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Corporate Governance

  • Target gets ‘smart’ about lighting

    Target Corp. is taking its lighting to the next level.   The retailer has entered into an agreement with Acuity Brands for Acuity to provide Target with smart lighting technologies, featuring energy saving LED fixtures and dimming controls.    Target will be installing Acuity’s next generation, smart LED sales floor fixtures, along with the lighting company’s store accent lighting and distribution center site lighting.   

  • POPAI, A.R.E. rebrand under new name

    A coordinated rebranding effort has resulted in a new name for retail associations POPAI and A.R.E, which merged last October.   The new, combined group has changed its name to Shop!, a trade association focused on enhancing retail environments and experiences. The name is designed to represent the 2,000-plus global member companies and align with the full industry community they support.  

  • ‘One-for-one’ brand to open at nation’s largest mall

    Toms Shoes is expanding its fledgling store portfolio, and will open a location at Mall of America, Bloomington, Minnesota, in time for holiday shoppers.   Founded in 2006, Toms matches every shoe purchase with a donation to a child in need, and gives glasses, medical treatment and/or sight-saving surgery with each purchase of eyewear.  

  • Walmart casts wide net for American-made products to sell

    For the third year in a row, Walmart hosted more than 450 entrepreneurs during the company’s “Made in the USA” Open Call event held Tuesday, June 28 at its corporate headquarters in Bentonville, Arkansas. The event, part of Walmart’s fourth annual U.S. Manufacturing Summit, is designed to find products made, assembled or grown in the U.S.  

  • Report: TJX Cos. among U.S. retailers to be impacted the most by Brexit vote

    The recent vote by the United Kingdom to leave the European Union will have the biggest retail impact on companies that have high U.K. exposure, including U.S. off-price giant TJX Cos., MarketWatch reported.    Swedish fast-fashion giant H&M is also among the retailers to be most impacted. The United Kingdom is the company’s third largest market, behind Germany and the United States. 

  • Grocery store chain fined for refrigerant leaks; ordered to cut greenhouse gases

    Trader Joe’s is cleaning up its act — with regards to the environment.   In a proposed settlement with the U.S. Department of Justice and the EPA, the chain agreed to spend $2 million over the next three years to reduce coolant leaks from refrigerator equipment at its 460 stores nationwide, and also to pay a $500,000 related civil penalty.  

  • Shopping centers are the calm in a global financial storm, analyst says

    The demise of the American mall is greatly exaggerated, held Sandler O’Neill analyst Alexander Goldfarb during a discussion of Brexit on CNBC.   “Dead mall stories are great, but when it comes time to drive earnings cash flow in stocks, that’s where those big powerhouse malls show through,” Goldfarb said. “For the global investor looking for safety and security, [it’s] U.S. real estate.”  

  • Suitsupply and Kendra Scott to bow on San Jose’s Santana Row

    Eight new tenants have opened their doors at Silicon Valley’s Santana Row, a 1.7 million sq.-ft. multi-use property that includes a hotel and office and residential space.    Suitsupply, a European import, assumes the highest profile of the newcomers with a 4,425 sq.-ft. space. Jewelry retailer Kendra Scott and body and hair care specialist Aesop will inhabit spaces of just over 1,000 sq. ft.  
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