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Corporate Governance

  • Samsung Electronics appoints SVP, customer service

    Samsung Electronics America has appointed Rajiv Mehta as SVP of its customer service division.

    Since joining the company in 2011, Mehta has been responsible for all customer operations in the United States including its call center, field and depot operations and warranty administration. Mehta also oversees the company’s Quality Assurance Lab.

  • Dick’s opens three new stores April 25

    Pittsburgh – Dick’s Sporting Goods Inc. opens three new stores on April 25. The stores are located in Lawton, Okla., Alabaster, Ala., and Tampa. Fla.

    The Lawton store will be located at Lawton Town Center, while the Alabaster store will be located at Colonial Promenade Alabaster and the Tampa store will be located at Westshore Plaza. As of April 25, Dick’s will operate 566 stores in the U.S., including 11 in Alabama, 27 in Florida and eight in Oklahoma.

     

  • Fresh Thyme will anchor Cress Creek in Naperville, Ill.

    Chicago — Fresh Thyme Famers Market has leased 25,000 sq. ft. at Cress Creek Square in Naperville, Ill., from Arthur Goldner & Associates. Office Max will vacate the space, and the grocer will open in 2015. CBRE represented Fresh Thyme in the transaction.

    The center also hosts Binny’s, Blast Fitness and Car Quest as well as several smaller lifestyle stores and restaurants.

  • CPG vet Howe to lead Verify

    Michael Howe was named CEO at Minneapolis-based Verify Corp., a software provider with solutions focused on supply chain security and brand protection and consumer engagement and loyalty promotions.

    Howe has served in various executive leadership positions with Procter & Gamble, PepsiCo, Unilever, Arby’s and MinuteClinic. As CEO of MinuteClinic, Howe facilitated the national expansion of the business from 19 clinics in two markets to more than 525 clinics in 27 states. Most recently, he has served as chairman at Smart Receipt and DRX.

  • J&R Music to redevelop Manhattan store site

    New York – The owners of New York City’s famed J&R Music and Computer World, an independent music and electronics store in Lower Manhattan since 1971, have closed the store to redevelop its site.

    “J&R will close its doors so we can rebuild this location into what we hope will be an unprecedented retail concept and social mecca,” owners Joe and Rachelle Friedman said in a statement on the company’s website. “The buildings that J&R occupies have to be totally reimagined and developed.”

  • Gap has a tough March

    Because the Easter holiday is in April this year rather than in March as it was last year, Gap already expected March to be a challenging month performance-wise.  

    The retailer reported net sales of $1.5 billion for the five-week period ended April 5. Comparable sales for March were down 6% versus a 1 % decrease last year.

    “While March performance has been challenging, we remain confident in the opportunities ahead,” said chairman and CEO Glenn Murphy. “We are pleased to reaffirm our full-year EPS guidance range.”

  • DSW to launch new retail format under Yellow Box banner

    Columbus, Ohio -- DSW Inc. is bringing women’s footwear brand Yellow Box into the retail arena. DSW’s Affiliated Business Group (ABG) division has entered into an agreement with Yellow Box Corp. to operate stores under the Yellow Box banner. The company plans to open Yellow Box stores throughout the United States, starting off with three to five store openings in 2014.

  • Tiffany’s general counsel to step down

    New York -- Patrick B. Dorsey, general counsel and secretary of Tiffany and Co. since 1985, has decided to retire from the company effective May 22. On that date, Leigh M. Harlan will be promoted to the position of senior VP, secretary and general counsel with responsibility for the company’s worldwide legal affairs.

    Harlan will report to Michael J. Kowalski, Tiffany’s chairman and CEO. Harlan, 37, came to Tiffany in 2012 from Cravath, Swaine & Moore, a New York City law firm, where she practiced corporate, transactional and finance law.

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