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Corporate Governance

  • Andrew Schwartz to lead new global strategic partnership group for The Howard Hughes Corporation

    New York -- The Howard Hughes Corp. announced that Andrew Schwartz has been hired to lead the newly created Global Strategic Partnerships Group as senior VP. He will be responsible for identifying and securing new corporate partnerships across the company’s sought after portfolio that spans from New York to Honolulu, the new division will play an important long term role for the growing company.

  • Costco prevails during holidays

    Costco’s profit fell short of analysts’ estimates at the mid-point in its fiscal year, but business trends were solid in the company’s second quarter with a 4% same store sales increase at U.S. locations.

    The company said its total revenues for the period ended Feb. 14, which included the holidays, increased 2.6% to $28.2 billion. Merchandise and service sales increased 2.6% to $27.9 billion and membership fees increased 3.6% to $603 million.

  • eBags rolls out new executives

    Online specialty luggage retailer eBags Inc. has restructured its senior leadership ranks with several new hires and the promotion of long-time executives.

    Scott Erdman has been named chief merchandising officer and Krista Paul is joining as VP of content innovation. eBags also appointed Mike Frazzini CTO and Chris Seahorn VP of marketing.

  • Barnes & Noble grows sales; eyes new format

    Barnes & Noble produced a same-store sales increase in its third quarter which, although meager, is an impressive accomplishment given intense competition from Amazon.

    Sales for the company’s third quarter ended Jan. 30 declined 1.8% to $1.4 billion, due to lower online sales and some store closure. Same-store sales increased 0.2% and if the company NOOK products are excluded the comp increase was 1.3%.

  • Kohl’s serves its communities through philanthropy

    Kohl’s announced it donated more than $51 million in 2015 through various charitable efforts and programs.

    The donations include nearly $16 million in corporate grants through Kohl’s premier associate volunteer program and approximately $19 million donated through Kohl’s Cares® cause merchandise, in addition to other philanthropic giving.

  • Report: Walgreens Boots Alliance exploring retail pharmacy options in Australia

    Walgreens Boots Alliance is exploring the possibility behind opening a retail pharmacy stake in Australia, The Sydney Morning Herald reported Friday. Though current government restrictions prevent corporate-owned pharmacies from setting up shop, that could change as "the government has commissioned an independent review of pharmacy regulations, which is due to report in March 2017," the paper reported.

  • Stage Stores to close 30 units after weak Q4

    Warm weather was a problem for most retailers in the fourth quarter, but Houston-based Stage Stores also got hit by weakness in the energy sector and the Mexican Peso.

  • Fast-fashion powerhouse opens SoHo flagship with a green tint

    Zara has opened an eco-friendly flagship in the heart of Manhattan’s SoHo neighborhood. It is the Spanish retailer’s eight location in Manhattan.

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