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West Marine announced the company's board of directors has named Matthew Hyde, 49, president and CEO, succeeding Geoff Eisenberg, 59, who, earlier this year, disclosed his intention to step down upon the appointment of a successor. Hyde will join West Marine on June 19.

Better known as an electronics and appliance retailer, Minneapolis-based Best Buy entered kitchenware retailing when it joined forces with Cooking.com to launch the Best Buy Kitchen Shop microsite. The Best Buy Kitchen Shop is operated by the online kitchenware retailer and adds more than 3,000 kitchenware products to the Best Buy site. "We're always looking for ways to enhance our customers’ online shopping experience, and this partnership delivers more ways to shop when and where they want," said Liz Haesler, vice president of Home Business Group for Best Buy. 

Ross Stores reported Thursday that net income for the first quarter surged 21 percent to $208.6 million, from $173 million in the same period last year. Sales increased 14 percent to $2.4 billion, and same-store sales rose 9 percent. “We believe that favorable weather across many of our markets also contributed to our above-plan performance," said Michael Balmuth, CEO, about the results. Balmuth also said the retailer has increased its long-term store potential to 2,500 U.S. locations, comprised of 2,000 Ross Dress for Less stores (up from a prior target of 1,500 stores) and 500 DD’s Discounts stores.

Rakuten, a Japanese e-commerce company, is leading a $100 million investment in Pinterest, with participation from existing investors Andreessen Horowitz, Bessemer Venture Partners and FirstMark Capital, as well as a number of angel investors. Many people may still be unfamiliar with the Rakuten brand, but it's an international e-commerce powerhouse that sees itself competing with Amazon.com. Rakuten owns Buy.com, Rakuten Ichiba in Japan, PriceMinister in France, Play.com in the U.K., Tradoria in Germany, Rakuten Brazil, Rakuten Taiwan, TARAD in Thailand and Rakuten Belanja Online in Indonesia, as well as e-book publisher Kobo.

Sam Club president and CEO Ros Brewer on Thursday named Charles Redfield as Sam’s newest EVP merchandising to replace Linda Hefner who will relocate to Chicago, according to an internal announcement. The change comes only a few months after Brewer, a former Walmart U.S. store operations executive who joined the company in 2007, received the distinction of being named the first female CEO in Walmart history. She replaced Brian Cornell who resigned earlier this year citing family reasons and a desire to relocated to the Northeast. Less than a month after his departure he accepted a senior leadership role

Jacksonville, Fla. -- Stein Mart said Thursday that net income for the quarter ended April 28 slid 26% to $11.8 million, compared with $15.9 million in the same period last year. Revenue was basically flat at $303.4 million, missing Wall Street’s expected $303.9 million in revenue, and same-store sales dipped 0.4%. The company said it expects to open four new stores, relocate four stores and close four stores during the second half of 2

Secaucus, N.J. -- The Children's Place reported Thursday that net income for the first quarter slid 19% to $23.6 million from $29.1 million last year, but beat Wall Street forecasts and prompted the retailer to raise the low end of its full-year outlook. Revenue rose 2% to $438.5 million from $430.8 million, widely missing Wall Street’s expected $447.7 million in revenue, and same-store sales dipped

Sears Canada announced today that Sears Holdings Corporation, which holds approximately 95 percent of Sears Canada's common shares, has advised it that Sears Holdings’ board of directors has approved plans to pursue a distribution of a portion of its holdings in Sears Canada such that, immediately following the spin-off, Sears Holdings would retain approximately 51 percent of the issued and outstanding shares of Sears Canada. Sears Holdings has indicated that subsequent to the spin-off, it may sell, hold or distribute to holders of Sears Holdings’ common stock any portion of its remaining interest in Sears Canada.

Coraopolis, Pa.-based Dick's Sporting Goods plans to open 40 new stores and relocate five others in 2012. The company also expects to reposition two Golf Galaxy stores. Four of the new stores are slated to open in the second quarter of 2012. Currently, the company operates 486 Dick's Sporting Goods stores in 44 states, as well as 81 Golf Galaxy stores in 30 states. 

Everett, Wash. -- Action sports retailer Zumiez Inc. reported Thursday that profit surged 140% to $4.5 million for the quarter ended April 28, compared with $1.9 million for the year-ago period. Revenue rose 22.7% to $129.9 million from $105.9 million, and same-store sales climbed 12.9%. The company said it plans to open 50 stores in fiscal 2012, including up to 10 locations in Canada.