Corporate Governance

The top executive over Health and Wellness of Walmart's U.S. division is leaving to join Brookdale Senior Living as its COO.

Labeed Diab will have responsibility for all aspects of Brookdale’s operations, including community and field operations, marketing and sales. 

The splitting up of the eBay empire continues.

eBay has completed the previously announced sale of its eBay Enterprise division, which helps retailers enhance their online presence and e-commerce capabilities, to a consortium led by private equity firm Permira for $925 million. The consortium of buyers has separated eBay Enterprise into four distinct businesses:

Godiva Chocolatier has opened an in-store boutique in Macy’s Herald Square flagship in Manhattan.

Shoppers can create their own bespoke assortment of chocolates in the shop, which is accented with the brand’s signature gold throughout. The boutique features the largest chocolate case in North America. It’s also the first to include a large communal table, complimented by café seating.

Chief marketing officers at leading U.S. retailers are forecasting a 4.2% increase in overall holiday store sales, according to the 10th annual BDO USA survey.

This year’s BDO projection is only slightly higher than the National Retail Federation’s expected 3.7% increase to $630.5 billion, slower than the 4.1% increase during last year's November-December period.

Mega deals worth more than $1 billion drove the U.S. retail and consumer sector’s strong third quarter, according to PwC’s U.S. quarterly R&C Deals Insights report.

During the three-month period ending Sept. 30, 36 deals valued over $50 million were announced for the sector, with deal value up 64% in Q3, accounting for $46.6 billion, compared to $28.4 billion in Q2. Deal volume went up 6% from Q2, but down 36% from Q3 2014.

More than 100 senior retail executives are already confirmed as speakers for a first-of-its-kind event called Shoptalk that will be held next May with a focus on next generation commerce.

Organizers of the event have confirmed speaker participants including Jason Goldberger, president of Target.com and mobile; Casey Carl, Target chief strategy and innovation officer; Joe Megibow, chief digital officer at American Eagle Outfitters; John Koryl, president of Neiman Marcus stores and online and Andrea Wasserman, senior VP and head of direct-to-consumer at Nine West Group.

Walmart and Hobby Lobby top the retailer list of the first ever annual Faith Equality Index.

Faith Driven Consumer, a group that represents 41 million Christian consumers, has published an index rating the faith compatibility of major brands both in the consumer and entertainment spheres, as well as serving as a voice for this community.