(Reuters) - Investment firm Neuberger Berman LLC has called on OfficeMax Inc's OMX.N chief executive and board to return money to shareholders in the form of a dividend or share repurchases and raised the specter of a proxy fight next year if the office supply chain fails to comply.Neuberger, in a filing with the U.S. Securities and Exchange Commission on Monday, also disclosed it held 5 percent of OfficeMax's shares, or 4.35 million shares, up from 4 percent earlier.In a letter to CEO Ravi Saligram dated June 18, Neuberger Berman Managing Director Benjamin Nahum said that the "anemic" job
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Dallas Business Journal by , Digital Content Producer View photo gallery (2 photos) Michael Francis Digital Content Producer- Dallas Business Journal Email | Linkedin | Twitter | Google J.C. Penney Co. Inc. J.C. Penney Co. Inc. Latest from The Business Journals J.C. Penney president leavingJ.C. Penney president Michael Francis leaves retailerEx-Target executive Francis leaves J.C. Penney after just nine months as president Follow this company announced Monday that Michael Francis is out as the company's president and that CEO Ron Johnson will assume responsibility for the company's marketing
San Francisco Business Times by , Web Editor Related: Retailing & Restaurants, Emeryville, Executive Profiles Web Editor- San Francisco Business Times Teaching toy maker LeapFrog Enterprises Inc. hired Greg Ahearn as its first chief marketing officer. John Barbour, CEO of the Emeryville company (NYSE: LF) will be Ahearn's boss. Ahearn worked previously at Toys R Us Inc. of Wayne, N.J., where he handled all marketing, advertising and promotions for that company and also Babies R Us and the FAO Schwarz brand in the United States. Before that he was vice president of marketing at the OddzOn toy unit of
German sports apparel maker Adidas withdrew its plans to sell a controversial sneaker featuring affixed rubber shackles after the company generated significant criticism when advertising the shoe on its Facebook page. The high-top sneakers, dubbed the JS Roundhouse Mids, were expected to release in August, according to the Adidas Originals Facebook page. “Got a sneaker game so hot you lock your kicks to your ankles?” a caption below a photo of the sneakers read.
Saks Fifth Avenue has launched a talent acquisition page on Facebook. The new “Careers at Saks” Facebook page will allow prospective job applicants to interact directly with Saks Fifth Avenue’s talent acquisition team, search available positions and keep up with Saks Fifth Avenue. The Facebook news feed will include “Jobs of the Day,” career and interview tips, and other pertinent updates weekly. Saks Fifth Avenue’s internal brand ambassadors will speak on behalf of the retailer as an employer.
(Reuters) - Women's apparel retailer Body Central Corp BODY.O cut its second-quarter outlook following heavy discounting to clear out inventory, sparking a selloff that wiped out half its market value for the second time in as many months.The mall-based retailer, which sells clothes, shoes and accessories to women in their late teens and 20s, has been struggling to drive sales for the past two quarters due to lackluster merchandise, losing ground to rivals such as Forever 21.Jefferies analyst Randal Konik said there was a "severe lack of visibility around the product issue," cutting his rating on the stock to
"Scott and Garance have had an incredible impact on style and fashion inspiring people everywhere.  We couldn't think of better storytellers to capture the way the world is wearing J.Crew." â Jenna Lyons The first of the two-part feature will launch exclusively at www.jcrew.com/HelloWorld on June 15th The feature will also include an invitation for customers outside of North America To learn more and achieve Insider status, simply provide your email atwww.jcrew.com/HelloWorld. Since 1983, J.Crew has established itself as a retail pioneer with its catalog, which has become an official style guide for many, and the introduction of
09:00 AM Eastern Daylight Time Vernon Hills Center store will be the first to feature the brand’s complete Fall assortment BROOKLYN, N.Y.--(BUSINESS WIRE)--Home furnishings retailer West Elm announced today that it will open a new retail store at 678 Post Road in Scarsdale, New York on June 28th. Located in the Vernon Hills Shopping Center, the Scarsdale store will be the first to offer the brand’s complete Fall collection featuring new furniture, textiles, decorative accessories and gifts created in collaboration with artists from South Africa. To celebrate the store opening, the brand is hosting a special sweepstakes* offering a
Today’s retailers have a greater-than-ever connection to consumers, thanks to mobile phones. That immediate access provides a prime opportunity to influence shoppers at the most critical decision points – when they are ready to learn about your products, access exclusive content or offers, and ultimately make a purchase. Quick Response (QR) codes offer a highly effective tool to engage customers on the spot, and connect them to the brand with a more informed, interactive and rewarding experience. To create a Blockbuster 2011 Black Friday marketing campaign, Mandee stores, a girls' apparel and accessories retailer, wanted a mobile strategy that