Corporate Governance

San Mateo, Calif. – Six-in-10 (60%) of those who knew about any data breaches at notable retailers, such as Target and Neiman Marcus, hold the merchant responsible for preventing future incidents of a data breach. The “2014 Consumer Reaction to Financial Data Breaches Study” of more than 2,000 adult U.S. consumers from Feedzai and Harris Interactive also found that 43% think nothing is more aggravating than getting credit/debit card data stolen.

As part of its international growth strategy, Gap plans to open five franchise-operated Old Navy stores in the Philippines in 2014.

The first two Old Navy stores will open in Manila this month, and there are plans to open three more stores in the second half of the year for a total of five Old Navy stores this year.

Retailers are enhancing shoppers’ digital in-store experience by adding lots of new applications which can overwhelm existing IT infrastructure. That’s why The Bon-Ton Stores built redundant capabilities with the help of Hughes to enable its e-commerce strategy.

Columbus, Ohio – DSW Inc. reported a net income increase in the fourth quarter of fiscal 2013 compared to the same period a year earlier, even as net sales dipped. Fourth quarter net income rose 4% to $28.1 million from $27.1 million, while net sales declined 4% to $572 million from $594 million and same-store sales remained flat.

GE has appointed Charles Nugent as VP, manufacturing, for GE Oil & Gas, reporting to Lorenzo Simonelli, SVP and CEO of GE Oil & Gas.

GE has 192 officers globally who lead large revenue-generating businesses or are in critical technology or functional roles, charged with helping to drive growth.

Nugent has been with the company for 30 years, holding a number of leadership roles in plant management and operations with GE Aviation. Most recently, he served as senior executive of product management at GE Aviation.

Normal 0 false false false MicrosoftInternetExplorer4

Yonkers, N.Y. – Banana Republic will become a new retailer at the Ridge Hill shopping center in Yonkers, N.Y. Forest City Ratner Companies (FCRC), the developer and owner of Ridge Hill, said the Banana Republic location will open beneath the center's Uniqlo store.

Bentonville, Ark. – Wal-Mart is piloting a new small format convenience concept called “Walmart To Go.” The first Walmart To Go store has opened in Bentonville, Ark., location of the retailer’s corporate headquarters.