Corporate Governance

These are tough times for outdoor/sporting goods retailers.   Gander Mountain is reportedly considering filing Chapter11 bankruptcy protection, according to Reuters.    Founded in 1960, Gander Mountain specializes in fishing, camping and hunting gear and accessories, and bills itself as “America’s firearms superstore.”   

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.

Watch out Victoria’s Secret — Amazon is moving onto your turf.   The online retail giant plans to launch a line of inexpensive bras in the United States, reported The Wall Street Journal.   The bras will be priced around $10, according to the report, which is significantly lower than the bras sold by Victoria's Secret and other lingerie retailers.   

It’s not over yet for the embattled Sears Holdings, which is streamlining its operations on the heels of what appears to be a brutal fourth quarter.    The long-struggling retailer on Friday announced a comprehensive restructuring that will cut at least $1 billion in operating costs a year. The plan involves reducing corporate overhead (although Sears did not specify, job cuts are likely), closer integration of the Sears and Kmart operations and improving its merchandising, supply chain and inventory management.

J.Jill Group is looking at a return to the public markets. The apparel retailer, which is owned by private-equity firm TowerBrook Capital Partners LP, announced that it has filed a registration statement with the Securities and Exchange Commission relating to a proposed initial public offering of its common stock. TowerBrook acquired J.Jill from Arcapita and Golden Gate Capital in 2015. The chain was previously owned by The Talbots.

L.L. Bean is in a cost-cutting mode.    The company, which is evaluating all aspects of its business, is offering early retirement incentives (it hopes to trim about 500 positions), freezing pensions and taking a “hard look” at its free shipping and generous re-turns policy, the Associated Press reported.