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Corporate Governance

  • Timberland expands in London with sixth location

    A cobbler station and lace customization are key elements of Timberland’s newest store in London.

    The new 1,000-sq.-ft. location on Oxford Street, one of London’s busiest shopping streets, will stock footwear and accessories for men, women and kids. The opening gives Timberland, a VF Corp. brand, six locations in London. It is part of a move by Timberland to connect with a wider audience and younger consumers on the brand’s quest to become the largest and most sustainable lifestyle brand on Earth, according to the company.

  • Walmart cardholders to get cash rewards

    Walmart is launching a new tool to give shoppers more reasons to use their Walmart credit and prepaid cards. 

    The retailer is rolling out a new, simplified rewards program to bring more value to the everyday purchases customers make using the Walmart family of credit and prepaid cards. Walmart's new 3-2-1 Save cash back program will provide all qualifying cardholders in the U.S. and Puerto Rico with the opportunity to earn rewards for purchases they make, including:

  • Uniqlo looking to ‘Master’ sportswear retail

    When the Masters golf tournament gets underway next week one of the sport’s highest profile players will be sporting apparel co-created with Uniqlo.

    The global fast fashion retailer teamed up with Australian golf Adam Scott to develop and help promote a line of affordable sportswear including pants and shirts. Scott won the Masters in 2014 and is heading into the high profile tournament scheduled for April 7-10 among the favorites.

  • Study: Chip cards show impressive growth

    Six months after the Oct. 1, 2015 deadline for migration to the Europay, MasterCard, Visa (EMV) chip-based payment card standard, retailers and consumers are demonstrating a fast rate of adoption.

    According to new data MasterCard has released on usage rates of its EMV-compliant payment cards, 67% of U.S.-issued MasterCard-branded consumer credit cards now feature chips. This represents a 51% increase in the number of consumer credit cards with chips in market since the Oct. 1, 2015 liability shift.

  • Mid-America Real Estate promotes Alan Young to principal

    Minneapolis -- Mid-America Real Estate – Minnesota named Alan Young as principal of the company.

  • Momofuku to be part of Manhattan Seaport transformation

    New York -- The Howard Hughes Corp. announced that The Momofuku Group will open a new restaurant concept in the revitalized Seaport District in Lower Manhattan.

  • Chipotle considers opening a burger chain

    Chipotle Mexican Grill is thinking about getting into the burger business.

    The fast-casual giant, which is still struggling to recover financially from food-safety problems that surfaced last summer, filed a trademark application for "Better Burger" as part of a business diversification move to open a burger restaurant chain.

  • Bedding retailer names new execs to revive growth

    Select Comfort, operator of 490 Sleep Number stores, named several executives to key new roles following a supply chain disruption that cause fourth same-store sales to plummet 30%.

    Select Comfort named Suresh Krishna to the role of senior VP and chief operations, supply chain and lean officer, effective April 11. He will report directly to CEO Shelly Ibach and assumes responsibilities previously held by Kathy Roedel. She served as executive VP and chief services and fulfillment officer and will retire effective April 7.

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