Corporate Governance

PGA Tour Superstore in 2016 will open its fourth store in the state of Arizona, in Tucson. Additional 2016 openings are to be announced.

The retailer will open a 25,000-sq.-ft. store at the Tucson Fiesta Shopping Center. The store will have multiple state-of-the-art swing simulators, practice hitting bays, a large putting green and an in-house club making and repair facility to provide a unique, interactive experience to golf enthusiasts of all levels.

When it comes to promoting high-end retail and product brands on social media, different platforms suit different companies.

According to new research from Engagement Labs, on Facebook, high-end shoe brand Christian Louboutin ranked first with the highest overall proprietary “eValue” social media measurement score, as well as the highest engagement and responsiveness scores among luxury brands studied.

The CEO of Ollie’s Bargain Outlet says the company’s recent IPO contributed to another strong quarter of merchandise margin and sales growth.

For the third quarter ended Oct. 31, the value retailer said same store sales increased 3.2%. Total net sales increased 16.4% to $174.6 million. Net income increased 39.4% to $6.8 million, or $0.11 per diluted share.

Executives from Staples and virtual reality firm Magic Leap have joined the strategic advisory board of leading online handbags, luggage and backpacks retailer eBags.

Mike Edwards, eBags president and CEO, said Faisal Masud, executive VP of global e-commerce at Staples, and Scott Henry, CFO at Magic Leap, would bring a wealth of wealth of entrepreneurial and operational experience and an understanding of what it takes to excel in a fast-paced technology to eBags as the newest members of the board.

Women’s lifestyle brand and retailer Vera Bradley is the latest company to feel the negative sales effects of weaning shoppers off promotions, but the strategic shift has done wonders for the company’s bottom line.

While same-store sales at Dollar General and Dollar Tree have decelerated of late, that is not the case with Canada’s largest dollar store operator which recently opened its 1,000th location.

Doug Tompkins, the founder of the North Face and Esprit apparel companies, died Tuesday in a kayaking accident in Chile. He was 72.

Tompkins was boating with others on a lake in Chile when his kayak capsized. Tompkins was rescued but spent a lengthy amount of time in the freezing water. He died of hypothermia in a hospital in Coyhaique.

Tompkins founded The North Face in 1964 as an outdoor outfitter and in 1968 he co-founded Esprit clothing, which would grow to do a billion dollars in sales. 

Pep Boys, which agreed to be sold to Bridgestone in October, said it is considering a competing offer from Carl Icahn's investment firm that is worth $2 million more.