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Corporate Governance

  • Former Target digital strategy exec heads to Adconion Direct

    Adconion Direct, a leading global cross-channel digital advertising company, has named Nathan Jokinen as VP of strategic development. Jokinen spent nearly a decade in business development and digital strategy at Target.

  • New Dickey’s Barbecue Pits in Texas and W. Virginia

    Dallas — Two new Dickey’s Barbecue Pits will open on January 23, one in Lumberton, Texas, and another in Fairmont, W. Va. Both will offer the first 50 customers gift cards for up to $50.

    The Lumberton location will be franchise owner Andy Maredia’s second Dickey’s franchise in the area. He plans to open more locations in the future.

    The Fairmont franchisees Joe and Bonnita Pena plan to open five additional locations.

  • R.P. Wurster buys Plainfield, Ind., center

    Chicago  — R.P. Wurster has acquired the 49,967-sq.-ft. Plainfield Commons in Plainfield, Ind., for $6.35 million. The 100% leased community shopping center features anchor tenants Dollar Tree and Shoe Carnival. Shadow anchors include Target, Kohl’s, Pier One Imports and PetSmart.

    Mid-America Real Estate Corp.
    in cooperation with Mid-America Real Estate Corp. — Indiana brokered the transaction on behalf of the seller, RPD Catalyst.
     

  • American Eagle CEO Hanson resigns

    Pittsburgh -- American Eagle Outfitters said that CEO Robert Hanson, would leave the company, effective immediately. He was appointed to the position in late 2011, after 23 years at Levi Strauss & Co., where he served in a number of executive roles.

    Similar to many other teen retailers, American Eagle has been struggling. The company reported a profit of $24.9 million in the three months ended Nov. 2, compared to $78.6 million in the year-ago period. Revenue was $857.3 million, a decline from $910.4 million a year ago.

  • Survey: One-in-four retail employees plan to change jobs in 2014

    Chicago -- Twenty-four percent of full-time retail employees plan to change jobs in 2014, three points above the average for all workers (21%) and up from 20% in 2013. According to a new survey from Harris Interactive, CareerBuilder and WorkInRetail.com, 51% of retail workers are satisfied with their jobs, down from 60% in 2013.

  • Toms CEO Mycoskie joins B Team

    Toms founder and CEO Blake Mycoskie is the latest recruit to join the B Team, a nonprofit initiative, co-founded by Sir Richard Branson and Jochen Zeitz. Mycoskie is the youngest member of team.

    The B Team was created to encourage businesses to be a driving force for social, environmental and economic benefit.

  • eBay reports strong Q4 quarter; Carl Icahn looks to spin off PayPal

    New York -- eBay posted a profit of $850 million, compared with earnings of $751 million a year ago, for its fourth quarter, ended Dec. 31, 2013, while revenues rose 13% to $4.5 billion, fueled by strong mobile results. In reporting its results, the company also said it has received a proposal from activist investor Carl Icahn seeking to spin off PayPal as a separate company.

  • J.C. Penney pursues sustainability in fiscal year 2012

    Plano, Texas – J.C. Penney Co. released its 2013 Sustainability Report, outlining sustainability initiatives pursued during fiscal year 2012 ended Feb. 2013. Highlights of the report included:

    • Stores and Operations: Through the company’s energy conservation efforts, J.C. Penney has received Energy Star certification in more than 500 locations and earned the Energy Star Sustained Excellence Award for five consecutive years.

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