Corporate Governance

If you are following the presidential race with even a passing interest, you have no doubt heard a great deal about wage stagnation and economic inequality.

Numerous causes and remedies have been offered ranging from a needed increase in the federal minimum wage to $15/hour, mandatory paid sick leave, “wage theft” protections and even scheduling reform for hourly workers. And, while there hasn’t been significant progress in Washington, D.C., on those issues, numerous states and localities have passed similar measures addressing wage and benefit issues.

The outdoor apparel retailer plans to open a flagship on Fifth Avenue, in the space formerly occupied by Canadian fast-fashion merchant Joe Fresh, the Real Deal reported.

The retailer signed an eight-year sublease from Joe Fresh for approximately 20,000 sq.ft. at Vornado Realty Trust’s landmarked building at 510 Fifth Avenue, according to the report. The space includes three levels of retail.

The North Face is also looking for a larger space in Manhattan’s SoHo area, the report said.

Sundance continues to expand its retail footprint.

The lifestyle retailer will open a store at Southlake Town Square, an open-air center in Southlake, Texas, on Thursday, April 14, 2016. The opening will give Sundance, which also sells online and via catalog, a total of seven brick-and-mortar locations.

Amazon is the best place in the world to fail — that’s just one of the insights and observations in CEO Jeff Bezos’ annual letter to shareholders. Bezos talks about the importance of experimentation at Amazon in the letter, and also discusses failure in words that are rare for a CEO to use in a letter to investors, according to the Washington Post. He also cites the three "bold bets" at Amazon that have worked, starting with Amazon Web Services.

Preit has executed a lease that will bring Dick’s Sporting Goods and Field & Stream to Viewmont Mall, Scranton, Pennsylvania.

The dual store format concept will replace the existing Sears at the property in 90,000 sq. ft. of space. Sears will close this July, with Dick’s Sporting Goods and Field & Stream scheduled to open for business for Holiday 2017.

Amazon is the best place in the world to fail—that’s just one of the  insights and observations in CEO Jeff Bezos’ annual letter to shareholders.  

Best Buy is ditching the signature Volkswagen Beetle it has used to transport its tech support arm, the Geek Squad, over the past 14 years in favor of Toyota’s Prius c hybrid cars.

In addition to saving money on gasoline, switching to the hybrid gasoline-electric vehicle will produce about half the emissions of the previous Geekmobile over the life of the vehicle, in line with Best Buy’s commitment to reduce its own carbon emissions by 45% by 2020.

Most U.S. consumers now carry a smart credit card, but they haven’t had all that much opportunity to stop swiping and start dipping their cards into upgraded terminals.

That’s according to a survey of 932 U.S. credit card-holders by CreditCards.com, which found that 70% of respondents carry at least one chip-based card. This is up from only 14% in a survey conducted by the same company in September 2015, before the October 1 deadline that shifted liability for some fraud shifted from card issuers to merchants that can't accept the new cards.