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Corporate Governance

  • Survey: Walmart, Office Depot and Macy’s best for working women

    New York City -- Walmart, Office Depot and Macy’s were the only three retailers listed among The National Association for Female Executives list of the "Top 50 Companies for Executive Women."

    According to NAFE, women represent 53% of the employees at these companies, on average. Women make up 23% of the board of directors at the NAFE Top 50, versus 16% across the boards of companies in the Fortune 500. In addition, women make up 22% of the executive level at companies in the NAFE Top 50, versus 14% across Fortune 500 companies.

  • Zumiez moving e-commerce operations to Kansas

    Everett, Wash. -- Zumiez Inc. will move its e-commerce fulfillment operations from its headquarters in Everett, Wash., to Edwardsville, Kansas, in May to accommodate their growing online business and to increase the speed of product deliveries to online customers.

  • PriceSmart in deal to build 6th location in Costa Rica

    San Diego -- PriceSmart announced that on January 9, 2012 it entered into an agreement to acquire approximately 16,038 square meters of property in La Union, Cartago, Costa Rica, upon which it plans to build its sixth warehouse club in Costa Rica.

    PriceSmart currently anticipates opening the Cartago Club in the summer 2013 in the market area where local Costa Rican press has reported that Sam's Club plans to operate its first warehouse in the Costa Rica market.

  • DSW contest searches for perfect FIT

    COLUMBUS, Ohio — DSW is giving students at the Fashion Institure of Technology in New York City a chance to accelerate their careers. The retailer announced that is sponsoring "A Design Affair," a contest that will award one winner with a cash prize, intership and his or her shoes being sold at DSW.

  • 2012 not looking good for consumer spending

    NEW YORK — The Deloitte Consumer Spending Index, released Thursday, continued downward in January and consumer spending will face additional economic headwinds in 2012, according to Deloitte. The Index tracks consumer cash flow as an indicator of future consumer spending.

  • Spalding serves up another endorsement

    BOWLING GREEN, Ky. — In time for the upcoming Olympic Games in London, Spalding has snagged Misty May-Treanor, a two-time Olympic gold medalist and the current no. 1-ranked American volleyball player in the world, for a long-term marketing, licensing and promotional agreement with the brand.

  • Retail sales poised for growth, IBM predicts

    ARMONK, N.Y. — Analysts at IBM are confident that retail sales are positioned for increases across a broad spectrum of categories.

    According to a report released by the company, the surge will be led by a projected 8.2% rise in men’s apparel sales.

    “The forecast of men’s apparel sales reflects a growing trend: men are definitely developing a taste for fashion – especially in business attire,” said Jill Puleri, global retail leader for IBM Global Business Services.

  • January promotional activity reflects EDLP emphasis

    Consistent with Walmart’s drive toward every day low prices, January saw the company run fewer, but larger advertising inserts, according to the latest information from marketing intelligence firm Market Track. To see how Walmart’s advertising activity stacked up to other top retailers, click here.

  • Reports: Google plans to open first freestanding store

    Dublin, Ireland -- Multiple reports on Thursday said that search giant Google plans to open its first stand-alone retail store, at its European headquarters in Dublin, Ireland.

    The company last year in London tested a 285-sq.-ft. in-store shop where consumers could try out and buy Chromebooks and a few accessories. Located in a computer store, the in-store shop was open for approximately three months.

    According to the reports, the Google store would be open to the public and would sell various Google merchandise.

  • Amazon.com in talks to open N.J. warehouses, seeks sales tax holiday

    Trenton, N.J. -- Amazon.com is contemplating opening two warehouses in New Jersey and is seeking a 22-month sales-tax holiday as part of the deal, according to reports by the Associated Press and the Philadelphia Inquirer.

    Amazon is not required, as brick-and-mortar retailers are, to collect the 7% state sales tax for purchases. If it acquires a physical presence in New Jersey by opening warehouses, it would have to collect taxes.

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