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Corporate Governance

  • Long-time Costco exec Craves dies

    Former Costco executive Robert Craves died last week shortly after being diagnosed with cancer, The Seattle Times reported. He was 72.

  • REI hires first chief creative officer

    Leading national outdoor gear and apparel retailer REI named agency executive Ben Steele as the company's first ever chief creative officer.

    Steele most recently served as executive creative director at Hornall Anderson in Seattle, a globally recognized brand experience design agency with additional offices in London and New York. He will start in his role at REI's headquarters on January 1, 2015.

  • Moody’s forecasts 4- to 5% sales increase in 2015

    New York -- The outlook for the U.S. retail industry in 2015 is stable, according to a new report by Moody’s Investor Service, which forecasts that retail sales will grow 3- to 4% in 2014,  and 4- to 5% in 2015.     The report, Moody’s U.S. Retail Industry Outlook, also finds that traditional brick-and-mortar retailers will be formidable competitors to pure-play online merchants.    
  • Target opening 6 p.m. on Thanksgiving; reveals extra-early Black Friday deals, extended hours

    Minneapolis --The competition for the holiday shopper continues with the news that Target Corp. is kicking off the holiday season extra early this year, with plans to offer early access to Black Friday deals for one-day only on Nov. 10, a pre-sale on Nov. 26, and a 6 p.m. store opening on Thanksgiving evening.
  • Belk partners with HelloWorld in multichannel holiday promotion

    Pleasant Ridge, Mich. -- Belk has teamed with HelloWorld, a provider of rich engagement solutions, to launch Santa Baby Sweepstakes, a holiday-themed multi-channel incentive program accessible across digital and mobile channels.   
  • Alibaba racks up $2 billion in sales in first hour of annual shopping festival

    New York --  Chinese E-commerce giant Alibaba Group Holdings sold about $2 billion worth of goods on its websites within approximately the first hour of its annual shopping extravaganza.    This is the sixth year Alibaba has celebrated Singles Day, or 11.11 (named after the date, 11/11), a 24-hour deep-discount festival designed to boost sales during an otherwise weak period in China's sales calendar.   
  • ARTS announces significant updates to data model standards

    Washington -- The Association for Retail Technology Standards, a division of the National Retail Federation, on Monday announced the approval of the ARTS Operational Data Model version 7.0, and the ARTS Data Warehouse Model 3.0.  
  • RetailNext names IBM exec as chief marketing officer

    San Jose, Calif. -- RetailNext Inc., a leader in applied Big Data for physical retail, named Marc Dietz as its chief marketing officer.    Dietz comes to RetailNext most recently from IBM where he led worldwide marketing for the company’s SaaS portfolio, including multiple acquisitions such as DemandTec, Coremetrics, and Silverpop.   
  • Heartland acquires XPIENT Solutions

    Princeton, N.J. -- Heartland Payment Systems, the nation's fifth largest payments processor and a leading provider of merchant business solutions, has acquired leading foodservice industry enterprise-level POS software provider, XPIENT Solutions.  
  • TechBytes: Three Ways SAP Bilt Enhances Customer Experience

    About a year ago, I wrote a TechBytes column about a concept app called “Snap", which SAP had developed to provide consumers with interactive instructions for assembling products at home. After some fine-tuning, SAP is now officially launching a DIY home assembly app called “Bilt” for Android and iOS tablet devices.   
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