Finance & Capital Management

New York – In a regulatory filing, PetSmart disclosed that its board of directors is considering changes to the company’s capital structure in order to return more capital to shareholders. The disclosure follows a July 3 announcement by activist investor Jana Partners that it holds a 9.9% stake in PetSmart and plans to ask the retailer to explore various options, including a sale.

Sears Holdings has named Kristin M. Coleman as SVP, general counsel and corporate secretary. Coleman most recently served as Brunswick Corporation's VP, general counsel and corporate secretary.

EnTouch Controls, a provider of cloud-based energy management services, is embarking on an aggressive growth strategy and to that end has appointed William Rickman as its new director of national accounts.

Rickman has more than a decade of experience of selling cloud-based financial services and fraud prevention solutions to the restaurant and retail markets.

Hoffman Estates, Ill. -- Sears Holdings announced today that Kristin M. Coleman will join the company as senior VP, general counsel and corporate secretary. Coleman most recently served as Brunswick Corporation's VP, general counsel and corporate secretary.

Coleman will be responsible for the oversight and leadership of Sears Holdings' legal business.

Dublin, Calif. -- Ross Dress for Less will open three new stores in Indiana on July 19. The stores include Waterford Park South Shopping Center in Clarksville, Shops on Main in Schererville, and Erskine Village in South Bend. 

These new openings are part of the retailer’s 2014 expansion program, totaling approximately 75 new locations during the year. 
 

Bed Bath & Beyond plans to spend nearly $3 billion buying back its own stock during the next two years after weak results earlier this year prompted a sell-off in the company’s shares.

Colorado Springs, Colo. -- Accellos and HighJump Software, each global providers of supply chain management software and trading partner network technology, have agreed to merge, creating a vendor with 11,000 customers in 23 countries with operations in North America, Asia and Europe. The combination of Accellos and HighJump brings together a set of technologies, including networked trading partner connectivity, warehouse management, transportation management, and route delivery.