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Corporate Governance

  • Walmart to stop selling assault rifles

    New York -- Walmart plans to stop selling AR-15 assault rifles and other modern sporting rifles, a move the company says is motivated not by politics but by falling consumer demand.

  • Kate Upton ads a boon for Express?

    Express Inc. says improved marketing and merchandising measures led to strong profit and revenue performance in the second quarter.

    Net income totaled $21 million, compared to $6.9 million, boosted by gross profit resulting from cost of sales growth that was significantly behind the rate of net sales growth.

    Net sales increased 11% to $535.58 million from $481.42 million. Same-store sales rose 7% and e-commerce sales grew 21%.

  • Target explains chip cards to customers

    New York -- Target Corp. has finished EMV conversion at the point-of-sale. And the retailer is letting customers in on the news.

    The chain has posted an article, “Chip Cards at Target: Five Things You Need to Know Before You Check Out,” and related video on its blog.

    In the posting, Target gives customers some advice for using chip cards, including that they leave the card in the card reader until prompted to remove it.   

  • Abercrombie swings to loss in Q2 but still tops Street

    New Albany, Ohio – Efforts to change its merchandising and branding paid dividends at Abercrombie & Fitch Co., which reported smaller net loss and revenue decline than expected in the second quarter of fiscal 2015.

    Abercrombie reported a net loss of $810,000, compared to net income of $12.9 million the same quarter a year earlier.

    Revenue fell 9% to $817.8 million, from $890.6 million.

  • West Elm to open its first in-store shop — in London

    New York – In a first, West Elm, a Williams-Sonoma subsidiary, will make its products available outside of the brand’s own stores and website.

    The Williams-Sonoma subsidiary said it has entered into a partnership with U.K. department store retailer John Lewis to open an in-store shop in the newly renovated John Lewis flagship on Oxford Street in London. The shop will open on Sept. 3, following the launch of a branded West Elm shop online at Johnlewis.com.

  • Study: CMOs shifting marketing investments

    New York -- Technology-related spending by chief marketing officers (CMOs) is on the rise.

    According to a study from Foundation Capital, technology spend by CMOs will increase 10 fold in 10 years, growing from $12 billion to $120 billion.
     

  • JCPenney touts its green successes

    The J.C. Penney Co. Inc. is in the green again – at least when it comes to taking its sustainability responsibilities very seriously.

  • Walgreens manages energy expenses

    Deerfield, Ill. - Walgreens is taking a smart approach to energy expense management.

    The retailer expanded its use of EnerNOC's energy intelligence software to manage its utility bills at more than 8,300 sites across the U.S.

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