Corporate Governance

SEATTLE — Amazon has launched its own currency, which customers will be able to use to purchase apps, games and in-app items from the Amazon Appstore and on Kindle Fire.

To celebrate the launch, existing and new Kindle Fire customers in the U.S. have had 500 free Coins — a $5 value — deposited into their Amazon accounts. 

Brooklyn, N.Y. -- Home furnishing retailer West Elm, owned by Williams-Sonoma, will open a store in King of Prussia, Pa., on May 16.

The 8,406.-sq.-ft. store will be the second West Elm store in Pennsylvania, following the Philadelphia store.

ATLANTA — Aaron's, a lease-to-own retailer specializing in the sales and lease ownership of residential furniture, consumer electronics, home appliances and accessories, has appointed Robert W. Kamerschen as the company’s new SVP and general counsel.

WESTBORO, Mass. — BJ's Wholesale will leverage Micros-Retail's loss prevention and business analytics solution, XBR Ingenium, to increase its asset protection team’s investigative capabilities and productivity.

Micros-Retail XBR Ingenium will allow BJ’s to generate flexible and behavioral exception reports, so it can focus on key areas of fraudulent activity. The business solution offers an interactive dashboard, so field users can quickly spot high-risk areas in their stores and districts.  

Katy, Texas -- The Vista Cos. said that Lindsay Kaye has joined the LaCenterra at Cinco Ranch team as director of marketing and public relations, effective April 23.

Kaye will handle marketing, advertising, event coordination and public relations for the LaCenterra at Cinco Ranch mixed-use development.

Prior to joining The Vista Cos. team, Kaye was promotions manager for Radio Disney.

Toys “R” Us has made some changes to its executive leadership.

The company has announced that Michael D. Fascitelli and Michael Ward have resigned their spots on the company’s board of directors. Fascitelli has been a director of the board since 2005, while Ward has been a director since 2007.

According to Toys “R” Us, neither Fascitelli’s nor Ward’s resignation was brought on as a result of any disagreement with the company. 

Foxborough, Mass. -- Charter Realty & Development said that it has signed a lease with consignment boutique Chic 2 Chic at the Foxborough Plaza, a 118,844-sq.-ft. shopping center in Foxborough, Mass.

The 22,000-sq.-ft. store is a relocation from downtown Foxborough and is the company’s only current store in the state.

The Foxborough Plaza, owned and managed by WP Realty, is almost 100% occupied, anchored by Ocean State Job Lot, and also featuring Dollar Tree, Dunkin Donuts and Xtreme Fitness.

Slidell, La. -- Dillard’s will anchor the fashion-oriented Phase II of Fremaux Town Center in Slidell, La., according to co-developers CBL & Associates Properties, based in Chattanooga, Tenn., and Stirling Properties out of Covington, La. Phase I of the project is currently under construction with approximately 330,000 sq. ft. anchored by Kohl’s, Dick’s Sporting Goods, Michael’s, T.J. Maxx, and Best Buy. Phase II will include up to 320,000 sq. ft. of additional retail space.