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Corporate Governance

  • Nation’s largest electronics retailer smashes glass ceiling

    Women now make up the majority of the leadership team at Best Buy, theStar Tribunereported, with the retailer reaching the tipping point in April when it hired Trish Walker from Accenture as president of services. Having more gender diversity has been a commitment of Best Buy CEO Hubert Joly, who took over in September 2012, the report said.

  • BJ’s names Bain exec to management team

    BJ's Wholesale Club has appointed Lee Delaney as executive VP, chief growth officer, effective May 9.

    Delaney will be responsible for the company's merchandising and supply chain organization.

    Prior to joining BJ's, Delaney was a partner in the Boston office of Bain & Company, and a leader in the firm's consumer products practice.

    Prior to joining Bain in 1996, he worked for Electronic Data Systems and Deloitte Consulting advising clients on a variety of engagements.

  • Canadian retailers respond to Fort McMurray wildfires with donations

    Both Walmart Canada and Loblaw companies sent financial aid to support the relief efforts in the Fort McMurray community. According to reports published Friday morning, fires in the province of Alberta have to date forced the evacution of 88,000 residents and destroyed more than 1,600 structures.

  • Nautica gets back to its roots

    New York City-based lifestyle apparel retailer, Nautica, a division of VF Corp., has opened a flagship in Manhattan, in the SoHo neighborhood. The 2,000-sq.-ft. store opening embodies the brand's refreshed marketing and design strategy which celebrates the company’s roots as well as its established nautical heritage.

  • The ‘least engaging’ retailers are …

    Five retail chains rank among the top 10 brands doing a poor job when it comes to emotional engagement, a measure of how well brands meet consumer expectations, according to an annual survey.

  • Guess what old tradition Walmart is bringing back?

    The employees who once greeted shoppers with a friendly “Welcome to Walmart” are making a comeback.

    Walmart is reviving and updating its door-greeter program in an effort to improve customer service and also deter shoplifting.

    The greeters were the invention of company founder Sam Walton, who saw them as a way to put a friendly face on the chain’s large stores. But in recent years, most of the employees who served as greeters were moved to other parts of the store.

  • California puts crimp in Costco in April

    Slow traffic at its California stores proved a drag for Costco Wholesale Corp. in April.

    The retailer reported flat same-store sales in April, below analysts’ estimates of a 1.2% increase.

    Total sales in April rose 3% to $8.98 billion, helped by strength in Canada.

    Excluding gasoline-price fluctuations and currency exchange rates, U.S. same-store sales rose 2%, below estimates for growth of 3.4%. Same-store sales in Canada increased 2% overall and 7% when excluding gas prices and currency.

  • Times Square to lose another high-profile retail flagship

    Aéropostale is closing its 19,000-sq.-ft. flagship in Manhattan’s Times Square.

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