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Corporate Governance

  • Report: Amazon Fire flop has repercussions

    Seattle – The flop of Amazon’s Fire smartphone device last year continues to have repercussions.

    According to the Wall Street Journal, Amazon has laid off dozens of employees who worked on developing Fire at its Lab126 innovation center in Silicon Valley.

  • Early look at Macy’s Backstage store

    New York -- Macy’s is set to unveil its new store banner, the off-price Macy’s Backstage, in the Queens borough of New York City and Huntington, New York, on Sept. 2.

    The store offers a no-frills shopping experience, according to the Associated Press, which was given a sneak peek at the new format.

    Click here for the story.

  • Noteworthy month for Simon's Premium Outlets division

    Indianapolis -- Simon announced the opening of an additional 250,000 sq. ft. of outdoor shopping space, significantly increasing the footprint of Chicago Premium Outlets in Aurora, Illinois. New stores including Saks Fifth Avenue Off 5th, Columbia Sportswear, UGG Australia, Vince, and the first Midwest outlet stores for Robert Graham and Clarins have joined existing brands such as Coach, Cole Haan, Michael Kors, Nike Factory Store, Skechers, Under Armour, and Vera Bradley who have expanded their presence.

  • NRLB ruling seen as easing way for unions

    New York -- In a long-awaited decision, the National Labor Relations Board has made it easier for contract workers and other temporary employees to more easily unionize.

    Business groups and associations, including the National Retail Federation, criticized the decision.

  • Not even Harper Lee could save BAM in Q2

    Books-A-Million needs a lot more best-sellers.

  • Lack of hit books hits Books-A-Million

    Birmingham, Ala. – Books-A-Million needs more best-sellers.

    A lack of hit books hit fiscal results of Books-A-Million Inc. during the second quarter of fiscal 2015. Net loss grew to $5.8 million from $3 million the same quarter a year earlier, with costs and expenses rising or staying flat in the face of slipping revenues.

    Net sales dipped to $107.9 million, from $108.3 million. Same-store sales dropped 0.3%.

  • Carhartt opens flagship store where it all began

    Workwear brand Carhartt has opened a flagship in the city where it was founded in 1889.  
  • RPAI adds retailers to Gateway Plaza

    Oak Brook. Ill. - Retail Properties of America Inc. has signed two new leases at its Gateway Plaza shopping center located in Southlake, Texas. Buybuy Baby and Cost Plus World Market, at Gateway Plaza located in Southlake, Texas. Buybuy Baby and Cost Plus World Market are both expected to open in fourth quarter 2015.

    The 365,200-sq.-ft. power center is anchored by Kohl's, T.J. Maxx, Old Navy, Ulta Beauty and Bed Bath & Beyond, as well as many other prominent national retailers and restaurants.
     

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