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Corporate Governance

  • Barnes & Noble names new head merchant

    Just a few days after reporting an increase in sales growth over the holiday season, Barnes & Noble has named a new head merchant.

    The company announced it has promoted Mary Amicucci to be its new CMO, effective immediately. Amicucci previously held the role of VP of Adult Trade & Children’s Books and will continue to report directly to Jaime Carey, COO.

  • One to watch: Here comes the Corner Store

    CST Brands is not a household name in the retail industry, but it is fast becoming one. The company has ambitious plans to grow through new store construction and acquisitions and just made several key executive moves to help make things happen.

  • Genesco lowers earnings forecast

    Genesco is lowering its earnings forecast for the fiscal year despite a 3% increase in same-store sales over the holiday period.

    The company said same-store sales increased 3% for the quarter-to-date period ended Jan.2. Sales for the company's e-commerce and catalog direct sales businesses increased 20% on a comparable basis for that period.

  • American Apparel gets $300 million bid from group supporting Charney

    American Apparel on Monday said that it has received unanimous approval of all voting classes for its reorganization plan. But also on Monday, the company received a $300 million buyout offer from an investor group that has the support of American Apparel founder and ousted CEO, the controversial Dov Charney.

    The investor group, which is comprised of Hagen Capital Group and Silver Creek Capital Partners, said that its offer is superior to the company's reorganization plan, and has a valuation range of $180 million to $270 million.

  • Walgreens sells 56 Chicago-area clinics to Advocate Health Care

    Walgreens and Advocate Health Care on Monday announced Advocate will own and operate the 56 Healthcare Clinics at Walgreens stores across the greater Chicagoland area. The retail clinics will function as part of Advocate and will be branded as Advocate Clinic at Walgreens, with the first clinic opening under the Advocate banner in May 2016.

  • Christmas shoppers flock to Ollie's Bargain Outlet

    Ollie’s Bargain Outlet is raising its full year outlook after the discount retailer holiday strategy delievered strong sales growth.

    The company annouced that net sales over the holidays increased 23%, while same store sales increased 5.6%.

  • Tech Bytes: Evaluating IT Vendors: Three Lessons from the Dotcom Crash

    For millennials it’s little more than legend, but the dotcom crash of the early 2000s was a very real event for any retail IT professionals of the Gen X or Baby Boomer demographics.

    As retailers prepare to kick off the technology conference/user group season with the upcoming NRF “Big Show,” it might be a good idea to review a few lessons from that era about how to properly evaluate vendors and solutions.

    A Shaky Investment

  • The Container Store can't contain expenses in Q3

    The Container Store is cutting its guidance for the year after the company says expenses led it to report a loss in the third quarter.

  • Santa was good to Toys'R'Us this holiday season

    Toys “R” Us produced surprisingly strong results, especially online, in what is proving to be a holiday season characterized by mixed results from retailers who have disclosed results.

  • Holiday scorecard: Winners, losers and those in between

    In what was arguably one of the strangest holiday season in recent memory – for a variety of reasons – retailers have reported a variety of results ranging from impressive to outright awful.

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