Corporate Governance

Washington, D.C. – The National Retail Federation (NRF) is publicly crediting the Obama administration for its response to “patent trolls,” or companies that purchase patents for the sole purpose of launching infringement suits against other companies. The administration has implemented a series of executive actions designed to have the U.S. Patent and Trademark Office promote transparency, clarity and fairness in the patent process.

Boca Raton, Fla. – As part of its “Maxing Out Diversity” program, OfficeMax is partnering with healthcare company ViaQuest to develop a work-training facility and direct employment program to prepare veterans and people with disabilities for job opportunities at Ohio-based OfficeMax locations. The program, which will launch in summer 2014, is similar to those that OfficeMax has initiated in Alabama, Illinois, and Nevada.

Seattle - Starbucks Coffee Company has named Starbucks Canada executive VP and president Annie Young-Scrivner as executive VP and president, Teavana. Nine-year retail operations executive and employee resources senior VP Rossann Williams has been appointed senior VP and president, Starbucks Canada.

Teavana founder and CEO Andy Mack, having helped with the integration of Teavana with Starbucks, has decided to retire from the company.

Danbury, Conn. - Ethan Allen Interiors Inc. has appointed Daniel R. Bradley as its senior VP, Furniture Group. Bradley will lead the merchandising and manufacturing operations for the furniture group.

Bradley’s career in the home furnishings industry includes his most recent role at Furniture Brands International Inc. where he served as president designer brands. Prior to assuming that role, Bradley served as the president and CEO of Ferguson Copeland Ltd. and previously was president of Baker, Knapp and Tubbs.

Pleasanton, Calif. – Safeway Inc. is exploring a sale of the company as it reports substantial increases in net income due to its exit from the Canadian market, and smaller increases in net sales for the fourth quarter and fiscal year 2014. Although the discussions for a sale are ongoing, the company said it has not reached an agreement on a transaction, and there can be no assurance that these discussions will lead to an agreement or a completed transaction.  

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St. Petersburg, Fla. – HSN Inc. reported gains in net income and sales during the fourth quarter and fiscal year 2013, compared to the same periods a year earlier. During the quarter, HSN’s adjusted net income increased 7% to $59.9 million from $56 million, while net sales increased 4% to $1.02 billion from $982.9 million.

Atlanta – More than 50% of brands don’t have a strategy in place to manage responses to social media complaints from customers. Results of a recent survey conducted by Social Media Marketing University (SMMU) shows that 58.2% of brands receive customer complaints via social media “occasionally,” 10.9% receive them “somewhat often” and 4.9% receive them “very often.”

In total, almost 75% of brands receive social media complaints. In addition, survey results show:

Dublin, Calif. - Ross Dress for Less will open four new locations in the greater Chicago area on March 8, 2014. These openings bring the total number of Chicago area stores to 35 for the retailer.

The Woodlands, Texas – Conn’s Inc. released preliminary fourth quarter net sales and same-store sales results for its retail segment that suggest strong financial performance. On a year-over-year basis, Conn’s net sales for the fourth quarter of fiscal 2014 were an estimated $301.6 million, increasing $93.3 million, or 44.8%, from the same period last year.