Corporate Governance

The maker of DNA Energy Drink is eating its words after incorrectly announcing a distribution agreement between DNA Brands and Trenton Coca-Cola on Monday.

DNA’s president and CEO, Eric Fowler, said Wednesday that the announcement from earlier this week was incorrect and that there was no agreement for distribution between the bottling company and DNA. The announcement also quoted Chuck Jones, citing him as president of the bottling company even though he is not.

Taramac, Fla. — Furniture retailer City Furniture is completing a $17.5 realignment of its South Florida retail network with the opening of a new 34,000-sq.-ft. Ashley Furniture HomeStore in Cutler Bay, Florida. This location is adjacent to a 56,000-sq.-ft. City Furniture showroom that opened in October 2013, creating a 90,000-sq.-ft. superstore.

Atlanta — Consumer spending in the United States grew 4.2% year-over-year in May 2014, compared to April’s 4.1% year-over-year growth. According to Spend Trend analysis from First Data Corp., spending growth was driven by May’s warm weather, which specifically spurred spending on travel and home improvement.

New York — Online eyewear retailer is opening its sixth retail location, a 1,050-sq.-ft. store in Dallas. It will open on June 18.

Lowe's continues making advances in retail innovation with its new Innovation Labs and the first concept to come out of the lab — the Lowe's Holoroom.

Lowe's created the lab to build new technology to solve common consumer frustrations while working alongside startups, universities, specialized professionals and other companies.

Consumer spending in May increased 4.2%, according to the latest SpendTrend report from First Data Corporation, with the retail sector enjoying renewed vigor.

First Data’s SpendTrend tracks same-store point-of-sale data by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks from nearly four million merchant locations serviced by First Data. The spending increase of 4.2%, compared to 4.1% in April.

Amy Heidersbach, who has spent the last four years at eBay overseeing various marketing efforts, including Pay Pal, has joined customer experience management company Needle as SVP, chief marketing officer.

Heidersbach led PayPal’s $12.5 billion enterprise and retail solutions unit while at eBay and also was also on the executive team that founded X.commerce, the online auction house’s ecommerce platform division. Heidersbach brought X.commerce together with ecommerce platform Magento after it was acquired by eBay in 2011.

Vancouver, Canada — Lululemon Athletica Inc. founder Chip Wilson announced that he voted against the re-election of Michael Casey and RoAnn Costin to the board of Lululemon Athletica. Wilson, who founded the company in 1998, had been living in Australia and was asked by the company to return and deal with a quality control issue that resulted in a product recall during 2013.