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Corporate Governance

  • Walmart CEO Bill Simon among senior execs added to NRF board

    Walmart CEO Bill Simon was among a group of six senior excutives added to the National Retail Federations board of directors.

    Simon will be joined by Beall’s CEO Steve Knopik, J.C. Penney CEO Myron Ullman, Tractor Supply CEO Greg Sandfort, SAP SVP Lori Mitchell-Kell and Utah Retail Merchants Association president Dave Davis.

    The retailers were elected to the board Sunday, the opening day of NRF’s 103rd Annual Convention and EXPO. They will serve three-year terms.

  • Mountain Dew expands Kickstart portfolio

    PURCHASE, N.Y. — Fans of Mountain Dew Kickstart will now have two new ways to invigorate their nights thanks to Mountain Dew Kickstart Black Cherry and Mountain Dew Kickstart Limeade, which debut in retail stores nationwide today.

  • RG Barry Brands bolsters e-commerce biz with new hire

    RG Barry Brands has named digital marketing veteran Heather Richard as its director of e-commerce.

    Richard will be responsible for strategy and management of R.G. Barry's online initiatives, including multi-brand direct Web store operations, online marketing and overall ecommerce channel growth.

  • New York & Co. gets through challenging holiday

    New York & Company CEO Gregory Scott is pleased with the company’s holiday performance. The operator of 514 stores has navigated through what it called a challenging retail environment to build on the momentum it generated in the first three quarters of the year.

    Comparable-store sales for the nine-week period ended Jan. 4 increased 1%. Additionally, the specialty apparel chain narrowed its outlook for the 13-week fourth quarter ending Feb. 1.

  • Express has deeper-than-expected drop in holiday store traffic

    When specialty retail apparel chain Express issued its fourth quarter guidance in early December 2013, it anticipated a promotional holiday season as well as a slowdown in traffic after the Thanksgiving week. What the company encountered, however, was a drop in traffic that was even deeper than expected because consumers waited until much closer to Christmas to shop.

  • Changes to Supervalu’s board

    Supervalu has elected Gerald Storch as chair of its board of directors. The appointment comes after Robert Miller, who has chaired the boar since March 2013, announced his resignation.

  • Lower demand for firearms and ammo at Big 5 Sporting Goods

    Big 5 Sporting Goods announced that their fourth-quarter sales results were affected by a lower demand year-over-year for firearms and ammunition products as well as a highly promotional retail holiday environment.  

    The company reported net sales of $248 million, an increase of 1.8% from $243.6 million for the prior-year quarter. Same-store sales decreased 0.5% for the quarter versus the prior year period.

  • Report: CEO of A&P departs

    New York -- Sam Martin, president and CEO of the Great Atlantic & Pacific Tea Co., has left the company, Produce News reported.

  • Former Barnes & Noble exec to head up Sam’s Club e-commerce site

    New York -- Former Barnes & Noble executive Jamie Iannone has been appointed president and CEO of Samsclub.com in a restructuring that integrates Sam’s Club’s online business into the Walmart’s Global eCommerce business unit based in California. Previously, most of the warehouse club’s online business was run separately out of the retailer’s headquarters in Bentonville, Ark.

  • Study: Retail execs expect Big Data advantages within five years

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