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Corporate Governance

  • Ikea looks to open its first store in Tennessee

    CONSHOHOCKEN, Pa. - Ikea hasa proposed plans for a possible store in the city of Memphis, Tennessee that could increase the Swedish retailer’s presence in the Southeastern United States as its first store in the state.    The potential store could open as early as fall 2016 and is contingent upon receiving all governmental approvals.  

  • Wal-Mart might appeal wage suit to Supreme Court

    New York - Wal-Mart Stores on Tuesday said that it might appeal the decision of the Pennsylvania Supreme Court, which ordered the discounter to pay $188 million to settle a class-action suit over worker pay.       The Pennsylvania Supreme Court upheld a 2007 lower court ruling in favor of  workers  who said Wal-Mart failed to pay them for all hours worked and prevented them from taking full meal and rest breaks.   

  • Report – Starbucks CEO, top execs sell millions of shares

    Seattle – Top executives of Starbucks Corp., including chairman, president and CEO Howard Schultz, reportedly sold a combined total of 448,320 company shares for about $37.54 million, an average of $83.74 each, on Dec. 9 and 10, 2014. According to Barrons.com, Schultz exercised options and sold shares for a total of $28.95 million, and also gifted 175,000 shares, leaving him holding about 16.78 million shares.  

  • Payments startup Adyen valued at $1.5B

    Fast-growing payments startup Adyen has secured $250 million from investors who have valued the Amsterdam-based startup at $1.5 billion.

    Adyen serves as a middleman for Facebook, Spotify, Airbnb and other merchants, enabling them to accept Visa, MasterCard and soon bitcoin in nearly 200 currencies worldwide.

    The eight-year-old company allows merchants to accept payments on the Web, mobile and more recently at individual points of sale.

  • TechBytes: Two Pros and Three Cons of TGI Friday’s ‘Mobile Mistletoe’ Promotion

    TGI Fridays has been getting a lot of attention for its holiday “Mobile Mistletoe” promotion, and not all of it has been for the right reasons. While Mobile Mistletoe is a great concept in omnichannel marketing and customer engagement, some flaws in the actual execution suggest TGI Fridays should have spent more time refining it before launch.  

  • Bebe names interim CEO to the post on permanent basis

    Brisbane, Calif. - bebe stores announded that Jim Wiggett has been named CEO and appointed to the company’s board of directors, effective immediately. He has been serving as interim chief executive since June 2014.  

  • Dunkin’ Donuts opens 6 stores in Miami

    Canton, Mass. – Dunkin’ Donuts opened six new restaurants and remodeled one location with existing franchise partners during the last several weeks in  the Miami-Fort Lauderdale market. Currently, there are more than 150 Dunkin' Donuts restaurants located throughout the area.    In total, there are more than Dunkin’ Donuts 150 restaurants in the Miami-Fort Lauderdale market.

  • Rent the Runway repositions brand with RedScout

    New York – Online fashion rental company Rent the Runway has partnered with innovation agency Redscout to help create the brand's new positioning, voice, logo and visual identity. Redscout helped Rent the Runway combine the two main focuses of the business, technology and fashion, into one synergistic and thoughtful vision across its online, mobile and brick-and-mortar platforms.  
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