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Corporate Governance

  • Call for Entries: Retail Design Institute’s annual store design competition

    Design firms and in-house retail design teams from around the globe are invited to submit projects for the Retail Design Institute’s 45th annual international store design competition.

    The competition celebrates exceptional retail experiences across more than 20 categories from full-line department stores and specialty shops to restaurants and pop-ups. In addition, a single "Store of the Year" will be chosen from among the winning entries.

  • Bobrick acquires youth seating line

    Bobrick Washroom Equipment has acquired the commercial youth seating line (high chairs, boosters and infant cradles) of Central Specialties, Crystal Lake, Illinois.

    Koala Kare Products (KKP) Centennial, Col., a division of Bobrick, will be responsible for the sales, marketing and distribution of the product line with its current offering in the foodservice and hospitality markets.

  • Amazon adds semi-truck fleet to its expanding transportation network

    Amazon drones may still be in the future, but Amazon trucks are ready now.

    The Internet giant on Friday said it has purchased thousands of trailers that it will deploy in shipments to shuttle inventory along its supply chain, but not to customer homes. The Amazon-branded trailers will be pulled by tractor trucks provided by existing third-party transportation partners.

    Amazon made the announcement at an event in Chicago where employees prepared 2,000 care packages to be sent to soldiers overseas. The packages included Amazon Fire tablets.

  • Dov Charney in comeback attempt at American Apparel

    The founder and ousted CEO of the embattled American Apparel is nothing if not determined.

    Charney said he has hired Los Angeles-based Cardinal Advisors to evaluate options as he explores plans with new and existing investors and industry executives to revive the company, which filed for bankruptcy in October.

  • Sears Hometown and Outlet sales decline

    Sears Hometown and Outlet stores narrowed its loss in the third quarter despite weak sales growth in the appliance and garden categories.

    The retailer said same-store sales decreased 1.6% in the third quarter ended Oct. 31. Net sales fell 3.2% to $547.1 million as the company reported a loss of $3.8 million, or 17 cents a share, compared with a loss of $171.2 million, or $7.55 a share, a year earlier.

  • Barnes & Noble swings to loss on lower sales

    Barnes & Noble posted disappoint results for its second quarter, but sounded a positive note about holiday sales.

    The company posted a wider-than-expected loss of $39.2 million, or 52 cents per share, for the quarter ended October 31, compared to a profit of $12.3 million, or 12 cents per share, a year ago.

    Losses, adjusted to account for discontinued operations and severance costs related to the spinoff of its college bookstore division, were 28 cents per share.

  • Simon center and Neiman Marcus team up on ‘fantasy gifts’ displays

    Roosevelt Field in Garden City, New York, is offering shoppers an up-close look at some unusual and pricey holiday gift suggestions.

    The center, owned by Simon, has teamed up with Neiman Marcus for the first ever Neiman Marcus' 2015 Fantasy Gifts public installation.

  • Report: Barnes & Noble's plans for the future involve a lot more than books

    Barnes & Noble’s new CEO Ron Boire, who took the reins of the company in September, wants to transform the chain into a “lifestyle brand” by expanding its selection of toys, games, gadgets and other gifts, according to a report in The New York Times. [The New York Times]

  • Woes persist at J.Crew; names retail vet as CFO and president

    J.Crew Group didn’t get any relief in its third quarter. On the heels of another decrease in sales and a widening loss, the company is bringing in a former Ann Inc. executive to help turn things around.

    J.Crew posted a net loss for the third quarter of $759.7 million, compared to a loss of $607.8 million in the year ago period. (The retailer noted that both this year and last year reflect the impact of pre-tax, non-cash impairment charges of $845.9 million and $684.0 million, respectively.)

  • Giant Eagle flies to the cloud

    The latest autumn migration involves grocery chain Giant Eagle.

    The Pittsburgh-based, 420-plus-store retailer is in the initial stages of overhauling its IT infrastructure with a hybrid cloud solution from IBM Cloud. The new solution, based on IBM Cloud's SoftLayer Infrastructure as a Service (IaaS), is designed to provide Giant Eagle flexible, consumption-based pricing, as well as faster procurement and customized deployment of applications.

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