Corporate Governance

Gymboree increased same store sales and profit in the second quarter, but the kids' retailer still plans to close dozens of stores and sell a distribution center.

Grapevine, Texas -- GameStop, which has long been known as an innovative company, has become one of the first major retailers to accept Google's new mobile payment system.

A “merchandising misstep” took its toll on Christopher & Banks in its second quarter as sales decreased more than expected.

Michael McCarthy spent 28 years at Sears Holdings before leaving the company in 2011, but now he’s back in new senior level role at the Sears Hometown and Outlet Stores.

Hoffman Estates, Ill. --  Michael McCarthy spent 28 years at Sears Holdings before leaving the company in 2011, but now he is back in new senior level role at the Sears Hometown and Outlet Stores.

In 2012, Sears Holding spun off the Hometown and Outlet division, which is now the operator of 1,215 hardware, appliance and outlet stores and a separate publicly held company.

Huntington Beach, Calif. -- Quiksilver Inc. has got the OK on financing and on some store closures.

Quiksilver Inc. has received preliminary approval from bankruptcy court for a $175 million bankruptcy financing package. The surf apparel chain filed for Chapter 11 protection on Sept. 9.

Indianapolis – Retail real estate firm Simon has announced the location for its Tulsa Premium Outlets.

The project will be built in the city of Jenks, Oklahoma. The first phase of the development will be approximately 325,000 sq. ft. and feature 80 to 90 stores. Construction in Jenks is scheduled to start in spring 2016 with an opening in summer 2017.

Corte Madera, Calif. – Restoration Hardware Holdings Inc., which is set to launch two businesses in its third quarter, had generally rewarding second quarter of fiscal 2015.

Net income rose 9% to $29.93 million from $27.25 million the same period a year earlier, with costs and expenses not growing at the same rate as sales.