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Corporate Governance

  • Gap returning to television with ‘Dress Normal’ campaign

    New York -- Gap is returning to television. The brand debuted four commercials that will air on TV, in cinema, in stores and online. Created by Academy Award-nominated director David Fincher, the films were created with Wieden+Kennedy New York as part of Gap's new marketing campaign, Dress Normal. The TV campaign launches in the United States and United Kingdom in the week of Sept. 1.

  • Williams-Sonoma meets Q3 expectations; issues weak outlook

    San Francisco – Williams-Sonoma Inc. reported that its third quarter income rose 4% to $50.7 million from $48.9 million in the year-ago period, in line with forecasts. But the retailer issued a disappointing outlook for the current quarter.

    Second quarter net revenues grew 6% to $1.04 billion, from $982 million in the year-ago period.

    Total same-store sales increased 5.7%. Direct-to-customer revenues grew 9.4%.

  • Zale business cuts Signet Q2 profit, boosts sales

    Hamilton, Bermuda – Sixty-five days of performance from its new Zale division cut net income at Signet Jewelers Ltd. but boosted sales at Signet Jewelers Ltd. in the second quarter of fiscal 2015. Expenses related to the Zale acquisition helped reduced net income 13% to $58 million, from $67.4 million a year earlier.

  • Schuh Group acquisition cuts into Genesco Q2 earnings

    Nashville, Tenn. – Deferred expenses related to its 2011 purchase of Scotland-based Schuh Group, as well as a change in accounting for bonus for awards, reduced net income at Genesco Inc. to $4.8 million in the second quarter of fiscal 2015, down 43% from the same quarter the previous year.

  • Specialty Running Group names RunOn founder as senior advisor

    Denver - The Running Specialty Group, part of The Finish Line Inc. organization, has appointed Bob Wallace as senior advisor, strategic initiatives. Wallace founded specialty running retail chain RunON, which Running Specialty Group purchased in 2012.

    Wallace will serve as a key counselor to strategically plan and integrate growth opportunities surrounding industry trends while focusing on attaining operational excellence and being an ambassador to the running community. He entered the specialty running business in 1995.

     

  • La-Z Boy makes executive appointments

    Monroe, Mich. -- La-Z-Boy Incorporated announced the appointments of two executive officers. Doug Collier has been named senior VP of La-Z-Boy, chief marketing officer and president, international, and Darrell Edwards has been named senior VP of La-Z-Boy and chief supply chain officer.

    Collier rejoined La-Z-Boy Incorporated in June 2007 after two years with Select Comfort as chief marketing officer and senior VP marketing. Prior to Select Comfort, Collier held various leadership positions at La-Z-Boy from 2002 through 2005.

  • Circle K breaks ground on flagship

    San Jacinto, Calif. -- Circle K Stores, Inc. has broken ground on its newest flagship prototype in Southern California, a 4,500-sq.-ft. convenience store offering fresh food, a gas station with eight fuel pumps, and a self-serve state-of-the-art carwash. The combo concept, located in the city of Jacinto, is expected to be open for business in late 2014.

  • Dollar General remains committed to buying Family Dollar

    Goodlettsville, Tenn. -- Dollar General Corp. on Thursday reported earnings of $251.3 million for the second quarter, in line with expectations, even as its sales decelerated. The company also said it still wants to buy Family Dollar Stores, even though the rival discounter rejected Dollar General’s bid of its $8.95 billion offer last week.

  • Air quality and expenses eyed in China

    China is known for some of the worst air pollution in the world and to help improve the situation Walmart has launched a new initiative focused on helping suppliers reduced greenhouse gas emissions.

  • Walmart lawyer wants to talk

    Walmart’s seemingly endless Foreign Corrupt Practices Act investigation and mounting expenses drew the attention of the New York Times again this week which explored arcane legal issues that have muzzled a former Walmart lawyer.

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