Corporate Governance

Hamilton, Bermuda -- Signet Jewelers Ltd. on Thursday posted a better-than-expected 30% surge in profit its fourth quarter.

San Juan -- The Mall of San Juan, the first upscale shopping center in Puerto Rico, officially opened its doors on March 26. The 650,000-sq.-ft. shopping center, developed through a partnership between Taubman and New Century Development, has a retail line-up includes the Caribbean's only Nordstrom and Saks Fifth Avenue. Sixty percent of the tenants are unique to the market.

Kleinfeld Hudson’s Bay, a luxurious 14,000-sq.-ft. bridal shop on the top floor of the Hudson’s Bay flagship and headquarters building in Toronto, took the top prize — Store of the Year — in the Association for Retail Environments 2015 Design Award.

Memphis, Tenn. -- Fred's Super Dollar has announced several key management changes, including the appointment of Walgreens veteran Bryan Pugh as chief merchandising and marketing officer.  

In other changes, Craig Barnes has been promoted to executive VP supply chain, global and domestic logistics; and Mike Holligan has been promoted to executive VP store operations.
 

Boston – During the next three years, 250% more retailers are transitioning to a single order management solution (OMS) to support a unified commerce experience across all channels, according to a new special report by Boston Retail Partners. The study, “Order Management is the New POS,” explains how many retailers are planning to adopt a single order management system and the numerous benefits it presents to improve operations and enhance the customer experience.
 

Putting aside a worse than expected fourth quarter loss, regional discounter Fred’s could be on the cusp of more meaningful growth after assembling a roster of top executive talent under the leadership of CEO Jerry Shore and president Mike Bloom.

Brown Shoe Company has added another big name to its big portfolio of designer brands.

The retailer says it will produce and distribute Diane von Furstenberg brand women’s shoes for the 2016 season through a new licensing deal.

On the eve of its next fundraising campaign, Publix is celebrating 20 years of raising more than $51 million for the March of Dimes.

To support more breakthroughs for babies, the grocery giant will ask its customers to join them in their annual fundraising drive from April 6-26. The register campaign coincides with March for Babies, the March of Dimes signature event, which occurs on April 25 in most areas. Associates will sell the cutouts at the checkout and ask customers to sign their name or the name of a baby they love.

At the recent GlobalShop show in Las Vegas two trade groups serving the visual merchandising industry said their boards voted to pursue a merger agreement.

The boards of directors of the Association for Retail Environments (ARE) and the Point of Purchase Advertising International (POPAI) voted to enter a due diligence phase and work in good faith toward a definitive agreement to merge the two associations.

Former Walmart executive Gary Maxwell has joined leading demand analytics provider Orchestro as the firm’s chief solutions officer.

Maxwell, a long-time member of Orchestro’s advisory board, retired from Walmart in 2013 after holding a variety of senior supply chain, replenishment and process improvement roles during a 14 year career. Prior to Walmart, Maxwell spent five years in a senior supply chain role with the now defunct Caldor chain.