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Corporate Governance

  • Walmart donates nearly $1 million to help retail's front line

    Walmart is one step closer to fulfilling its mission of donating $100 million toward increasing the economic mobility of entry-level workers.

    The retailer and its Walmart Foundation are donating nearly $1 million to Innovate+Educate to fund research and build recommendations that support the advancement of entry-level workers in retail and adjacent sectors.

  • RetailNext: Holiday sales expected to climb only 2.8%

    A sluggish economic recovery will prevent sales from rising more than 2.8% this holiday season, according to analytics firm RetailNext.

    Last week, the National Retail Federation estimated a 3.7% increase in holiday sales, slightly less than last year. Deloitte also called for a 3.5% to 4% increase. This week the International Council of Shopping Centers predicted a 3.3% increase.

    RetailNext's forecast for U.S. retail stores this holiday season (November – December) includes:

  • New PetSmart brand unites health and philanthropy

    Pet lovers can now feed their own pets a wholesome meal and serve one up to a pet in need at PetSmart.

    The retailer has launched a new natural pet food line called Good Natured. But the natural formulation of the food is not the only special feature of this new brand: It also has a charity component. For every bag of food purchased, PetSmart will donate a meal to a pet in need through PetSmart Charities or PetSmart Charities Canada.

  • Report: American Apparel says it will turn profitable in three years

    Bankrupt American Apparel predicts in its reorganization plan that it will turn profitable in 2016, the Los Angeles Times reported. The company also warned that founder and ousted CEO Dov Charney remains a risk to its future. (Los Angeles Times)

  • Santa's sleigh will be powered by drones

    Best Buy has formed a retail partnership with the manufacturer of what is expected to be one of the hottest selling items in consumer electronics this holiday season.

    The retailer is teaming up with Yuneec International to offer the Typhoon drone series, which includes the Typhoon Q500 4K and Typhoon G multicopters, as well as the Typhoon Wizard, a new ultra-lightweight remote control drone.

  • Confirmation: The Third Wave of Physical Retail

    Please click here to preview the report.

  • Report: HEB mulls acquisition of Brookshire grocery chain

    HEB is considering an acquisition of regional grocer Brookshire Grocery, which would expand HEB beyond Texas for the first time, according to a new report.

    If this deal comes to pass it would put HEB in markets beyond Texas, as Brookshire has stores in Southwestern Arkansas and western Louisiana, reports MyEastTex.com. The company’s website store locator lists 117 stores — 80 in Texas, 26 in La. and 11 in Arkansas.

  • Report: American Apparel says it will become profitable in three years

    Bankrupt American Apparel predicts in its reorganization plan that it will turn profitable in 2016, the Los Angeles Times reported. 

    The company also warned that founder and ousted CEO Dov Charney remains a risk to its future.

    Read more by clicking here.

     

     

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