Corporate Governance

Deep holiday discounts and the West Coast port dispute hurt profits at New York & Company Inc. during the fourth quarter.

Omaha, Neb. – Net income at Gordmans Stores Inc. dropped 15% to $2.3 million in the fourth quarter of fiscal 2014, from $2.7 million the same period a year earlier. Increased selling, general and administrative (SG&A) costs helped push down profits.

In 2015, the company plans to open six new stores, two of which opened in the Cleveland area earlier in March. Gordmans also plans to close one store later in 2015 when the lease term expires.

Houston – Mattress Firm Holding Corp. is revving up its growth in fiscal 2015, with plans to open 200 to 220 new stores.

Wayne, N.J. -- Toys “R” Us Inc. swung to a profit in the fourth quarter, amid a major restructuring initiative that looks to cut up to another $175 million in expenses.

Cost-cutting efforts ongoing at Toys “R” Us Inc. helped the retailer report a profit in the fourth quarter.

Overall, for the fourth quarter ended Jan. 31, Toys “R” Us reported a profit of $265 million, compared with a year-earlier loss of $210 million.

New York -- Retailers in the United States are taking a huge risk by underestimating the buying power of the over-50 generation, according to a new report by the Fung Business Intelligence Centre.
 
The study, “A Booming Opportunity: Profiling from a Graying America,” finds that the aging Baby Boomers will continue to be a growing consumer market for the next 20 years.

Austin, Texas – Whole Foods Market is bringing fresh food to the people of Portland, Oregon, through its My Street Grocery program. Operating from a refurbished classic trolley car, My Street Grocery is a mobile grocer that travels to neighborhoods throughout the Portland metro area and is focused on improving fresh food access and building community.

Big Lots hopes to give back to the communities it serves with a new charity focused on hunger, housing, health care and education.

Big Lots has announced that it has launched a nonprofit foundation to guide its charitable endeavors into the future.

The Big Lots Foundation will help strengthen the Company's philanthropic initiatives and support its commitment to making a difference in the communities where it operates.