Lululemon founder Wilson votes against reinstating directors
Vancouver, Canada — Lululemon Athletica Inc. founder Chip Wilson announced that he voted against the re-election of Michael Casey and RoAnn Costin to the board of Lululemon Athletica. Wilson, who founded the company in 1998, had been living in Australia and was asked by the company to return and deal with a quality control issue that resulted in a product recall during 2013.
Wilson oversaw a management shakeup that resulted in a new CEO and head of product quality. Casey, a former Starbucks executive, recently rose to chairman of the board from lead director after Wilson announced his resignation as chairman to focus on other ventures. Costin is president of a private Boston-based equity company that focuses on investing in early and expansion-stage consumer product and retailing companies.
"After being asked by the board to come back from Australia to help the company recover from the product recall last year, I have decided to vote against the re-election of the company’s outside board members,” said Wilson. “While I am excited about the new management team that I helped put in place, I am concerned that the board is not aligned with the core values of product and innovation on which Lululemon was founded and on which the company thrived. As a 27% shareholder in the company, I believe change is now needed at the board level to increase shareholder value."
Hawaii-based KTA Super Stores upgrades Symphony EYC G.O.L.D.
Hilo, Hawaii — KTA Super Stores, a six-store supermarket chain serving the main island of Hawaii, has finalized upgrading Symphony EYC G.O.L.D. to the latest software version. The new capabilities including direct store delivery (DSD) and invoice reconciliation are the first step in KTA’s incorporation of the latest enhanced version of Symphony EYC’s merchandise management system, which is planned to be implemented across all of its island stores.
“The addition of direct store delivery and invoice reconciliation helps KTA both expand its options for customer shopping and streamline its financial processes,” said Lon Taniguchi, VP, IS of KTA Super Stores. “Looking forward, KTA anticipates that the rollout of the latest Symphony EYC Merchandise Management and Master Data Management solution across all six grocery stores will make us the grocery of choice for the island of Hawaii.”
Italian hypermarket retailer Bennet implements Checkpoint EAS
Montano Lucino, Italy — Italian hypermarket retailer Bennet has completed the rollout of electronic article surveillance (EAS) loss prevention solutions in its stores in Italy. The solution involves the installation of 1,000 P20 EAS antennas from Checkpoint’s Evolve solutions, as well as radio frequency (RF) tags, Alpha high-theft solutions and point-of-sale deactivators, in addition to the rollout of an RF source-tagging program aimed at increasing on-shelf availability, improving open merchandising while reducing labor costs and inventory shrink.
As part of the partnership, EAS labels will be applied to the merchandise during the manufacturing process, resulting in the items arriving in-store shelf-ready. This enables store associates to focus on customer-centric activities rather than attaching security tags. The program is being run through Checkpoint’s dedicated Source Tagging Evaluation Center, which considers technical, packaging and supply chain requirements when recommending the application of the most suitable EAS labels to the different types of merchandise.
“Checkpoint’s support has been invaluable,” said Luigi Forgione, director of the Bennet Group. “The company has worked closely with our technical team to create a solution that offers superior merchandise protection without affecting the store aesthetics. We are delighted with the final installation and look forward to extending our collaboration with Checkpoint, a company which shares our goals of being at the forefront of the retail industry by offering the greatest variety of products, ensuring our stores’ security in a new, modern and welcoming manner.”