Corporate Governance

Hangzhou, China – If idle hands are the tool of the devil, then Chinese e-commerce platform Alibaba Holding Group Inc. has very righteous hands. Alibaba is staying busy with a new plan to protect cloud data and new cloud solutions, as well as partnerships to provide e-commerce logistics and online sourcing.

Neckarlsum, Germany — German discount grocer Lidl is applying business intelligence technology to its planned expansion into the U.S.

Lidl, which operates nearly 10,000 stores and 130 distribution centers across 26 countries, will use solutions based on the SAP HANA business intelligence platform to support its IT strategy for entering the U.S. market.

Atlanta - The Home Depot Inc. is spending about $1.6 billion in an acquisition squarely aimed at better meeting the needs of its professional customers.

The retailer is purchasing Jacksonville, Florida-based Interline Brands Inc., a national distributor and direct marketer of broad-line maintenance, repair and operations (MRO) products.

Seattle – Starbucks Corp, is partnering with one of the world’s best-known media brands to provide an elevated news experience for users of its mobile app. As part of an expanded agreement with the New York Times, top news of the day as well as a selection of other articles, will be available for free via the Starbucks mobile app for My Starbucks Rewards loyalty members.

New York - Elizabeth Arden Inc. has named JuE Wong as president, Elizabeth Arden brand, effective Aug. 3. Wong was previously CEO of StriVectin and Astral Brands and also held several leadership positions for brands including N.V. Perricone, M.D. Cosmeceuticals and Murad.

In addition, Elizabeth Arden has signed a joint venture agreement with Asian prestige beauty distributor Luxasia Ventures Pte Ltd for the Southeast Asia region. Elizabeth Arden expects to commence operations in the first fiscal quarter of fiscal 2016

Plano, Texas - Mandy Ginsberg, CEO of test preparation company The Princeton Review and online tutoring company Tutor.com, has been elected to The J.C. Penney Co. Inc. board of directors.

Maryville, Tenn. - Ruby Tuesday Inc. has appointed David Skena as chief marketing officer.

During the past nine years, Skena progressed through PepsiCo Inc. with increasing levels of responsibility, most recently serving as the VP of premium and value brands.

In the chief marketing officer role, Skena will be responsible for developing and implementing effective marketing strategies and initiatives to build brand awareness and customer loyalty through traditional media, digital and social channels, and other innovative platforms.

Washington, D.C. - The National Retail Federation (NRF) is now a little less rosy in its sales expectations for 2015. The NRF has lowered its full-year retail sales forecast because of unexpected slow growth recorded during the first half of the year, similar to the industry’s experience in 2014.

However, NRF still expects sales will steadily increase through the remainder of the year. NRF forecasted in February that retail sales would grow 4.1% in 2015 from 2014, but today’s revision lowers the forecast to 3.5%.

Cincinnati - The Kroger Co. is extending a partnership that provides a number of financial services to shoppers at its stores. By continuing a 30-plus-year agreement with global payment services provider Western Union, Kroger gives customers the ability to send and receive Western Union money transfer transactions, purchase money orders and pay their bills at more than 2,300 Kroger store locations.

What’s wrong with America? Plenty, according to the National Retail Federation which just slashed its full year retail sales forecast ahead of second quarter earnings announcements from major retailers next month.