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Corporate Governance

  • Report: New York attorney general probes eBay, PayPal user agreements

    San Jose, Calif. — The New York attorney general’s office has reportedly notified eBay Inc. and PayPal Inc. that their revised user agreements may raise issues related to consumer protection regulations. According to the New York Times, the concern regards both companies requiring permission to contact users by phone for reasons including offers and promotions, surveys and debt collection.  

  • Restoration Hardware builds more momentum

    Restoration Hardware earnings surged in the first quarter on strong sales, giving a boost to the company as it embarks on expanding its business with new stores with larger showrooms.

    For the first quarter ended May 2, Restoration Hardware reported a profit of $7.2 million, or 17 cents a share, up from $1.8 million, or four cents a share, a year earlier. Excluding tax impacts, a prior-year litigation claim and other items, per-share earnings rose to 23 cents from 18 cents. Revenue increased 15% to $422.4 million.

  • Hudson’s Bay swings to Q1 loss, will open 12-15 stores in 2015

    Toronto, Canada – Hudson’s Bay Co. Inc. (HBC) swung a net loss of $54 million in the first quarter of fiscal 2015 from net earnings of $176 million in the year-ago period amid higher selling, general and administrative (SG&A) expenses even as as sales showed strong improvement.  

  • J.Crew fires head designer, trims staff

    Troubled specialty retailer J.Crew Group Inc. says it has laid off 175 staff members and fired its chief women’s designer.

    The company says the changes and business improvement initiatives will "better align with the current and future retail environment."

  • Shoe Carnival to expand with new, smaller-store concept

    EVANSVILLE, Indiana — Shoe Carnival plans to launch a complementary, small-market store concept. The new format will be approximately 5,000 sq.ft. or half the size of a current Shoe Carnival store.  

  • American Apparel has a new CIO

    American Apparel announced it has appointed Brian McHale as senior VP and CIO, with responsibility for overseeing information technology and computer systems.

  • Aldi to enter California market in 2016 with 25 stores

    Batavia, Ill. — Discount grocery powerhouse Aldi announced plans enter the nation’s most populous state, opening approximately 25 stores in Southern California by July 2016.      The chain’s expansion to California is an integral part of a five-year strategic plan to open 650 new stores across the nation. By the end of 2018, Aldi expects to operate nearly 2,000 stores.   

  • JDA to launch cloud-based solutions on Google Cloud Platform

    Scottsdale, Ariz. – JDA Software Group will release its next generation of cloud-based omnichannel and supply chain solutions on the public Google Cloud Platform. Through this collaboration, Google will provide a scalable and flexible technology platform via the cloud to support JDA’s future application development and delivery.   
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