Corporate Governance

Hhgregg CFO Robert Riesbeck is acting as interim CEO at the appliance, electronics and furniture retailer following the abrupt departure of longtime executive Dennis May.

Saks Fifth Avenue revealed additional details about its entry into the Canadian market.

The company will open its first-ever store up north, at CF Toronto Eaton Centre, on February 18, 2016, followed by a second location, at CF Sherway Gardens, on February 25. Both centers are in Toronto.

The majority owner of Ollie’s Bargain Outlet is looking to reduce its stake in the company following a holiday season sales performance CEO Mark Butler characterized as thrilling.

Schimenti Construction has created a new space for Kohl’s Corp. to show off its latest collections.

The 4,000-sq.-ft. showroom, at 1400 Broadway in the garment district of Manhattan, acts as a striking backdrop to the retailer’s latest fashions, with large windows, bright spotlights and a gleaming white epoxy floor. The new space is in the same building that houses Kohl’s design offices. The retailer now occupies 100,000 sq. ft. on four floors.

The Tile Shop paved the way for continued growth in the fourth quarter, with an increase in same store sales and profits.

For the fourth quarter ended Dec. 31, the specialty retailer reported a 9.8% same store sales increase, a 70.4% gross margin increase, and diluted earnings per share of 7 cents. Net sales grew 13.5% to $71.9 million for the fourth quarter compared with $63.3 million for the prior year quarter. 

Whole Foods Market’s 365 store concept is the first anchor to be announced for Butler Town Center, in Gainesville, Florida. It is also the first 365 location to be announced for the state of Florida.

Tailored Brands, formerly Men’s Wearhouse, vowed more changes after its Jos. A Bank division logged a 31.9% decline in same-store sales.