Finance & Capital Management

San Jose, Calif. – eBay Inc. shareholders have reportedly voted themselves a measure of power to nominate directors on the company’s board. According to the Wall Street Journal, 59% of shares voting at the meeting approved allowing investors who hold at least 3% of eBay’s shares for three years to nominate up to 25% of the company’s directors.

Greenboro, N.C. – The Fresh Market Inc. has elected Michael D. Casey, CEO and a director of Carter’s Inc., and Robert K. Shearer, formerly CFO of V.F. Corp, and currently a director of Church & Dwight Co. Inc., as independent directors. With these additions, The Fresh Market’s board has nine directors, eight of whom are independent directors.

REI is looking to strengthen its omnichannel capabilities with a new distribution center in Arizona.

The outdoor retailer that it will open a third distribution center, located in Goodyear, Ariz., in 2016 to better support its website, stores and customers through faster product replenishment and delivery.

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Houston - Sunoco L.P. has appointed Matthew S. Ramsey as chairman of the board. Ramsey succeeds Sam L. Susser, who has resigned from the board to pursue other new business interests.

Ramsey has served as a director of Sunoco L.P. since August 2014, serving as chair of the audit committee and serving on the compensation committee. Ramsey also serves as a director of Energy Transfer Equity L.P. and is chairman of the audit committee, as well as a member of the compensation committee.

Sunbury, Pa. – A reduction in pretax income drove an 11% year-over-year decline in net income at Weis Markets Inc. during the first quarter of fiscal 2015. Net income fell to $13.11 million, from $14.77 million the same quarter a year earlier.

Net sales fared better, rising 4% to $712.43 million, from $687.13 million. Same-store sales rose 3.4%.

New York – Specialty eyewear Warby Parker has reportedly received $100 million in financing the company plans to use to build new brick-and-mortar stores. According to the Wall Street Journal, the round of financing, led by T. Rowe Price, values Warby Parker at $1.2 billion.

Publix continues to demonstrate that its customers indeed find that shopping there is a pleasure, judging by the grocery chain's first quarter results.

Publix’s sales for the first quarter of 2015 were $8.3 billion, a 6.8% increase from last year’s $7.8 billion. Same store sales increased 5.3%. Net earnings for the first quarter of 2015 were $548.9 million, compared to $493.7 million in 2014, an increase of 11.2%. Earnings per share for the first quarter increased to $0.71 for 2015, up from $0.63 per share in 2014. T