Corporate Governance

Groupon exec named CFO at Digital River
E-commerce solutions provider Digital River Inc. has named a Groupon executive as its next CFO.

Digital River has announced that Hoke Horne has joined the company as chief financial officer. In this role, Horne, who has more than 20 years of financial experience, will be responsible for the company’s accounting, finance, tax, corporate development and enterprise operations activities.
Dollar General has a new finance chief
Dollar General Corp. has promoted one of its finance executives to serve as interim chief financial officer.

The company says John W. Garratt will serve as interim chief financial officer effective July 1. He follows David Tehle, who had previously announced his retirement in March.

Target’s chief style officer steps down

The woman who put the “T” in Tarjay is stepping down from her role as chief merchandising officer and adding some uncertainty about the retailer’s direction under the leadership of chairman and CEO Brian Cornell.
Toys"R"Us has got Comic Con covered

Toys”R”Us is curating a special lineup of toys -- and a new shop -- in anticipation of San Diego Comic-Con that is designed to appeal to the toy collector community.
Nook still a drag on Barnes & Noble

Barnes & Noble Inc. posted another disappointing quarter of financial results as the retailer continues to struggle against Amazon.com and declining Nook sales.
Bed Bath & Beyond shares omnichannel insights

The new fiscal year is off to a good start at Bed Bath & Beyond according to CEO Steve Temares who credits a wide range of omnichannel initiatives.

Sales in Bed Bath & Beyond’s first quarter ended May 30, increased 3.1% to $2.738 billion and same store sales increased 2.2%. Net income declined to $158.5 million from $187.1 million while a strong stock buyback program allowed earnings per share to remain flat.
Exclusive: Sears sounds off on connected home plans

Sears has opened a new connected home flagship store near Silicon Valley and Ryan Ciovacco, president of consumer electronics and connected solutions, spoke with Retailing Today about the major initiative.
Kroger offers 2-for-1 stock split, boosts dividend

The largest supermarket operator in the United States is on fire, so it makes sense that the Kroger Co. approved its first stock split in 16 years and a 13.5% dividend increase.

The company announced that its board of directors approved an increase to the company's quarterly dividend, a two-for-one split of its common shares, and a new $500 million share repurchase program.
Making sense of Walmart’s new supplier agreement

Walmart’s interpretation of EDLP and a desire to simplify operations with a uniform supplier agreement sparked confusion this week among those unfamiliar with the company’s business model.
NRF calls passage of TPA a ‘landmark step’

Washington, D.C. -- The National Retail Federation praised the Senate’s passage on Wednesday of Trade Promotion Authority
Cisco: Ignore digital disruption at your peril

San Jose, Calif. – Digital technology stands ready to significantly disrupt retail and many other industries, yet many companies are not showing concern.
New concerns arise about Staples-Office Depot merger

New York -- Concerns about regulators blocking Staples’s proposed acquisition of Office Depot have surfaced in the wake of a Federal judge blocking Sysco Corp.’s purchase of US Foods, reported 247wallst.com.

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