Corporate Governance

Fremont, Calif. – The Men’s Wearhouse has appointed B. Michael Becker to its board of directors. Becker has served as a director at Vitamin Shoppe, Inc. since January 2008 and is chairman of its audit committee.

Becker spent his career as an audit partner for Ernst & Young LLP from 1979 until his retirement in 2006. He was a senior consultant on airline risks to Pay Pal, Inc. from August 2008 to November 2009.

New York -- Wal-Mart Stores has put its ambitious expansion plans in India on hold indefinitely. The discounter and its joint venture partner in India, Bharti Enterprises, are parting ways after six years, the companies announced.

London -- Storage Made Easy announced that the global cosmetics retailer Lush has chosen to use its Enterprise File Share and Sync solution with data stored on OpenStack Swift.


Lush ran an initial two month trial with 50 people prior to moving forward with the Storage Made Easy solution. They subsequently rolled out the solution in stages, by department, first to 150 people and then on to 300 people, and then again on to 500 people.

West Chester, Pa. - Liberty Interactive Corporation plans to create a QVC Group tracking stock as part of a recapitalization of the Liberty Interactive Group tracking stock. The QVC Group class of common stock will track the value of QVC, Inc. and Liberty's approximate 38% interest in HSN, Inc., along with cash and certain liabilities.

Seattle – Starbucks is opening a new Evolution Fresh juicery in Rancho Cucamonga, Calif., that the retailer says will quadruple its production of cold-pressed, never-heated juice. The $70 million, 264,000-sq.-ft. facility features advanced technology such as High Pressure Processing (HPP) machines.

Philadelphia -- More than three-fourths (79%) of retailers expect an increase in sales this holiday season – the highest percentage seen since the financial downturn. That’s according to global management consultancy Hay Group’s seventh annual retail holiday survey, whose results were more optimistic that several other holiday forecasts.

Fremont, Calif. – The Men’s Wearhouse has rejected the unsolicited proposal by Jos. A. Bank to acquire the company for $48 per share, or about $2.3 billion.

Men’s Wearhouse said in a press release that the offer significantly undervalues the company, is inadequate and not in the best interests of the company or its shareholders.

Bloomberg Businessweek senior writer Brad Stone has authored a new book about Amazon that is a must read for anyone involved in the retail industry – especially Walmart.

Following a successful launch in China earlier this year, Hershey is ready to introduce its first new brand to the U.S. market in three decades.

Cosmetics retailer Lush is turning to Storage Made Easy’s Enterprise File Share and Sync solution with data stored on OpenStack Swift to help improve its global reach.


Lush ran an initial two month trial with 50 people prior to moving forward with the Storage Made Easy solution. They subsequently rolled out the solution in stages, by department, first to 150 people and then on to 300 people, and then again on to 500 people.

“Lush expects to reach more than 1,000 users by the time the solution is fully rolled out," said Jim Liddle, Storage Made Easy CEO.