Corporate Governance

The “paint ‘n’ sip” phenomenon, whereby friends, neighbors, and colleagues come together to paint, drink and relax, is showing no signs of slowing down and that’s good news for a Louisiana-based company.

Painting with a Twist, which bills itself as the original and largest paint-and-sip franchise, has opened more than one new location each week this year, and is on track to reach its goal of 100 new locations in 2015.

The same day that TJX announced the retirement of its CEO, Ascena Retail Group named a new executive to lead its recently acquired Ann Inc. division.
 

Retailers constantly experiment to serve customer needs in new ways and HSN has taken that concept to a new level with an initiative involving Ford.
 
Through the end of October, HSN and Ford Motor Company are offering a “preferred price event” based on the core value proposition of a prenegotiated price on a wide range of the automaker’s models.
 

Jet is abandoning its fee model less than three months after it launched in order to broaden its appeal to shoppers.

The online marketplace startup announced Wednesday that it will get rid of its $50 annual membership fee.

BrandsMart USA is giving its store in West Palm Beach, Florida, a comprehensive energy-efficient retrofit without tapping into its own capital.

The chain is the recipient of low-cost financing for the retrofit through the Florida Green Energy Works Program. BrandsMart received $2.225 million from a private investor for the project, which will include new HVAC systems, energy-efficient lighting and a new roof.

The U.S. Environmental Protection Agency (EPA) has recognized Stater Bros. Markets with its GreenChill Partnership's "Best Emissions Rate" award.

The honor recognizes the supermarket chain for maintaining the lowest corporate-wide refrigerant emissions rate among large retail GreenChill partners — some 10,800 stores in all — in 2014. It is the third time Stater Bros. Markets has been recognized with this distinction.

Chip-and-signature credit cards without a PIN won’t stop data breaches, at least not according to the National Retail Federation.

Although the new U.S. mandate for EMV-compliant chip-and-signature payment cards is now in effect, the NRF on Oct. 7 told Congress that new chip-and-signature credit cards without a PIN will not stop data breaches. What’s more, small businesses should not be pressured to install the equipment to accept them at the expense of more effective technology, according to the organization.

Everyone knows fraud is costly, but it be more expensive than you think.

In addition to typical fraud costs, such as the loss of goods and chargeback fees, merchants that sell digital goods, such as MP3 files and streamed movies, each spend an average of $10.1 million every year on fraud-related costs.

Consumers are experiencing frequent out-of-stocks, and retailers will be out of luck if they don’t do something about it.

According to a new survey from GT Nexus and YouGov, 75% of U.S. adults have suffered from an unavailable product in-store in the last 12 months.