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Corporate Governance

  • Ricky’s names CEO

    New York -- Ricky's has named Catherine Moellering, former executive VP at retail consultancy the Tobe Report, as president and CEO, Crain’s New York reported.

    Todd Kenig, the former CEO who founded the beauty store chain with his brother Ricky, left the company early this year. He was replaced in the spring by Richard Krantz, who is no longer with the company.

     

  • NRF: Revised credit card swipe fee settlement ‘manifestly unfair’

    Washington, D.C. -- A revised antitrust settlement on the issue of credit card swipe fees doesn't go far enough, The National Retail Federation said Friday.

  • REI names COO

    Seattle -- Outdoor gear and apparel retailer REI said Monday it has promoted Brian Unmacht to COO, expanding his role to oversee retail, e-commerce, merchandising, private brands, information technology and supply chain.

    Unmacht started at REI as a store supervisor in 1986 and has risen through the ranks, most recently serving as executive VP over sales, service, store development and logistics.

     

  • Snagajob poll: Election is non-factor for hourly employers’ decision-making

    Richmond, Va. -- Poll results released Monday by hourly employment network Snagajob found that most hourly employers are not waiting until after Election Day to make business decisions. The survey found that more than half of hourly employers (55%) cited potential healthcare requirements as the key presidential election issue most likely to affect their business. Possible economic stimulus plans (25%) and tax code changes (14%) were among other concerns weighing on hourly employers.

  • Japanese department store chain selects Teradata retail analytics

    Tokyo -- Analytic data solution-provider Teradata said Monday that Takashimaya Co. has completed deployment of a Teradata data warehousing environment to serve as the primary data analytics system for centrally housing and managing its product and customer information.

    Takashimaya is one of the world's largest chains of department stores, and is the nucleus of the Takashimaya Group worldwide.

  • Tuesday Morning loss widens in Q1; COO out

    Dallas -- Tuesday Morning Corp. on Monday reported a loss of $7 million for the quarter ended Sept. 30, widened from a loss of $5.7 million in the year-ago quarter.

    The clearance retailer’s new CEO Brady Churches also announced the departure of executive VP and COO Michael Marchetti, a 12-year veteran of Tuesday Morning.

    In the first quarter, the company saw revenue edge up 1.3% to $172.8 million and same-store sales increased 1.7%.

  • Wage-hour issues to consider during the holidays

    By Bruce M. Cross, [email protected]

    In the holiday rush, it's easy to overlook wage-hour issues. This article discusses common ones to which retailers should be alerted, including: temporary workers and independent contractors; unpaid interns and trainees; “off-the-clock” work, meal and rest breaks; seating requirements; cost of uniforms; workplace safety; and overtime exemptions.

    Temporary workers

  • Walmart Supercenter opens after eight years in the making

    Baltimore, Md. -- New York City-based Brixmor Property Group said Walmart Supercenter at Liberty Plaza, in Randallstown (Baltimore), Md., grand-opened on Oct. 17 in 160,908 sq. ft.

    Brixmor said that discussions with Walmart for the development of this supercenter began as early as 2004, as redevelopment efforts paved the way for the retailer.

  • Dave & Buster's names Xbox co-creator as senior exec

    Dallas -- Dave & Buster's Inc. said Monday it has named Kevin Bachus as its senior VP entertainment and game strategy, effective immediately.

    Bachus is co-creator of the Xbox videogame console system. He joins Dave & Buster's from social network Bebo, where he was chief product officer.
     
    In the newly created Dave & Buster’s role, Bachus will be responsible for driving the evolution from on-premise-based entertainment to multi-platform gaming, including mobile and online.
     

  • Cole acquires three retail centers for $130.9 million

    Phoenix -- Cole Real Estate Investments said it has purchased three retail power centers totaling about 875,000 sq. ft. for $130.9 million.

    The acquired properties are Hillside Town Center, a 165,000-sq.-ft. center in Hillside, Ill., for $27 million; White Oak Village, a 433,500-sq.-ft. property in Richmond, Va., for $68 million; and Barrow Crossing, a 276,000-sq.-ft. center in Winder, Ga., for $35.9 million. Barrow Crossing is a joint venture with Faison, the original developer of the property.

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