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Corporate Governance

  • EBay beats Street on Q3 revenue; lowers full-year forecast

    San Jose, Calif. -– EBay Inc. beat Wall Street estimates with its third quarter revenue results but lowered its forecast for full-year sales due to the impact of a May 2014 security breach. Net income fell 2% to $673 million from $689 million in the third quarter of fiscal 2013.  

  • Amazon to hire 80,000 holiday employees

    Seattle – Amazon.com is creating 80,000 seasonal positions across its U.S. network of fulfillment and sortation centers for the 2014 holiday season in order to meet an increase in customer demand. In 2013, Amazon converted thousands of seasonal employees into regular, full-time roles after the holidays, and expects to do the same this year.  

  • Gap approves $500 million share buyback program

    San Francisco –- Gap Inc. has approved a new $500 million share repurchase authorization for the company’s common stock, in an effort to return excess cash to shareholders. The new $500 million repurchase program for Gap’s stock follows the company’s previous $1 billion share repurchase program.   

  • Destination Maternity plans Israel expansion

    Philadelphia -- Destination Maternity Corp. will expand into Israel through an international franchise agreement with Israeli fashion retail chain H&O Fashion Ltd. (H&O). Through this relationship, Destination Maternity will introduce its Motherhood Maternity, A Pea in the Pod, and Destination Maternity brands into Israel, with the first franchise locations expected to open in spring 2015.    

  • Dollar General to build new DC in San Antonio, Texas

    Goodlettsville, Tenn. -- Dollar General Corporation announced plans to build a new state-of-the-art distribution center in San Antonio, Texas. It will be the 13th facility in the retailer’s growing distribution network.  

  • Report: Amazon, Sears remove swastika rings from websites

    Seattle –- Amazon.com and Sears Holdings Corp. have both reportedly removed men’s rings featuring the Nazi swastika emblem from their websites after public complaints. According to the Wall Street Journal, in both instances the items were sold by third-party vendors, but the companies handled the complaints differently.  

  • O Alliance names omnichannel expert as managing director

    New York -- The O Alliance, a new consulting firm helping retailers to create circular commerce, announced that it is expanding its senior management team with the appointment of retail industry veteran and multi-channel expert Walter Killough as a managing director. He will be responsible for business development, strategic partnerships and overall day-to-day management of the company.  

  • Ross Stores opens 28 new stores in Sept. and Oct.

    Dublin, Calif. –- Ross Stores opened 20 new Ross Dress for Less and eight new DD’s Discounts stores across 14 different states in September and October.     These new locations are part of the off-price retailer’s plans to add a total of approximately 75 Ross and 20 DD’s Discounts stores during 2014.  

  • Mattress Firm to open at Brookwood Village

    Birmingham, Ala. -- Brookwood Village, a mixed-use development located in the affluent Mountain Brook and Homewood area of Birmingham, Ala., announced that leading specialty bedding company Mattress Firm will join the shopping center’s merchant roster in 2015.       

  • Martha and Meredith in 10-year tie-up

    Martha Stewart Living Omnimedia and leading publisher Meredith Corporation have entered into a decade-long partnership that is being described as transformative.

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