Corporate Governance

Indianapolis – With retailers like Amazon.com entering the online services market, online services network Angie’s List is tapping a veteran retail e-commerce executive to run the company.

Scott Durchslag, who served as president of e-commerce and global marketing at Best Buy from 2012-2014, has joined Angie’s List as president and CEO.

Philadelphia – Five Below is opening its largest location to date, in its home city of Philadelphia.
 
The extreme-value retailer, which targets tweens and teens with goods priced at $5 or less, will open a two-story, 13,000-sq.-ft. store next to its headquarters on Thursday, Sept. 10.

Rockaway, N.J. - In anticipation for the Halloween season, Party City will hire an additional 20,000 employees nationwide.

The retailer is hiring Halloween associates to undertake a variety of positions at its 900 stores.

Employees undergo a specialized training program to gain Halloween costume product knowledge.

Recently an investment banking colleague from HT Capital Advisors mentioned to me that Bombfell, an online men’s clothing subscription service, received $1 million in venture capital funding. Under the business model, an online personal stylist personally selects each member’s items and sends them to the shopper, with free shipping. The shopper only pays for what he keeps (he has 10 days to decide) and then returns the rest, also with no shipping charge. On the heels of that chat, I read about MM.LaFleur, a similar model for women.  

Hoffman Estates, Ill. – Sears Holding Corp. is protecting the assets of its pension fund following the creation of its Seritage Growth Properties real estate investment trust (REIT).

The company has entered into a five-year agreement with Pension Benefit Guarantee Corp. (PBGC) to guarantee that it will continue to make required contributions to the fund.

Canton, Mass. - Dunkin' Brands Group Inc., the parent company of Dunkin' Donuts and Baskin-Robbins, has named Michael R. Shutley as VP, federal & state government affairs.

Reporting directly to Karen Raskopf, chief communications officer, Shutley will work closely with senior management to develop and implement the company's legislative initiatives.

He will also advocate for Dunkin' Donuts and Baskin-Robbins franchisees at all levels of government, both domestically and internationally.

A limited assortment of consumer electronics products will be offered in Best Buy branded departments inside 10 Macy’s stores this holiday season.

Now that retailers such as Amazon.com are entering the online services market, Angie’s List is looking to fortify its executive ranks by tapping a veteran retail e-commerce executive to run the company.<br style="box-sizing: border-box; margin: 0px; padding: 0px; max-height: 100000px; color: rgb(54, 54, 54); font-family: open_sansregular, Arial, Helvetica, sans-serif; font-size: 14px; background-color: rgb(2

Five Below is opening its largest location to date in its hometown.

New Jersey-based women's shoe company Aerosoles has named a retail and footwear industry veteran as its next CEO.