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Corporate Governance

  • Sprouts is showing Whole Foods how it's done

    While Whole Foods Market and The Fresh Market struggle to eke out sales growth and profit, Sprouts Farmers Market is quietly emerging as a perennial winner in the grocery sector.

    Sprouts reported its third quarter results this week, and the company's financials exceeded company guidance and even Wall Street estimates.

    The grocery chain reported results for the 13-week third quarter ended Sept. 27 that included:

    • Net sales of $903.1 million, an 18% increase from the same period in 2014

  • Tommy Bahama, Waikiki, Honolulu

    Tommy Bahama brings its combination retail/restaurant concept to Honolulu, opening a 19,200-sq.-ft. flagship in the beachfront neighborhood of Waikiki.

    The three-level space houses a ground-floor retail space, a second story restaurant, and a rooftop lounge complete with a patio featuring a sand floor and fire pits.

    Uniquely Hawaiian details demonstrate authenticity throughout the space, which is open and airy has a traditional indoor/outdoor feeling.

  • What every retailer needs to know about holiday hiring

    For a variety of retailers – from supermarkets, to restaurants, to department and convenience stores – the holiday shopping season represents the peak time of year for staffing up on temporary workers to help meet all of the increase in consumer demand.

  • Victoria’s Secret opens new Nevada store

    Dunbar Commercial, a Henderson, Nevada-based commercial real estate brokerage firm, has secured a 10-year lease on behalf of Victoria’s Secret. Dunbar Commercial principal Bill Dunbar made the announcement.

    The 7,852-sq.-ft. Victoria’s Secret opened Oct. 23 at The District at Green Valley Ranch in Henderson. Dunbar Commercial represented both the tenant and landlord in the transaction.

  • Webinar: The Internet of Things: What Retailers Can Do to Stay Ahead

    Tuesday, Nov. 10, 2015
    2:30 PM - 3:30 PM EST

  • Lowe's to pay $1 million in overcharging settlement

    The New York attorney general's office has reached a settlement with Lowe's to refund up to 10% of flooring installation fees paid by more than 16,000 customers. The Associated Press reports that Lowe’s, with 64 New York stores, overcharged the customers with a deceptive sales practice that it has since agreed to halt. The retailer had offered installation of carpeting, tile, wood and laminate flooring by third-party contractors at square-foot rates that were applied to materials bought, not those actually installed.

  • Nielsen executive hired to oversee strategy at Signet

    Signet Jewelers has hired its first ever chief strategy officer to lead the jewelry company's transformation and future growth.

    The world's largest retailer of diamond jewelry announced that Uta Werner has joined the company as Signet chief strategy officer. Werner will be responsible for strategy development and execution and will be focused on the identification of growth opportunities, strategic planning and mergers and acquisitions.

  • A rough third quarter for Stein Mart

    Stein Mart reported negative same-store sales growth on the same day that the company also lost its chief merchant to an off-price rival.

    For the third quarter ended Oct. 31, Stein Mart comps fell 2.3%.

    "Unseasonably warm weather impacted traffic and our sales during the third quarter," said Jay Stein, CEO. "We continue to have a positive outlook on our important fourth quarter holiday sales which will include incremental sales from six new stores opened through the third quarter plus four more new stores opening in November."

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