Finance & Capital Management

Seattle -- Starbucks Coffee Company announced that it has appointed Matthew Ryan as global chief strategy officer. Ryan was previously SVP of global brand, franchise and customer relationship management for The Walt Disney Company.

Hilton Head Island, S.C. -- Joint-venture partners Kroger Real Estate and Blanchard & Calhoun Commercial announced Wednesday the launch of construction on the Shelter Cove Towne Centre, a 42-acre mixed-use development on Hilton Head Island, featuring the debut of Kroger Marketplace on the Island.

Oklahoma City -- CVS Caremark Corp. will pay $11 million to settle federal claims that the company’s pharmacies in the state violated record-keeping requirements of the Controlled Substances Act.

Federal prosecutor Sanford Coats said Wednesday that CVS has agreed to the settlement to resolve all allegations. However, while CVS said that its stores must comply with the record-keeping requirements, it does not admit liability.

MINNEAPOLIS — Supervalu chief Sam Duncan continues to finalize his leadership team by naming Karla Robertson as EVP legal.

Home Depot announced that it has reached a tentative agreement in March to settle California lawsuits related to the sale of paints and coatings.

The company's recent 10-k filing with the Securities and Exchange Commission report followed up on 2010 allegations that the retailer sold products in three California counties and Los Angeles that exceeded the level of VOCs (volatile organic compounds) under the rules of the South Coast Air Quality Management District.

By Greg Munves, [email protected]

If you’re like many mid-level or tier one retailers, online or brick-and-mortar, you’ve probably made a significant investment in Big Data, capturing and analyzing customer buying patterns across your business. You may not realize, however, that this huge IT investment can actually be a profit center, if you sell your data back upstream to your suppliers.
 

NEW YORK — Totsy, a leading private sale site of children's goods has named Lisa Kennedy as CEO.

New York -- A Securities and Exchange Commission filing on Tuesday revealed that embattled J.C. Penney CEO Ron Johnson saw his compensation package plummet 97% to about $1.9 million in 2012.

Johnson received a base salary of $1.5 million, up from his partial-year salary of $375,000 in 2011, but did not receive stock or option awards in 2012. That compares with a stock award worth $52.7 million on the date it was granted in 2011, when Johnson was named CEO.