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Corporate Governance

  • Vera Bradley taps former OfficeMax exec to head e-commerce, omnichannel efforts

    New York -- Accessories retailer Vera Bradley has named former OfficeMax executive Thomas R. Giacalone as VP e-commerce.

    "Growing our e-commerce business is a critical piece of our five-year strategic plan, and we are very fortunate to have someone of Tom Giacalone's background and caliber join Vera Bradley to lead this important function," said CEO Robert Wallstrom.

  • Michael Kors taps Toys ‘R’ Us exec as SVP, global ops

    Michael Kors has appointed Cathy Marie Robinson as SVP, global operations.

  • Westminster, Colorado, will redevelop former mall site

    Westminster, Colo. — The Westminster Economic Development Authority and the city of Westminster, Colorado, have entered into an agreement with OliverMcMillan to redevelop the 105-acre site of the former Westminster Mall.

  • RadioShack to scale back store closures

    RadioShack is scaling back its plans to close 1,100 stores. In a regulatory filing with the Securities and Exchange Commission (SEC), the retailer said its lenders are offering unacceptable terms for RadioShack to proceed with that many store closures. However, the company will still shutter a number of locations as part of its turnaround plan.
     

  • MasterCard: Retail sales show broad-based recovery in April

    Purchase, N.Y. -- After several months of sluggish retail sales, consumer shopping in the U.S. rebounded in April, according to the latest MasterCard SpendingPulse report, which aggregate national retail sales activity in the MasterCard payments network, coupled with estimates for all other payment forms, including cash and check.

  • Bon-Ton opens e-commerce fulfillment center in 2015

    York, Pa. -- The Bon-Ton Stores Inc. has secured a 743,000-sq.-ft. lease for a direct-to-consumer fulfillment center in West Jefferson, Ohio, with E Smith Realty Partners. The new e-commerce facility is expected to be fully operational and begin shipping orders by spring 2015.

  • Ralph Lauren executive vice chair to exit

    Ralph Lauren’s executive vice chairman Roger Farah plans to leave the company at the end of the month. Farah will remain on the board of directors until the expiration of his term on the date of the company’s 2014 annual meeting of stockholders in August.

  • Bebe shrinks net loss in Q3

    Brisbane, Calif. – Bebe Stores Inc. reported a net loss of $24.3 million in the third quarter of fiscal 2014, an improvement from the net loss of $49.3 million recorded in the same quarter a year earlier.

    However, net sales were $93.5 million, a decrease of 17.2% from $112.9 million for the third quarter a year ago.

    Same-store sales for the quarter decreased 5.7%.

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