Corporate Governance

Philadelphia – Although net income at Urban Outfitters Inc. slightly slipped in the second quarter of fiscal 2016 compared to the same period a year earlier, it still beat Wall Street expectations. Net income totaled $66.84 million, down 1% from $67.5 million.

Englewood, Colo. – Home shopping retailer QVC is expanding its omnichannel reach. QVC parent company Liberty Interactive Corp. is purchasing struggling online retailer Zulily Inc. for $2.4 billion in cash and stock.

Sidney, Neb. – Cabela’s Inc. is reorganizing its merchandising team with the transition of executive VP/chief merchandising officer Brian J. Linneman to the role of strategic advisor, effective Aug. 31. As part of this change, the company is promoting Scott K. Williams to executive VP and chief commercial officer, merchandising, along with marketing, e-commerce, real estate, and strategy.

Roger Verhulst, senior VP of merchandising, will continue to lead the merchandising teams and report directly to Williams.

Grapevine, Texas – Like many other retailers, GameStop Corp. employs seasonal hires for the holiday season. Unlike many other retailers, GameStop focuses on skill growth and professional success for its 17,000-23,000 annual seasonal hires.

QVC just gained some credibility among hipsters and millennials by buying a popular Internet flash sale site that caters to those younger shoppers.

Menomonee Falls, Wis. – Jonas Prising, CEO of staffing firm ManpowerGroup, has joined the board of directors of Kohl’s Corp. Prising will initially serve on the board of directors' Governance and Nominating Committee.

Prising has been elected to a term expiring at Kohl's 2016 annual shareholders meeting and will be eligible for re-election by Kohl's shareholders at that time.
 

Former Walgreens president and CEO Greg Wasson became the chain drug industry’s first executive to receive the Grocery Manufacturers Association’s highest honor.