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Corporate Governance

  • Wet Seal brand to be revived?

    Wet Seal was acquired at a bankruptcy auction by a firm that plans to rebuild the brand.    Gordon Brothers announced it is acquiring the Wet Seal brand and its related intellectual property. The transaction is pending final court approval.   The acquisition includes the other brands within the Wet Seal portfolio, including Arden B, Blink, Chic Boutique and several others.   

  • Meet Warby Parker, MOD Pizza, Sugarfina, Altar’d State, Bentley’s at SPECS

    Four retailers and one fast-casual restaurant chain will be honored with Chain Store Age’s annual Breakout Retailer Awards at SPECS/2017. The awards, sponsored by Paint Folks, recognizes innovative retail and restaurant brands that have crossed the “newbie” line and are well positioned for growth in the coming years.  

  • Big Lots holds steady; store of the future coming

    Big Lots on Friday posted an unexpected decline in total revenue in its fourth quarter as a reduced store count cut into its sales. But the chain’s earnings topped the Street.      The close-out retailer also boosted its dividend and initiated a new share buyback program.  

  • Penney adds cybersecurity expert to board

    J.C. Penney Company has added a former senior advisor to the director of the U.S. National Security Agency (NSA), to its board of directors.   Debora Plunkett is joining the Penney board. Possessing extensive experience in cybersecurity, information assurance and innovation in information security, Plunkett has a deep understanding of the data-driven and interconnected world of today, the retailer said.  

  • Saks Off 5th continues Canadian expansion

    Saks Fifth Avenue is adding to its store fleet up north.   On Thursday, March 9, Saks Fifth Avenue Off 5th will open two new locations in the greater Toronto area,      “This month marks our one year anniversary of entering the Canadian market, and we’re excited to continue our Canadian expansion with two new stores in the GTA,” said Jonathan Greller, president, Saks Off 5th and Gilt.   

  • Yeti, Austin

    A cool store from a cooler (literally) and drinkwear company, Yeti’s first physical outpost celebrates the fast-growing brand, which is known for standing up to the harshest conditions.    

  • Equity One team named to lead DDR

    Equity One CEO David Lukes has accepted the chief executive’s position at DDR Corp., it has been announced in a press release from DDR. Equity One was acquired by Regency Centers in November to form the largest REIT focused on shopping center development.   Two of Luke’s lieutenants at Equity One will join him in leading the Beachwood, Ohio-based company. COO Michael Makinen and CFO Matthew Ostrower will perform the same roles at DDR.  

  • Walgreens names new CIO

    Walgreens Boots Alliance had named a successor to chief information officer Abhi Dhar, who announced in February his intent to resign in order to pursue an entrepreneurial venture.   The company has tapped Steve Turner, who currently serves as Walgreens VP service delivery and infrastructure, as VP and chief information officer, effective April 1.    
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