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Corporate Governance

  • Report: HEB to hand out shares to 55K employees

    The New York Times is reporting that Texas grocery chain HEB is planning on distributing some 15% of the company’s shares to employees who are over 21 and have worked at least 1,000 hours in a calendar year. “So many in retail are competing in the race to the bottom, and people are the largest cost. So it seems logical to cut people, and lots of folks are doing it,” H-E-B president and CEO Craig Boyan said. “We think that’s a trap. We believe the race for the bottom cheapens the American experience.

  • Lawsuit highlights importance of ADA compliance

    Earlier this month, Reebok was hit with a proposed class action alleging that the company’s website violates the Americans with Disabilities Act because it is not accessible to the blind. The plaintiffs argue that Reebok.com contains “thousands of access barriers” that make it difficult — if not impossible — for blind customers to use the site.

  • Sears enters online home services market

    Rather than let third-party platforms have all the online home services fun to themselves, Sears is joining the game.

    Sears Home Services is launching a new site, SearsHomeServices.com, aimed at connecting homeowners with Sears-certified technicians. The site also offers do-it-yourself information. Technicians are regionally listed and rated by criteria such as number of repairs completed, average cost, and length of repair time. Customer reviews are also featured.

  • Publix same-store sales up but stock takes a hit

    Exceptional customer service continues to drive growth at Publix Supermarkets, which had strong earnings and same-store sales growth in its third quarter.

    Publix sales for the third quarter 2015 totaled $7.8 billion, representing a 6.3% increase from last year. Comparable-store sales for the third quarter of 2015 increased 4.2%.

  • Kmart re-imagines Bluelight Special for digital age

    Photo: Courtesy of Kmart/Wendy Williams poses during recent a Wendy Williams Show taping at Kmart where the retailer announced the Bluelight Specials are back.

    Kmart is hoping that bringing back a 50-year-old marketing strategy will ignite a new sales push online and in stores.

  • What retail CEO made an appearance on The Ellen DeGeneres Show?

    Ulta Beauty is not only “Ultra-beautiful,”  according to television personality Ellen DeGeneres, it’s also “Ultra-generous.”

    Capping off a partnership during the month of October with DeGeneres to raise awareness and funds for breast cancer research, Ulta CEO Mary Dillon appeared on the popular talk show and presented the host with a $2 million check made out to the Breast Cancer Reseach Foundation.

  • Amazon ends consumer-facing service

    Amazon.com is famous for launching new services and solutions at a dizzying rate, but the online retail giant is quietly preparing to close one down.

    In an announcement posted on the Amazon Local daily deals site, the retailer says it will stop deals on the site and app as of Dec. 18. Amazon Local will continue business as normal until that date. Amazon Local purchase vouchers will remain valid for five years from purchase date as required by law in all 50 states.

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