Corporate Governance

Seattle – Amazon.com continues its evolution into a full-service technology platform with three services essentially designed to help retailers do everything. These services include support for start-ups, expansion of the Amazon Aurora database engine, and a hosted fulfillment/logistics platform.

North Bergen. N.J. - Vitamin Shoppe Inc. hired David M. Kastin as senior VP, general counsel and corporate secretary effective Aug. 17. Kastin will be responsible for overseeing all internal and external legal matters of the company and will serve as corporate secretary to Vitamin Shoppe's board of directors.  

Framingham, Mass. – Staples Inc. is enthusiastically jumping into the brand new market for the Windows 10 operating system, set for release on July 29. Starting July 29, customers can purchase the latest devices optimized for Windows 10 online at Staples.com and upgrade eligible devices to Windows 10 for free with Staples EasyTech Services.

Boston – Wayfair is meeting the needs of customers who need to get some sleep fast. The online retailer is partnering with Mattress Firm Inc. to let customers obtain same-day premium delivery of mattresses in most markets.

Shoppers will also have access to Wayfair.com’s more than 700 customer service team members, including mattress specialists for advice and insight.

Beijing – Chinese e-commerce platform JD.com Inc. has unveiled an enhanced version of its online enterprise procurement platform, JD Enterprise. The JD Enterprise Intelligent Procurement Platform, initially launched in late 2014, uses data-driven insights to make the procurement process more efficient for both suppliers and customers.

The new services unveiled will enable corporate customers to manage more of their procurement functions directly via JD Enterprise.

Atlanta - UPS is expanding the number of locations customers can pick up and drop off packages. The company is expanding the number of cities it offers the UPS Access Point network, which offers package pickup and drop-off at local businesses, primarily neighborhood convenience and grocery stores, dry cleaners and delicatessens with extended evening and weekend hours.

Minneapolis – While the buzzing sounds and dings of dial-up Internet access may seem like quaint relics of the turn of the century, the fact remains that millions of Americans lack even that level of Web connectivity. To help bridge this digital divide, Best Buy will participate in a new ConnectHome initiative announced by President Obama and Housing and Urban Development (HUD) Secretary Julián Castro.

Plano, Texas – Reductions in labor hours and store expenses, as well as a sourcing and distribution initiative, helped boost profit at Rent-A-Center Inc. in the second quarter of fiscal 2015. Net income rose 31% to $23.15 million, from $17.68 million the same quarter a year earlier.

Consolidated revenue also performed well, growing 6% to $815.34 million from $768.43 million. Consolidated same-store sales increased 7.5%, aided by especially strong performance in Mexico stores.

Minneapolis – Supervalu Inc. beat Wall Street expectations for profit in the first quarter of fiscal 2016 and also announced it is considering spinning off its Save-A-Lot grocery banner. Net earnings soared 42% to $61 million, from $43 million in the same quarter the prior fiscal year.

Cost of sales rose at a slower pace than net sales, aiding profit growth. Net sales rose 3% to $5.41 billion, from $5.26 billion.

Columbia Sportswear’s retail aspirations arrived in South Florida in the form of a new 5,600-sq.-ft. concept store called Performance Fishing Gear.