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Corporate Governance

  • Barnes & Noble expands BN.com Marketplace

    New York City -- Barnes & Noble said Thursday it has expanded its BN.com Marketplace, adding over one million new products to the catalog.

    The retailer also announced online third-party partnerships with Wayfair.com, Right Start, UnbeatableSale.com, School Specialty, Abe’s of Maine, Delivery Agent and more.

    BN.com Marketplace has introduced five new categories including Home and Gift, Consumer Electronics, Arts and Crafts, Toys and Games and Baby.

  • Mobile commerce drives eBay growth in Q3

    San Jose, Calif. -- eBay, which reported income and revenue growth for its third quarter, is seeing increased strength in its mobile business as more customers are turning to their smartphones to shop.

    eBay reported that revenue for the third quarter ended Sept. 30 increased 32% to $3 billion, compared with the same period of 2010. The company reported third-quarter net income on a GAAP basis of $490.5 million, up from $432 million in the year-ago period.

  • Retail crime cost U.S. retailers $41.7 billion in 2011

    PHILADELPHIA — Shoplifting, employee or supplier fraud, organized retail crime and administrative errors cost the retail industry $41.7 billion in the United States in 2011, representing 1.6% in sales, according to the Global Retail Theft Barometer released Tuesday by Checkpoint Systems. Of that, $18.4 billion was attributed to employee theft, $14.9 billion to shoplifters, $6.6 billion to internal error and $1.8 billion to suppliers.

  • Fifteen JCPenney outlet stores acquired by SB Capital

    COLUMBUS, Ohio — SB Capital Group, a Schottenstein affiliate, said Monday it has acquired 15 JCPenney Outlet Stores from JCPenney Co., and will rebrand the units as JC’s 5 Star Outlet.

    According to SB Capital, the stores will operate for up to a 21-month transitional period as JCPenney Outlet Stores, as the stores are converted to JC's 5 Star Outlet. J.C. Penney will continue to supply the stores with overstocks and end-of-season merchandise, and all existing store staffs and management have been retained.

  • Supervalu outlook cautious even as profits improve

    EDEN PRAIRIE, Minn. — Supervalu reduced it full-year profit forecast Wednesday morning, even though the company reported better-than-expected second-quarter sales and profits as a result of strategies president and CEO Craig Herkert said are yielding results.

  • GMA adds health and nutrition talent

    WASHINGTON — The Grocery Manufacturers Association has named Robert Burns, Ph.D., as VP health and nutrition policy. Burns was most recently owner of Nutrition Implications, a consulting firm focused on helping companies develop strategic approaches to nutrition and health, including engagement with external stakeholders and development of research and communications initiatives.

  • BJ's announces charitable donations

    WESTBOROUGH, Mass. — BJ's Charitable Foundation announced that it has donated $389,200 to 55 nonprofit organizations in the 15 states where BJ's Wholesale Clubs are located. The donated funds will be dispersed to organizations that focus in four areas: hunger prevention, self-sufficiency, health care and education, the company reported.

  • Toys"R"Us gives back with Shaq

    WAYNE, N.J. — Toys“R”Us announced that it has once again teamed up with four-time NBA Champion, actor, philanthropist and entrepreneur Shaquille O’Neal to launch its eighth annual nationwide fundraising campaign to benefit the Marine Toys for Tots Foundation.

  • Payless seeks charities for annual giving program

    TOPEKA, Kan. — Payless ShoeSource announced that it is inviting nonprofit organizations to join the retailer in its big holiday giving program, Payless Gives Shoes 4 Kids, where it will deliver more than $1.2 million of free shoes to children of families in need across the U.S., Canada, Puerto Rico and in 11 Latin American and Caribbean countries this holiday season.  

  • Charming Shoppes launches new global site

    BENSALEM, Pa. — Charming Shoppes announced that it has launched Sonsi.com to give customers around the world online access to fashion brands Lane Bryant, Cacique, Catherines, Fashion Bug and Loop 18, as well as more than 300 brands.

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