Skip to main content

Corporate Governance

  • Starbucks commits big time to China — and not just with more stores

    Photo: Jack Ma and Howard Schultz, China Partner Family Forum

  • Report: Online-only strategy ultimately unsustainable for most retailers

    A new study links retailers' success to an omnichannel strategy that includes physical stores.

    According to the report, by L2 and titled "Death of Pureplay Retail," online-only retailers are at a disadvantage due to high costs for marketing and shipping, making their business model challenging and ultimately unsustainable in the long-term. The report was sponsored by Simon Property Group.

  • Warm weather impedes sales at Burlington Stores

    Burlington Stores says a big decline in cold weather apparel led same-store sales to be mostly flat over the holiday season.

    Tom Kingsbury, president and CEO at Burlington Stores, said: “While we are pleased with the strong response to our gift assortments especially in fragrances, bath and body and home, these increases have been offset by headwinds affecting our cold weather assortments, especially in coats and outerwear. Accordingly, we now expect comparable store sales to be approximately flat for the fourth quarter.”

  • Zumiez has seamless customer experience in store

    Catering to a tech-savvy millennial shopper base, specialty retailer Zumiez Inc. cannot afford to offer a Gen X-style customer experience.

    To meet customer expectations of being able to purchase goods anytime, anywhere, via any mix of channels they choose, Zumiez needed a flexible, customer-focused platform. In 2015, Zumiez ran a multi-store pilot of the Starmount Customer Engagement suite platform.

  • Boot Barn backtracks on Q3 expectations

    Warm weather, as well as layoffs in the oil and gas industry hindered sales Boot Barn during the holiday quarter.

    Boot Barn announced preliminary results for the third quarter ended Dec. 26 as follows:

    • Preliminary net sales increased 49% to approximately $194 million;

    • Opened 5 new stores and completed the rebranding of 19 Sheplers stores;

  • American Apparel gets $300 million bid from group supporting Charney

    American Apparel on Monday said that it has received unanimous approval of all voting classes for its reorganization plan. But also on Monday, the company received a $300 million buyout offer from an investor group that has the support of American Apparel founder and ousted CEO, the controversial Dov Charney.

    The investor group, which is comprised of Hagen Capital Group and Silver Creek Capital Partners, said that its offer is superior to the company's reorganization plan, and has a valuation range of $180 million to $270 million.

  • Barnes & Noble names new head merchant

    Just a few days after reporting an increase in sales growth over the holiday season, Barnes & Noble has named a new head merchant.

    The company announced it has promoted Mary Amicucci to be its new CMO, effective immediately. Amicucci previously held the role of VP of Adult Trade & Children’s Books and will continue to report directly to Jaime Carey, COO.

  • Wheeler appoints new COO and CFO

    Virginia Beach, Va. -- Wheeler Real Estate Investment Trust announced Wilkes Graham will join the company as its CFO, effective Jan. 19. Graham will oversee corporate finance, accounting, investor relations and capital and financing strategies for the Company and will report to CEO and chairman, Jon Wheeler. He will succeed Steven Belote, who will remain with the Company as its COO.

X
This ad will auto-close in 10 seconds