Corporate Governance

Melville, N.Y. - Global Facility Management & Construction is naming two new members of its management team. Bruce Wollmuth has been named construction manager, leading a team of construction project managers.

Dallas – DGSE Companies Inc. swung to a net loss of $523,000 from a net profit of $300,000 in first quarter 2014. The retailer cited significant decreases in both bullion and scrap sales resulting from a drop in gold prices as affecting its performance, which included a 32% drop in revenue to $19.9 million from $29.2 million.

DSGE has closed 23 stores since February 2014 and expects $3.7 million in non-recurring charges in 2014 as part of discontinued operations.

London – U.K. swimwear and resort retailer Orlebar Brown has deployed NetSuite OneWorld to support its growth and continued global expansion. The company is leveraging NetSuite OneWorld's capabilities for financial consolidation, tax compliance support, and multi-currency and multi-language support point-of-sale (POS), for its Notting Hill store in London, as well as inventory management, order management and warehouse management to run its core mission-critical business processes.

Bentonville, Ark. -- Wal-Mart Stores posted disappointing results for its first quarter, with earnings down 5% as harsh winter weather kept shoppers away. The company also gave a weak earnings forecast for its current quarter that fell short of analysts' estimates.

For the period ended April 30, Wal-Mart earned $3.59 billion, compared with $3.78 billion a year ago, less than analysts expected. In addition to the unusually harsh winter weather, a higher-than-expected tax rate also hurt earnings, the retailer said.

Walmart continues to envision flat same store sales at its U.S. stores after reporting weaker than expected profits on weak U.S. sales results that were negatively affected by a winter that wouldn’t end.

Kohl’s joins a growing list of retailers whose first-quarter results took a hit from a severe and extended winter. Despite missing estimates, the company is staying firm on its guidance for the full fiscal year.

Retailers are really taking notice of how valuable pop-up shops are as a marketing tool, including PetSmart, which has partnered with the City of Detroit and the nonprofit community organization Detroit Dog Park to set up a portable, pop-up dog park in a vacant lot in Detroit.

Budweiser's limited-edition red, white and blue cans and bottles have started arriving on store shelves just in time for Memorial Day. The packaging also marks the brand's commitment to assisting military families: Budweiser and its wholesaler family will donate more than $3 million to the Folds of Honor Foundation.

Shoppers in Central and South America can now shop eBay in Spanish and Portuguese using their local currencies.

The global commerce platform and a mobile commerce leader launched Spanish- and Portuguese-language sites to better serve customers across Latin America.

More than 2 million people in Latin America already shop eBay in English and U.S. dollars. Now, when these customers visit eBay, they will see localized shopping experiences in Spanish or Portuguese — online and on eBay mobile.

Golfer Blayne Barber will partner with C9 by Champion, Target’s exclusive line of activewear, while competing on the Web.com Tour this season. The 24-year-old Lake City, Fla., native joins a roster of 12 other athletes supported through Target’s athlete program, and is the first to represent the C9 by Champion brand.