Corporate Governance

By John Rossman, a managing director with Alvarez & Marsal

CAMDEN, N.J. — Campbell Soup Company has appointed Ed Carolan as president of U.S. retail and Tim Hassett as SVP and GM of Away from Home and as chief customer officer of Campbell North America. Both will report to Mark Alexander, president of Campbell North America.

Fort Worth — Market Street – The Woodlands, a mixed-use project north of Houston is welcoming four new tenants. Kate Spade will open a 1,907-sq.-ft. designer fashion store this fall. Also coming this fall are two more clothing stores: a 2,500-sq.-ft. Lucky Brand and a 3,719-sq.-ft. Vineyard Vines.

Just two weeks ago, Tumi opened a travel, business and lifestyle accessories shop.

Buoyed by strong sales and growing profitability, leading footwear retailer DSW Inc., preannounced second quarter sales and plans for a 2-for-1 stock split in advance of the release of second quarter results on August 27.

DSW’s sales for the second quarter ended August 3, increased 9% to $558 million from $512 million and same store sales increased 4.3% on top of a prior year gain of 4.2%. Those results prompted the operator of 377 stores to increase its full year profit forecast to a range of $3.60 to $3.80 per share from the previous range of $3.40 to $3.60 per share.

Winnipeg, Manitoba — Silver Jeans Co. has announced the opening of a loft concept store at La Plaza Mall in McAllen, Texas, on Sept. 13.

“We put a lot of work into making sure the store environment represents our brand,” said Michael Silver, Silver Jeans’ CEO. The 1,536-sq.-ft. loft will feature digital technology with a mobile point-of-sale system. A 6-ft media wall will display the latest ad campaign and music videos.

President Bill Clinton and Chelsea Clinton visited Kanombe school in Kigali, Rwanda, to see the P&G Purifier of Water packets at work as part of Procter and Gamble’s Clinton Global Initiative Commitment to Action to provide clean drinking water to those who need it most. 

New York — Korean fashion designer Boyoung Kim will open her first dedicated boutique on Columbus Avenue, said Faith Hope Consolo, chairman, and Joseph A. Aquino, executive VP of Douglas Elliman’s Retail Group.

NEW YORK — Soupman Inc., the parent company of The Original SoupMan, is about to see "the soup that made 'Seinfeld' famous" hit shelves at nearly 500 Walmart stores. 

The brand's soups, which are already sold in more than 4,000 supermarkets nationwide, include the classic soups that made the company famous: lobster bisque, chicken noodle, lentil and tomato bisque.