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Corporate Governance

  • It's not about back to school, it's 'vacation season' for parents

    Kmart is taking a comedic approach to its back-to-school promotions this year with an eccentric ad campaign.

    The retailer has rolled out an ad that touts back-to-school season not being about students, but about parents getting ready to get their free time back.

  • Mid-America Real Estate names Urban Team VP

    Chicago – Mid-America Real Estate Corporation announced the addition of Lara Keene as VP to the Urban Team. Prior to joining Mid-America Keene was managing director at RKF and part of Baum Realty Group’s tenant and luxury division.

    Keene will be specializing in landlord and tenant representation with a focus on Chicago’s luxury fashion streets and neighborhoods.

  • Kroger looks to Liberty Mutual for loyalty program

    Kroger is partnering with Liberty Mutual on a new loyalty card program for shoppers, Loyalty360 reported Thursday.

  • Dillard’s feels department store pain

    Little Rock, Ark. -- Dillard’s Inc. profit declined 13.3% in the second quarter, but it still came in better than analysts had expected.

    Growth in shoes and some apparel categories helped Dillard’s post a feeble second quarter same-store sale increase, but it was too little for the department store retailer to avoid the sharp decline in profitability. The retailer’s profit for the quarter ending Aug. 1 was $29.9 million, down from $34.5 million in the year-ago period.

  • Stein Mart targets discount shoppers in N.Y., Mich.

    Off-price retailer Stein Mart is accelerating the implementation of its store growth strategy just as thrifty shoppers increasingly flock to discounters.

  • Nordstrom sizzles, especially online

    Seattle -- Finally some good news in the department store sector.

    Nordstrom Inc. on Thursday reported better-than-expected fiscal second-quarter earnings and sales.

    The retailer reported net profit of $211 million, or $1.09 a share, for the quarter ending Aug. 1, up from $183 million, or 95 cents a share, in the year-ago period.

  • PayPal gives retailers something to think about

    PayPal has revised its disclosure practices for material information in a way that could serve as a blueprint for retailers in the wake of a major insider trading bust that took down 32 hackers and brokers who allegedly reaped $100 million during a five year scheme to steal press releases.

  • Lowe's builds a new strategy with N.Y. stores

    Lowe’s is giving an overhaul to its store format strategy when it opens in New York City this week. 

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