available square footage within the building make this an attractive real estate opportunity.

Lululemon Athletica will open the first U.S. outpost of the brand’s design incubator “lab” format in downtown Manhattan, in March.

It’s only the second location for the unusual concept. The first, opened in 2009, is in the company’s hometown of Vancouver, British Columbia.