Corporate Governance

City Furniture expands in Florida
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.
First Data: Consumer spending grows 4.2% in May
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.

Warby Parker to open 1950s classroom-styled store in Dallas

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.
Kohl’s further endears itself to Wisconsin residents

Kohl’s has further endeared itself to residents of America’s Dairyland with a sizable donation to the Children’s Hospital of Wisconsin.
Energy drink maker retracts distribution announcement

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.
Lululemon founder Wilson votes against reinstating directors

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.
Same-day delivery looking smarter with IBM

Crowdsourced same-day delivery service provider Deliv has joined IBM’s Ready for Smarter Commerce program in a move that creates new opportunities for other program partners.
Abercrombie taps exec from U.K. retailer Next as brand president

New Albany, Ohio — Abercrombie & Fitch Co. has named Christos Angelides president of its Abercrombie & Fitch and Abercrombie Kids brands, a position he is expected to take in October 2014. Angelides, 51, will report to A&F CEO Mike Jeffries and will have overall responsibility for all product and customer-facing activities for the Abercrombie & Fitch and Abercrombie Kids brands.

He will also be accountable for the financial performance of the brands.
Off price is on target at Burlington

Burlington Stores president and CEO Tom Kingsbury has the operator of 523 stores headed in the right direction with an off-price model that is delivering results and poised for expansion.
Endicia releases return shipping solution

Palo Alto, Calif. — Endicia, a provider of e-commerce shipping technologies and services, has released a solution called "Pay-on-Use Returns" exclusively for the United States Postal Service (USPS). Unlike traditional USPS labels, Endicia's Pay-on-Use Returns shipping labels are not pre-paid.

City Furniture expands in Florida

First Data: Consumer spending grows 4.2% in May

Warby Parker to open 1950s classroom-styled store in Dallas

Kohl’s further endears itself to Wisconsin residents

Energy drink maker retracts distribution announcement

Lululemon founder Wilson votes against reinstating directors

Same-day delivery looking smarter with IBM

Abercrombie taps exec from U.K. retailer Next as brand president

Off price is on target at Burlington

Endicia releases return shipping solution