Corporate Governance

The online retailer is expanding its presence in California.   Amazon has pre-leased an additional one million sq. ft. of logistics space from Goodman Commerce Center Eastvale, California, according to a statement by Goodman. Goodman will construct the logistics center for Amazon.  

Despite an earlier report to the contrary, Walmart is not combining its online and store buying functions.   Reuters had reported that the discounter was combining its online and store buying operations as it moves to make itself more competitive with Amazon. The report was picked up by numerous media outlets.   Based on information from Walmart, however, the chain is not merging the stores and walmart.com buying teams. The two will continue to operate as two separate teams.  

For the first time ever, Amazon has released data that details how much money its Prime membership program and other subscription services bring in.    Amazon disclosed in its latest annual filing that it brought in $6.4 billion from Amazon Prime and other subscription services, Bloomberg reported.   

A key advisor to Amazon CEO Jeff Bezos has been appointed to a new position in the company — one that reflects its continued focus on delivery infrastructure.   Maria Renz, who served as technical advisor to Bezos for the past two years, has been named to the new role of VP of delivery experience, reported Recode.   

Caleres has made two executive appointment in its Famous Footwear division.   The company named Karlyn Mattson as chief merchandising officer, leading Famous Footwear’s buying, merchandising, planning, allocation and analytic functions.     Mattson joins Caleres from a 25-year career at Target Corp., where she was most recently VP merchandise manager of shoes, accessories and intimate Apparel for retail and online. She held leadership positions at May Company and Macy’s.  

Consumers in recent years have shown a seemingly insatiable appetite for special offers and discounts. During the holiday season, retailers generated billions of dollars by rolling-out high-profile promotional strategies – but was this activity actually profitable?   For many retailers, the holiday season lead to significant profit erosion. According to DynamicAction’s Retail Index, 44% of all orders last year were sold on promotion. At the same time, however, retailers saw a 24% reduction in margins.   

The best way to drive a top-notch in-store experience is to give associates insight into as many real-time data sources as possible.   

Birchbox is launching a new, pricier service.   The online beauty subscription retailer will debut a service that enables shoppers to better customize their monthly box of samples, along with other perks, TechCrunch said.    The service, which is only currently available to current subscribers, is $14 per month. The original subscription is $10 per month.