Corporate Governance

Guest Commentary: Update on Price Advertising Litigation
By Lindsay Carlson, Adam Biegel and Kimyatta McClary, Alston & Bird LLP Over the past 18 months, there has been a significant increase in litigation and enforcement activity concerning comparative price advertising in the retail industry. Companies can face substantial reputational and cost consequences if targeted, and should consider examining their price advertising models and prepare to defend these models.
A big change for retail’s Big Show
The National Retail Federation has made a major change to the format and content of its annual trade show and convention, known as the Big Show, which is held every January in New York.

RetailROI Helps ‘More Than Me’ Combat Ebola in Liberia

The spread of the deadly Ebola virus has been all over the news lately. Protecting underprivileged children in West Africa from Ebola is one more important effort supported by RetailROI. Katie Meyler, founder of More Than Me, a non-profit dedicated to assisting at-risk youth in Liberia, recently discussed how More Than Me and RetailROI are helping to combat Ebola there.

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Alibaba net income drops in Q3

Hangzhou, China –- Alibaba Group Holding Ltd. reported net income of $494 million in the third quarter of fiscal 2014, down 39% from $803 million in the same quarter the prior year. Items including share-based compensation expense and the amortization of intangible assets helped drive down net income.
New “Life” for Coca-Cola

Coca-Cola Life, a new reduced-calorie beverage with a blend of cane sugar and stevia leaf extract, is hitting the stores nationwide.

Coca-Cola Life addresses the health concerns over sugary sodas. The green-labeled can or bottle contains 35% fewer calories than Coca Cola Classic and is said to taste closer to the original than Diet Coke, which is sweetened with aspartame.
Gap Raises Bar on Digital With New CEO

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Nielsen: North American consumer confidence up in Q3

New York -- Consumer confidence in the North America region improved four points to 107 on the Nielsen Consumer Confidence Index for the third quarter of 2014. Consumer confidence levels above and below a baseline of 100 indicate degrees of optimism and pessimism, respectively, with the latest results reflecting an outlook of cautious optimism.
New York & Company names Kohl’s veteran as president, COO

New York -- New York & Company announced that John Worthington has joined the company as president and COO, effective immediately. Worthington will lead the company’s store operations, real estate, outlets, finance, IT, sourcing and logistics areas.
CVS Q3 revenue up 10%

Woonsocket, R.I. -- CVS Health Corp. on Tuesday reported slightly higher-than-expected quarterly profit, helped in part by growth in sales of specialty drugs. Net income decreased 24% to $900 million from $1.21 billion in the year-ago period, primarily due to a $521 million pre-tax loss on the early extinguishment of debt.
SL Green Realty acquires 102 Greene Street

New York City -- SL Green Realty Corp. announced it has acquired the retail property located at 102 Greene Street for $32.25 million. The transaction marks the continued growth of the company’s prime retail property portfolio, which already includes several other assets in Manhattan’s SoHo retail district.