Corporate Governance

Report: eBay may have more deals up its sleeve
San Jose, Calif. – The upcoming spinoff of its PayPal unit may not be the only deal eBay Inc. has in the works.

According to Reuters, eBay is in advanced talks with private equity firm Thomas H. Lee Partners LP to acquire eBay’s enterprise business for close to $1 billion.
Tiffany nabs Cartier exec as international VP
New York - Tiffany & Co. turned to a main competitor when it was time to find a new global business executive. Tiffany has named Philippe Galtié to the position of senior VP international, effective Aug. 17.

Galtié, 54, most recently held the post of Cartier’s international retail director. He began his career with a range of general management and global marketing roles at Moët-Hennessy, Mars Inc., Eridania Beghin Say and the Nestlé Group.

PriceSmart Q3 profits stay flat

San Diego – Net income at warehouse club retailer PriceSmart Inc. stayed essentially flat at $21.2 million during the third quarter of fiscal 2015, compared to $21.3 million in the prior year period. Meanwhile, total revenues rose 13% to $697.1 million, from to $615 million.

Higher income taxes kept PriceSmart’s profits flat even as rising export sales and membership income boosted total revenues. Same-store sales increased 4% during June 2015, compared to the same month in the previous year.
PBTeen targets Gen Z with ‘awesome’ video campaign

San Francisco – Never mind Gen Y, the millennial generation that roughly ends with young consumers born in 2000.

Williams-Sonoma tween and tween banner PBteen is targeting the post-2000 “Gen Z” audience with an original six-episode Web series called “Revved Up Rooms.”
Tractor Supply extends private label credit program

Brentwood, Tenn. - Tractor Supply Co. is extending its private label credit card relationship with Citi Retail Services. The multi-year extension builds on an existing 15-year partnership with Citi.
Michaels stockholders to sell 12.5 million shares

Irving, Texas – Some stockholders of The Michaels Companies Inc. intend sell 12.5 million shares of Michaels common stock. The selling Stockholders will receive all of the net proceeds from this offering.

No shares are being sold by the company. Goldman, Sachs & Co. will act as underwriter for the offering.
Slow and steady, PriceSmart keeps growing

International wholesale club PriceSmart keeps attracting shoppers to its stores, as the retailer reported an increase in same store sales for the third quarter.
Gap Inc. still struggling with sales declines

Gap Inc. continues to suffer from a lack of traffic to its stores and Web site, but the sales decline abated somewhat in June.
Michaels financial future unfolds as big investors exit

The private equity firms that paid a premium to take Michaels private nearly a decade ago continue to gradually unwind their majority position in the nation’s largest arts and crafts retailer.
Build-A-Bear eyes sweeter sales with Honey Girls

A new character line with first-of-its-kind multimedia elements is now available on Build-A-Bear Workshop’s web site and in its 400 stores.
Walmart empowers women with digital initiative

Walmart is taking an innovative approach to empowering women with the unveiling of a new a new digital initiative designed to support the advancement of women leaders at Walmart and women worldwide.
Coty pretties up product portfolio with P&G deal

Coty is buying 43 beauty brands from Procter & Gamble Co., including Miss Clairol, Covergirl and Max Factor.