Corporate Governance

Ascena Retail Group named a new executive to lead its recently acquired Ann Inc. division.

Twenty-year Walmart veteran Laura Phillips is set to become the company's senior VP of sustainability, effective Jan. 1, according to GreenBiz. Manuel Gomez, who previously held the title, has accepted a new position with Walmart de Mexico and Central America as VP of strategy for e-commerce, the report said.

Phoenix -- BIG Shopping Centers USA and RED Development announced the addition of five retail assets totaling nearly 1.5 million sq. ft. in Arizona, Nebraska and Wisconsin to their recently launched joint venture BIG RED Portfolio.

The joint venture was launched in late 2014 with the acquisition of Camelback Colonnade in Phoenix. With the recent acquisition the portfolio now consists of nine retail assets totaling nearly three million sq. ft. in three states.

Everyone knows fraud is costly, but it be more expensive than you think.

In addition to typical fraud costs, such as the loss of goods and chargeback fees, merchants that sell digital goods, such as MP3 files and streamed movies, each spend an average of $10.1 million every year on fraud-related costs.

A new event for retailers and consumer package goods executives is taking shape called Shoptalk and the successful entrepreneurs behind its creation have big plans and funding to make it happen.

BrandsMart USA is giving its store in West Palm Beach, Florida, a comprehensive energy-efficient retrofit without tapping into its own capital.

The chain is the recipient of low-cost financing for the retrofit through the Florida Green Energy Works Program. BrandsMart received $2.225 million from a private investor for the project, which will include new HVAC systems, energy-efficient lighting and a new roof.

For the third consecutive year, Apple and Google came out on top in a ranking of the 100 most valuable brands in the world.