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Corporate Governance

  • OfficeMax, Office Depot reportedly discussing merger

    New York -- Office Depot and OfficeMax are in talks to merge, according to reports by the Wall Street Journal and Bloomberg.

    The retailers are discussing as potential stock swap that would result in a single company with nearly $18 billion in revenue, reports said. The combined company would be better positioned to take on Staples, Walmart and other competitors.

  • Report: Google planning to open retail stores

    New York -- Google is planning to open freestanding retail stores in the United States, with the first flagship locations open in time for the 2013 holiday shopping season, according to a report by online site 9to5Google.

    “Google feels right now that many potential customers need to get hands-on experience with its products before they are willing to purchase," the website reported.
     

  • Best Buy to make holiday price-matching permanent year round

    New York -- Best Buy Co. is making its holiday price-matching guarantee a year-round program. Taking aim against the increasingly popular practice of “showrooming,” the consumer electronics chain will match online prices starting March 3.

    Best Buy’s permanent price match has been expanded to cover almost all categories of merchandise. It does not cover phones purchased under contract.

    Best Buy will also decrease its merchandise return policy from 30 days to 15 days

     

  • Build-A-Bear Workshop widens Q4 loss; reports annual loss of $49 million

    St. Louis -- Build-A-Bear Workshop, which is in the midst of a major turnaround initiative, reported a net loss of $36.5 million for its fourth quarter ended Dec. 29, compared with a net loss of $9 million during the prior-year quarter.

    Total revenue for the quarter was $118.2 million, down 1% from the prior-year quarter.

  • PGA Tour Superstore to open in Irvine, Calif.

    Roswell, Ga. -- PGA Tour Superstore will open its second store on the West Coast, a 50,000-sq.ft, location in Irvine, Calif., later this year.

    "We are excited to be expanding into Southern California, which encompasses one of the nation's most renowned golf areas in the country," said PGA Tour Superstore president and CEO Dick Sullivan.

    With the addition of this store, the number of PGA Tour Superstores will increase nationwide to 17.

  • GNC reports strong Q4; to open 180 stores in U.S. in 2013

    Pittsburgh -- GNC Holdings is bullish on expansion. Reporting impressive results for the fourth quarter, the retailer plans to open approximately 150 net new U.S. stores in 2013, along with 30 net new domestic franchise locations, and 175-200 net new international franchise locations. It also will open 30 net new GNC-Rite Aid store-within-a-store locations.

  • Jo-Ann marketing head to assume merchandising responsibilities

    HUDSON, Ohio — Jo-Ann Fabric and Craft Stores has named Riddianne Kline SVP chief marketing and merchandising officer.

    In addition to retaining her current responsibilities overseeing both marketing and advertising for Jo-Ann, Kline will assume responsibility for the merchandising, product development and inventory management groups.

  • Stater Bros. promotes long-time exec to head of retail ops

    SAN BERNARDINO, Calif. — Stater Bros. has promoted Dan Meyer to the position of EVP retail operations. In this position, Meyer will be responsible for the retail operations of all 167 Stater Bros. Supermarkets as well as overseeing the day-to-day operations of the Corporate Training Center.  

  • CSA closed for Presidents' Day

    Due to President's Day on Monday, Feb. 18, Chain Store Age will not be publishing stories. We will resume publishing on Tuesday, Feb. 19.

     

  • RT will be closed for President's Day

    Due to Presidents Day on Monday, February 18, Retailing Today will not be publishing stories. We will resume publishing on Tueday, February 19. Have a great Presidents Day holiday!

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