Corporate Governance

An “intense focus” on brand-building and improved product assortments led True Value to post a loss in the first quarter.

The retailer-owned hardware cooperative posted a net loss of $1.7 million, down $2.6 million compared to net margin of $0.9 million from a year ago. The company said the net margin decrease was driven by planned investment expense incurred in connection with the implementation of the strategic plan and was partially offset by a sales increase.

New York -- Off-price retailer Loehmann's announced that Jeffrey Cripe is joining the Loehmann's advisory board, as the company builds its online marketplace. Founded in 1921, the company closed its brick-and-mortar stores after its bankruptcy in 2013. Now under new ownership, the brand is being expanded online.

Spring is in full swing, and PetSmart wants its customers to celebrate new beginnings by adopting a new pet.

The retailer will be hosting a national adoption weekend between May 15 and May 17 at all PetSmart stores. More than 3,000 animal welfare organizations will be on-site at all 1,400 PetSmart stores in the United States, Canada and Puerto Rico to help customers find the perfect furry companion.

Shedding light on how Walmart plans to achieve digital and physical balance in its supply chain this week was Tracy Rosser, the retailer’s senior vice president of transportation and supply chain.

Speaking at an Institute for Supply Management conference in Phoenix, Rosser elaborate on Walmart’s plans to blend its traditional pallet drive supply chain focused on serving large format stores with new distribution challenges driven by shoppers evolving fulfillment expectations. T

New York -- Hip online eyewear retailer Warby Parker continues its brick-and-mortar expansion. The company has opened its 12th store to date, in Chicago’s Lincoln Park neighborhood.  

The 2,200-sq.-ft. store is Warby Parker’s first permanent location in the Midwest. It joins locations in cities across the nation, including such as New York, Miami, Dallas and Los Angeles.

H&M is making a big statement in Manhattan.

The Swedish fast fashion retailer will open its largest store in the world, in Manhattan’s Herald Center, on May 20.

Boston -- Gordon Brothers Group and Hilco Merchant Resources announced that they will begin going-out-of-business sales at Simply Fashion and Dots retail locations nationwide beginning May 7.

Hhgregg is partnering with Maytag once again on an omnichannel giveaway that honors everyday American heroes.

The retailer and appliance-maker will honor 10 deserving Americans who have had a profound impact on their community. Each hero will receive a free Maytag appliance and an Hhgregg gift card to thank them for their commitment. Additionally, hhgregg and Maytag brand are giving away appliances every day in May at hhgregg.com.