Corporate Governance

Expense from a pension settlement and higher selling, general and administrative costs drove Havertys into the red for the fourth quarter of fiscal 2014.

Coach has hired Demandware to help re-launch its website on a new platform to better serve its omnichannel needs.

Coach says it switched from its previous platform to Demandware’s cloud solution to gain greater business agility and to fuel growth across channels and geographies.

Neiman Marcus is taking omnichannel retailing to a whole new level by integrating payment technology into its already successful store app.

The NM Mobile Wallet is the first deployment of a mobile wallet capability created specifically for a retail card partner, enabling customers to quickly and easily make in-store purchases at Neiman Marcus Group stores without their physical credit card. Consumers can enjoy this simplified payment function with transaction authorization and information technology supported by Capital One.

As Macy’s undergoes aggressive changes to better compete in an omnichannel retailing world, the company reported a decline in profit for the fourth quarter.

For the quarter ended Jan. 31, profit fell to $793 million from $811 million. Per-share earnings were $2.26 a share, up from $2.16 a share a year earlier. Same store sales grew 1.7% Revenue increased 1.8% to $9.36 billion.

Target Corp. reportedly thinks having a range of organic products matters.

Chicago -- Skincare products retailer H2O+ announced the appointment of Joy Chen as the company's new president and CEO.

Chen most recently served as the CEO of YES TO Inc. where she managed the YES TO skin and bodycare portfolio’s expansion of North America and International distribution. She brings over 20 years of industry experience and a proven track record of driving sales and profit growth, in demanding, complex turnaround situations.

Port Townsend, Wash. -- Intellicheck Mobilisa, a leader in ID verification and wireless technology, signed a contract with Helzberg Diamonds to implement ID Check throughout Helzberg’s 230 U.S. retail locations.

Helzberg Diamonds will utilize ID Check at the point-of-sale (POS) in its stores to analyze and authenticate driver’s licenses, with a goal of reducing the risk of fraudulent purchases.

New York -- The mobile payments war continues to heat up. In a post on its blog, Google said it partnering with the three of the nation’s largest wireless carriers — AT&T, Verizon and T-Mobile — to bring its Google Wallet mobile payment app to their Android phones later this year.  

Google also said it has purchased some technology and intellectual property from payments firm Softcard (formerly known as Isis) to make Google Wallet better.

Seattle – Amazon.com is not the devil by any means, but the e-commerce giant is reportedly interested in “wearing” Prada and other high-end brand names on its site. According to Bloomberg, Amazon is in the midst of a major push to become a player in the word of designer fashion retailing.

Footwear giant Wolverine World Wide's new outlet store format brings together an assortment of Wolverine's diverse brands in an environment that reflects the company's heritage and dedication to craftsmanship. The design, by Wolverine's consumer direct, store development team in partnership with the Carlson Group, marries a factory/warehouse­inspired material palette with clean, modern forms and a simple, but highly flexible merchandising system.