Corporate Governance

RetailMeNot, a leading marketplace for digital offers, has added Eric Korman to its board of directors.

Korman recently served as president of Ralph Lauren's digital and global e-commerce division, where he was responsible for the company's digital businesses, marketing and operations, across all markets. In addition to leading the digital division, Korman is credited with establishing and managing Ralph Lauren's customer intelligence and experience management group, a global enterprise function supporting all global business channels.

New York - Online retailer Beyond the Rack has signed a long-term, 3,944-sq.-ft. lease at 561 Seventh Avenue, which will serve as the firm’s U.S. headquarters, with Handler Real Estate Organization. The tenant, relocating from the Bryant Park area, will occupy the entire third floor at 561 7th Avenue in December, pending build-out of the space.

Plano, Texas – J.C. Penney Company Inc. is raising capital by selling $350 million worth of senior notes due in 2019. The proceeds will mostly be used by pay off fees and expenses related to previous senior notes offering coming due in 2015, 2016 and 2017.

Austin, Texas -- Whole Foods Market announced its participation with Apple Pay, the new mobile payments platform from Apple.

Maxwell House has launched a sponsored digital content series called "Made Right Here," that showcases “made-in-America” stories as part of its efforts to rejuvenate the brand and tap into a new generation of coffee drinkers.

Produced in partnership with Coolfire Studios and Mr. Here Productions, "Made Right Here" features the people behind products manufactured all across the country, from the small sheds and workshops of artists to large gleaming factories run by assembly lines.

Washington, D.C. -- Retailers concerned by the lack of a West Coast longshoremen’s contract will continue to bring merchandise into the country at above-average levels this month but volume will drop from the record set in August, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.


Avon EVP and CFO Kimberly Ross, who joined the company in 2011, has resigned effective Oct. 2. VP and corporate controller Robert Loughran will be appointed acting CFO while the company finds a permanent replacement.

Bentonville, Ark. – Wal-Mart Stores Inc. is reportedly planning to do away with its Wal-Mart Express banner. According to the Arkansas Democrat-Gazette, an internal corporate memo indicates that Wal-Mart will rebrand its 21 Express stores, which average about 12,000-sq.-ft., to its larger 45,000-sq.-ft. Neighborhood Market banner in the next few months.