Corporate Governance

A jump in mobile ads and daily users contributed to another strong quarter for Facebook — one that also beat analyst expectations.   For the second quarter ended June 30, total revenue rose 45% to $9.32 billion. This is a significant jump from $6.436 billion for the same period in 2016.    Revenues for the quarter also beat analyst forecasts of $9.20 billion, according to Thomson Reuters. This is the ninth straight quarter that Facebook has exceeded analyst expectations.  

Washington, D.C. -- Slower-than-expected growth during the first half of the year caused the National Retail Federation to lower its retail sales forecast for 2014. NRF said it now expects sales will grow 3.6% in 2014, down from its earlier forecast of 4.1%. The group joined other industry experts in forecasting a pick-up in activity in the next five months.  

Leading brand consultancy Interbrand named Josh Feldmeth CEO to succeed Lee Carpenter who is leaving the firm after 12 years.

In his role as CEO of Interbrand North America, Feldmeth will be based in New York and oversee the company’s New York, San Francisco, Toronto, Dayton, Cincinnati and BrandWizard offices. Feldmeth previously served as CEO of Interbrand’s New York, San Francisco and Toronto offices. He will report to Interbrand’s global CEO Jez Frampton.

Dayton, Ohio -- Interbrand, a leading global brand consultancy, announced Wednesday that Lee Carpenter is leaving his current position as CEO of the North America region. Carpenter, CEO of Interbrand North America since 2007, will step down from his full-time role, effective July 23. He will continue to advise Interbrand during the next three months, but has decided to focus his attention on other personal opportunities.   

Charlotte, N.C. will be home to the new global headquarters of Sealed Air Corp., as the global packaging company opens a state-of-the art, environmentally-sustainable campus to house its research and development facilities and corporate offices.

The $7.7 billion company said over the course of the next three years it will relocated roughly 1,300 jobs to North Carolina from its existing headquarters in Elmwood Park, N.J., and other facilities nationwide. Sealed Air employs roughly 25,000 people and is known for brands such as Cryovac, Bubble Wrap and Diversey.

Oak Brook, Ill. — Inland Real Estate Income Trust announced the acquisition of the 86,800-sq-ft. Pick ‘n Save Shopping Center in West Bend, Wisconsin. Lou Quilici, senior VP of IREIT Business Manager & Advisor, Inc., assisted Matthew Tice, VP of Inland Real Estate Acquisitions in the purchase of the property.

Footwear maker Crocs is undergoing a major restructuring that includes closing stores and job cutbacks.

The plan comes on the heels of the company's disappointing second-quarter earnings results. Earlier this month, Crocs reported that second-quarter profit fell 44% to $19.7 million.

Bentonville, Ark. - Sam’s Club will open a new store in Oxford, Alabama, on July 24. The store will bring 170 jobs to the community

A number of health and wellness services will also be available, including a pharmacy, optical center and hearing aid center.