Corporate Governance

The nature of competition in the retail industry is not what it used to be. Decades of consolidation concentrated sales among a top tier of mega-retailers fueled deal-making among product manufacturers and others who serve the retail industry.

The top 10 U.S. retailers now account for more than $1,200,000,000,000 (zeroes added for effect) and that figure swells to $1.5 trillion if the next 10 largest are include. The big have gotten bigger and will continue to do so in the near term, however there is also a dramatic “re-fragmentation” of the retail industry underway.

Washington, D.C. - The Retail Industry Leaders Association (RILA) is publicly supporting the Data Security and Breach Notification Act of 2015.

In advance of the Energy and Commerce Committee’s markup of the bill, RILA released a statement saying retail and grocery industries have long been in support of a federal data breach notification and data security law that sets a single national standard.

St. Louis – Build-A-Bear Workshop Inc. has named Chris Hurt as COO. Hurt has more than 20 years of retail experience in senior leadership roles and most recently held the position of senior VP of North America at American Eagle Outfitters Inc.

Hurt will lead the Build-A-Bear Workshop retail and operations teams to drive sales and profits, while promoting ongoing growth for the business. He will oversee all business operations, including the corporate strategy and structure for stores. He will report to Sharon Price John, CEO.

H&M gave new meaning to the phrase “pop-up store” with a merchandising initiative at its Times Square location focused on conscious commerce.

The retailer, which operates 3,100 stores worldwide, chose the New York flagship location as the launch point for its H&M Conscious Exclusive Collection and the opening of its Conscious Pop-Up Store. On hand for the opening were actress Olivia Wilde and Barbara Burchfield of Conscious Commerce.

Philadelphia -- Pennsylvania Real Estate Investment Trust and The Macerich Company announced that they have reached a tentative agreement with the City of Philadelphia on a redevelopment and re-branding of the Gallery shopping mall and transit center in the heart of Center City.

Kmart is taking its long-running affiliation with March of Dimes to a new level this year with the help of America’s fiercest fitness expert.

Littleton, Mass. - Dover Saddlery Inc. entered into a definitive merger agreement with a company formed by Webster Capital. Webster will acquire all of the outstanding shares of Dover common stock for $8.50 per share in cash and take Dover private.

San Jose, Calif. - EBay Inc. has appointed three new executives who will fill key positions on CEO-designee Devin Wenig’s leadership team. The company makes these appointments as it prepares for the separation of eBay and PayPal into independent, publicly traded companies in the second half of 2015.