Corporate Governance

Two private equity firms have thrown their hats in the arena to buy Cabela’s.   The firms, New York-based Apax Partners and San Francisco-based TPG Capital,  are each meeting Cabela’s management as part of an auction for the 82-store chain, the New York Post reported.   Bass Pro Shops is also interested in Cabela’s, and has partnered with Goldman Sachs Group’s private equity arm to make an offer for its rival, according to Reuters.  

Target Corp. is continuing to hire tech experts for its ultra-secret “Goldfish” project, with the newest recruit being the former chief technology officer of sports news website Bleacher Report.     The Minneapolis/St. Paul Business Journal reported that Sam Parnell has joined Target with a title of VP of innovation, and be based in the company’s office in Sunnyvale, California.

Walmart is trimming administrative positions in some 500 stores in the West.   According to multiple media reports, the discount giant will cut three backroom accounting and invoicing positions at each store, for a total of 1,500 jobs. Affected employees will not be laid off, but instead offered front-of-store roles such as pharmacy technician or assisting pickups of online orders. Invoicing tasks will be shifted to corporate headquarters in Arkansas, while accounting functions will be automated.  

Amazon.com is reportedly going to make it easier for third-party sellers on its Marketplace platform to sell certain items.  

A Swedish retail giant that excels in fast-fashion is also a leader when it comes to breaking the glass ceiling. But a U.S. merchant is not that far behind.   

Macy’s has managed to avert what would have been the first strike at its most valuable property — its flagship in Manhattan — in over 40 years.   

Vitamin Shoppe on Thursday announced that it has hired Jason Reiser as COO effective July 11.    

The second quarter of fiscal 2016 is not yet over for home furnishings retailer Havertys, but shareholders may have reason to be optimistic.   Havertys reported that sales for the quarter to date are up approximately 3.6% from the same period last year and comparable store sales are up 3.2%. Total written sales for the quarter to date are up approximately 7%, and written comparable store sales rose 6.7%.