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Corporate Governance

  • Exclusive: Cavender’s saddles up for cloud-based WFM

    It’s not easy for a family-owned company to phase out its homegrown systems in favor of automation.    Cavender’s Boot City has not only taken this bold step, but it’s  upping the ante even further as it transitions its workforce management (WFM) platform to the cloud.   Cavender’s is a 90-year-old western specialty retailer that continues to grow — even while it maintained homegrown IT systems, including a legacy-based WFM operations.   

  • Online and in store, Ulta Beauty soars in Q3

    Ulta Beauty shows no signs of losing its momentum as the chain reported a strong quarter and raised its full-year outlook for the third time this year.   Ulta’s performance was impressive, both in brick-and-mortar and online where its sales jumped nearly 60%. (For commentary, click here.)    

  • Nation’s biggest mall hires its first black Santa

    The Mall of America is making headlines for one of its seasonal hires.  

  • Fast-growing home décor superstore names COO

    With plans to expand to some 600 stores, At Home Group Inc. has appointed a chief operating officer and expanded its board with a Gap Inc. veteran.    The retailer, which currently operates 123 stores, said it promoted chief stores officer Peter Corsa to COO. Corsa, who joined the company in 2013, will continue to be responsible for store operations, loss prevention, distribution and logistics in addition to assuming oversight of inventory planning and allocation.  

  • Big Lots raises outlook

    Big Lots raised its full-year guidance even as it posted a sales decline in its first quarter.   The discounter reported net income of $1.4 million amid improving profit margins, after reporting a loss in the same period a year earlier. Gross profit margin edged up by nearly a full percentage point to 40% of sales.   Revenue fell 1% to $1.11 billion, just missing Street forecasts. Same-store sales were flat.   

  • In a first, non-family member to take reins at Meijer

    Family-owned and operated Meijer is getting a new CEO — and for the first time in the retailer’s 82-year history, it’s not a family member.   Effective January 1, 2017, Rick Keyes, president of Meijer, will add the title of CEO. He will replace Hank Meijer, who is stepping down as chief executive and will serve as executive chairman of the board.  

  • CBRE announces two key hires

    Adam Cummings, an 18-year veteran of retail leasing, has been named senior VP and retail occupier practice leader at CBRE. Cummings will direct retail representation in the mall sector.   The company also announced the return of Matt Kircher as managing director and executive VP of its San Francisco office. Kircher began his real estate caeer at CBRE in the 1990s.  

  • Olshan to Trump competition at ICSC-New York

    Olshan Properties will pay tribute to the new president-elect and fellow developer Donald Trump at the International Council of Shopping Centers New York Deal Making show, which kicks off at the Javits Center on Monday.   Staffers at the Olshan booth will be sporting blue “Make Retail Great Again” baseball caps as they promote a message, said a release, of elevating retail to bring local communities together by connecting with their hometown shopping centers.  
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