Corporate Governance

Henderson, Nev. -- Vestar recently completed a $120 million buyout from its joint venture partner, Rockwood Capital, to take full ownership and operations including property management, leasing and marketing of The District at Green Valley Ranch, a 37-acre, 384,107-sq.-ft. mixed-use center in Henderson, Nevada.  

Luxury handbags seem to be as common these days as smartphones, and therein lies the problem for rival brands Coach, Michael Kors and Kate Spade, who all reported quarterly results this week.

As these three luxury heavyweights battle it out against brand saturation and bored shoppers midway through the year, it seems as though only Kate Spade has all the right moves.

San Diego -- Petco on Thursday today announced several key changes to its leadership team.

In addition to adding chairman responsibilities to CEO Jim Myers' role, the company named Brad Weston as president.

Previously, Weston served as executive VP, chief merchandising officer and president of the company’s Unleashed by Petco unit. The retail veteran joined Petco in October 2011 and led the evolution of the Unleashed by Petco format.

Hangzhou, China – The apparel selection on Alibaba Group’s Tmall.com third-party marketplace is getting a lot bigger.

Tmall has formed strategic partnerships with more than 160 brands from 110 global apparel chains.  It will work with apparel brands in areas of new product launches, online-to-offline initiatives, data-driven operations, digital marketing campaigns and other services to enhance consumer shopping experiences.

Columbus, Ohio - L Brands Inc. continues its winning ways.

St. Petersburg, Fla. – HSN Inc. had a mixed second quarter, meeting Wall Street profit projections but falling short of sales estimates.

HSN’s net income totaled $41.6 million, up 2% from $40.9 million the same period the prior year.

Net sales grew 4% to $885.6 million from $855.2 million, including an 11% increase in digital sales.

Things really aren't as bad as they seemed a few weeks ago for Costco, which just reported a sizable increase in same store sales for July.

Batavia, Ill. – Aldi wants you – if you are someone looking for a store-level retail job.

The rapidly growing discount supermarket retailer will host hiring events throughout the U.S. during the month of August for more than 2,500 positions.