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Corporate Governance

  • It’s hot in Texas: Another new project for North Dallas

    One of the fastest-growing regions in the nation--in both jobs and population — will be home to another retail-heavy mixed-use project.   RPS development and High Street Residential, a Trammel Crow unit, will be building 342,000 sq. ft. of retail and restaurant space encompassing 23 buildings in Allen, Texas, according to the Dallas Morning News.  

  • Sporting goods giant opens its first U.S. store

    A new retail experience is giving shoppers — and sports fans — the chance to feel like a professional athlete.   Mizuno, one of the world’s largest specialty sporting goods manufacturers and the official baseball gear partner of the Atlanta Braves, has entered the U.S. retail arena with the opening of The Mizuno Experience Center. It is the first retail store to open at The Battery Atlanta, a 400,000 sq. ft. mixed-use development located just outside the Braves’ new home, Sun Trust Park.   

  • Teen apparel retailer closing hundreds of stores

    Tough times have caught up with Rue 21.   The struggling teen apparel chain plans to close nearly 400 stores nationwide, the Associated Press reported. The shutterings will leave the retailer with about 700 stores nationwide.   Rue 21 confirmed the news in a post on its Facebook page, calling it a “difficult but necessary” decision.   

  • Cabela's revises deal with Bass Pro

    Bass Pro Shops has lowered its bid for Cabela’s.   Under the amended merger agreement, Bass Pro will acquire Cabela’s for $61.50 per share in cash for a total deal value of approximately $5.0 bil-lion. On October 3, 2016, Bass Pro has agreed to pay $65.50 per share in cash for Cabela’s in a deal valued at $5.5 billion.  

  • Crate & Barrel CEO out

    The chief executive of Crate & Barrel is out after less than two years at the top.   Doug Diemoz left the home furnishings retailer last week. Most of his responsibilities will be taken over by Neela Montgomery, board chair of Otto Group, the privately owned German company that owns Crate & Barrel, according to Crain’s Chicago Business.  

  • Citibank exec joins Walmart’s digital team

    Walmart has appointed Rahul Joshi as senior VP, customer care, U.S. eCommerce, effective immediately.       Joshi joins the discounter after more than 25 years at Citibank, most re-cently as the head of consumer operations in Asia, where he successfully led customer-focused teams. He reports to Marc Lore, president & CEO, Walmart U.S. eCommerce.   

  • Specialty chain integrates omnichannel processes

    To the key to omnichannel success is having access to synchronized, and up-to-date business information.   Mattress Firm is partnering with Visionet Systems to create a centralized information repository that integrates all business information across retail channels in near real-time — a move that will improve operational efficiency enterprise-wide.  

  • Bobbi Brown opening lifestyle shop

    Lord & Taylor has entered into a partnership with make-up icon Bobbi Brown.   The department store retailer appointed Brown as creative consultant, and has launched an in-store shop concept, justBobbi, at select Lord & Taylor locations, including its Manhattan flagship, and online. The initiative is the first Brown has entered into since her recent departure from Bobbi Brown Cosmetics, which she founded in 1991.  
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