Corporate Governance

LIDS goes old school for 20-year anniversary
LIDS is celebrating 20 years of retail innovation with the launch of a new headwear line that will take customers back to the 1990s.

Available at select stores throughout North America and on LIDS.com, the 20th Anniversary Platinum Collection will feature a selection of limited edition (1,995 units) fashion hats inspired by popular designs from the past 20 years. The first style in the series, the Flawless cap, was originally launched in 2003 as part of a collection inspired by recording star Fred Durst of the band Limp Bizkit.
Overstock and Bret Michaels want to rock Mom’s world
Moms who liked rocking out to Poison in the 1980s will love Overstock.com’s new promotion.

The retailer will be hosting a new Mother’s Day sweepstakes in which one lucky winner and one guest will receive an all-expenses-paid trip to Phoenix, Ariz. to enjoy three days and two nights at a luxurious hotel and spa. There, they will be treated to a spa pampering package before a car whisks them off to join Poison singer Bret Michaels at his home for dinner. Overstock.com and Michaels created the sweepstakes to say thanks to all mothers and honor them on their special day.

Staples names new head merchant

Staples Inc. has made a change in a key executive position even as the company awaits regulatory approval for a pending merger with Office Depot.

Staples said it has named Peter J. Scala as executive vice president, merchandising, effective immediately. Scala will report to Demos Parneros, president, North American stores and online, and will be a member of the company’s executive committee.
Rite Aid has a new information chief

Rite Aid Corp. announced Monday that Steve Rempel, a highly experienced information technology executive, has been named Rite Aid's SVP and chief information officer.
The North Face goes omnichannel for Earth Day

The North Face is celebrating Earth Day by expanding its Clothes the Loop omnichannel initiative, with the goal of recycling more than 100,000 pounds of apparel and footwear this year.

The retailer plans to expand its Clothes The Loop recycling program to all of its retail and outlet stores in the U.S. in tandem with an in-store and social media campaign to encourage consumers to recycle unwanted apparel and footwear from any brand in any condition.
Sprouts Farmers Market completes new credit facility

Phoenix -- Sprouts Farmers Market said it has completed a new five-year, $450 million revolving credit facility to replace its existing term loan and revolving credit facility.
Office Depot and Walmart among top companies for women’s business enterprises

New York -- Office Depot, Walmart, Target, Macy’s and CVS Health are among the top companies for women’s business endeavors, according to the Women's Business Enterprise National Council (WBENC). The list is designed to recognize organizations that integrate policies and programs across the corporation to enable growth and reduce barriers for women-owned businesses; increasing opportunity in new markets – both domestically, and international; fueling innovation; and empowering communities through economic growth and job creation.
And the strongest housing markets are…

New York -- Retailers with stores in Denver, San Antonio, Nashville, Fort Lauderdale and Dallas might see some strong sales in the months ahead based on a new report, which identifies those cities as the nation’s hottest housing market.
Inland American Real Estate Trust is now InvenTrust Properties Corp.

Oak Brook, Ill. - Inland American Real Estate Trust Inc. has changed its name to InvenTrust Properties Corp., effective immediately. The company’s new website address is Inventrustproperties.com.
CBL Properties, Horizon Group expand Outlet Shoppes of Atlanta

Chattanooga, Tenn. - CBL & Associates Properties Inc. and Horizon Group Properties Inc. have begun construction on the second phase of The Outlet Shoppes at Atlanta. The 33,000-sq.-ft. expansion is scheduled to open before the 2015 holiday season and will bring several popular retailers to the center, including Gap Outlet and Banana Republic.
Simon’s Shisui Premium Outlets expands by 62 stores

Indianapolis - In partnership with Mitsubishi Estate Co. Ltd., Simon has opened the expansion of the Shisui Premium Outlets located outside Tokyo. Shisui Premium Outlets initially opened in April 2013.

This first phase of the project opened 100% leased with 121 stores featuring a mix of international brands, Japanese brands and restaurants. The second phase, opening April 17, adds 62 new stores, including four restaurants, bringing the total store count to 183. The expansion adds 136,000-sq.-ft. of stores, bringing the total project to 375,000-sq.-ft.
H&M to open new Texas store at Uptown Village at Cedar Hill

Stockholm, Sweden - H&M will open at Uptown Village, Cedar Hill, Texas. Measuring approximately 21,000-sq.-ft., the store is set to open in the fall of 2015 and will add to fast-fashion chain’s 14 current locations in the state of Texas.