Corporate Governance

New York -- Kohl’s Corp.’s chief merchandising officer, Donald A. Brennan, resigned his position, effective as of April 1, 2014. Kohl's disclosed Brennan's departure in a filing this week with securities regulators.

Under a separation agreement with the department-store operator, Brennan will receive a one-time severance payment equal to 2.9 times his annual salary plus the average of the three most-recent annual incentive compensation plan payments paid to him, according to a regulatory filing.

Burlington, Mass. -- Sleepy’s, one of the nation’s leading mattress retailers,  has deployed  a cloud commerce platform as the backbone of its digital operations. The company has launched new web and mobile commerce sites new web and mobile commerce sites on the Demandware platform. Sleepy's switched from an on-premise platform to Demandware's cloud solution as part of a strategic move to advance its omni-channel initiatives and provide consumers with consistent experiences across all channels, including web, mobile and the physical store.

Gordmans Stores president and CEO Jeff Gordman has resigned his post. According to the company, he is retiring to spend more time with his family as well as to pursue outside interests. Board chairman T. Scott King will serve as interim CEO while the company searches for Gordman’s successor.

Boston -- The single biggest challenge for retailers is to understand, empower and represent the digitally empowered consumer across all touch points, according to new research from Oracle.

Although fourth-quarter sales at J. Crew increased, the retailer saw profit drop 42% in the quarter amid higher costs.

Net income fell to $5.92 million in the quarter, down from $10.2 million in the year-ago period.

Revenue increased 6.7% to $686.2 million. Retail store sales rose 5% to $438.6 million and direct sales jumped 10% to $238.1 million

Same-store sales, which include direct sales, increased 3%. Excluding a calendar shift, comparable-store sales increased 4%.

Pittsburgh — Dick’s Sporting Goods has announced the opening of two new stores, one in Wauwatosa, Wis., and the other in Daly City, Calif.

The Wauwatosa location will be Dick’s 8th store in Wisconsin and its 562nd nationwide. The Daly City location will be the 33rd California store and its 563rd in the U.S.

Deerfield, Ill. -- Walgreens on Tuesday reported a profit of $754 million for the second quarter, down from $756 million in the year-ago period, amid lower sales of generic drugs. The retailer also said it will close 76 locations in the second half, although it plans to increase its total store count by 55 to 75 by the end of the year.

Sales for the quarter ended Feb. 28 rose 5.1% to $19.6 billion, beating expectations. Prescription sales, which accounted for 62.2% of sales in the quarter, increased 7.0%.

Coty has appointed Mario Reis as EVP, supply chain, effective May 1. Based in Geneva, Reis will join the executive committee and report to CEO Michele Scannavini.  

Reis will replace Darryl McCall who will work on the transition and other projects to ensure continuity in supply chain performance before his retirement Dec. 31.