Corporate Governance

The focus of retail analysts will be squarely on Target later this year when the company hosts an investor conference in Toronto on October 30. It will be the company’s first such event since entering the market and by the fall the company should have all of its 124 planned stores open and ready to roll for Christmas. For more details and to add to your calendar, click here.

FREMONT, Calif. — The Men's Wearhouse has appointed retail industry veteran Allen I. Questrom to its board of directors.

Questrom’s addition brings the Men's Wearhouse board to a total of nine directors, seven of whom are independent.

NEW YORK — Ahava, a leading skincare brand, has promoted Elana Drell Szyfer, currently CEO of the company in North America, to group CEO of Ahava globally. She replaces Yacov Ellis who has resigned his position to pursue new opportunities, following a 10-year tenure as CEO. 

Target’s second quarter just ended and if the dourest of back-to-school spending forecasts proves correct the company’s expectations for same-store sale growth in the range of 2% to 3% could prove optimistic and its third quarter outlook could come under pressure.

Target’s EVP of stores, Tina Schiel, and senior group manager of store planning, Nancy Devine, dug through the retailer’s photo archive and weighed in on the company’s evolving design philosophy.

Laysha Ward was among top business executives and celebrities who participated in the Network of Executive Women’s Executive Leaders Forum July 23-25 near Los Angeles. Ward, along with HSN CEO Mindy Grossman and actress turned activist Gina Davis, share insights about the state of women in business today and their personal experiences.

NEW YORK — Lower sales, weaker margins and higher costs at the Jones Group translated into a $3.4 million loss for the second quarter ended July 6, compared to a profit of $8.1 million in the year-ago period.

Revenue decreased 1.1% to $845.6 million from $855 million for the second quarter of 2012. Analysts estimated revenues of $832.06 million for the quarter. One bright spot for Jones Group was an almost 21% year-over-year increase in wholesale jeanswear sales.

WASHINGTON — The National Retail Federation has issued a statement from SVP and general counsel Mallory Duncan on U.S. District Judge Richard Leon’s decision regarding swipe fee reforms. The judge found that the Federal Reserve misapplied Congress’ intent when it implemented the required reforms. 

HUDSON, Ohio — Jo-Ann Fabric and Craft Stores America is holding a Teacher Appreciation Days savings event August 10 and 11, at the height of the back-to-school season.

PLEASANTON, Calif. — Safeway and the Safeway Foundation are holding an annual fundraising campaign together with the Muscular Dystrophy Association to support individuals and families affected by muscle disease.