Corporate Governance

The Woodlands, Texas – Conn’s Inc. named a new CEO as part of a planned succession, and also announced it beat Wall Street expectations for profit in the second quarter.

Following a year-long repositioning initiative, Conn’s has appointed Norman Miller to serve as CEO and president.

Miller brings more than 30 years of business leadership experience, most recently serving as president of Sears Automotive, and as president and COO of DFC Global Corp.

San Francisco -- Come October, consumers will be able to buy clothing and other goods on their Apple TV.

In its never-ending quest to wind its way deeper into people’s homes, Apple Inc. on Wednesday unveiled a new version of its Apple TV, the set-top box device that lets viewers stream live video through such sources as Netflix and Hulu. In the most talked-about update, the device will now come with its own App Store, featuring apps for TV and video viewing, games, sports — and shopping.

New York -- Two very different retail companies have filed for Chapter 11 bankruptcy protection.

Supermarket retailer Haggen filed for bankruptcy after struggling for months to digest a huge acquisition that has proved troublesome from the start. Surfing and skate apparel chain Quiksilver Inc. also sought protection, a victim of online competition, fast-fashion merchants and teens’ fickle tastes.  

Here is more information on both:

New York – What’s in a name? When that name is Tiffany, as Costco discovered, potentially some hefty financial penalties.

Federal judge Laura Taylor Swain has ruled in favor of Tiffany & Co. in a suit the luxury retailer initially brought against Costco Wholesale Corp. in February 2013. The civil suit sought damages for what Tiffany said were fake “Tiffany” engagement rings Costco sold at one of its stores in Huntington Beach, California.

Two months after opening its first All American Sports Center, Dick’s Sporting Goods is extending the concept to two new markets in Ohio.

Minneapolis – Target Corp. has renewed its exclusive ATM services agreement with Cardtronics Inc. The latest agreement, a long-term renewal, extends a relationship between the two companies that was established in 2001.

Cardtronics currently owns and operates approximately 1,800 ATMs in Target stores located in all 50 states. All Cardtronics ATMs at Target stores participate in the company's surcharge-free Allpoint Network. Banks will have a chance to participate in the Cardtronics ATM branding program at some Target stores.
 

A California-based teen retailer is launching a major expense reduction initiative in the wake of disappointing second quarter results.

Issaquah, Wash. – Costco Wholesale Corp. is finally getting its online photo center partially up and running following a July 2015 data breach at the third-party hosting provider.

Returning users will have to create a new password before re-entering the site.

All photo center products except the mobile app, framed prints and mail order products are once again fully available. Costco expects to have the mobile app and mail order option available by the end of September, and framed prints available by mid-October.