Strategy

CINCINNATI — Macy's is offering customers in China access to an assortment of its highly regarded private brand merchandise through a Macy's section on Omei.com, a newly established China-based online retailer of in-season luxury and fashion brands operated by VIPStore Co., Ltd.

The University of Arkansas RFID Research Center will finally receive a home of its own. The center, which was founded in 2005 as part of the Information Technology Research Institute in The Sam M. Walton College of Business at the University of Arkansas will be housed at 1637 Fred Hanna Drive in Fayetteville. This will be the third location for the research center since it was founded.

Walmart and the Walton Family Charitable Support Foundation have teamed up to donate $1 million to fund the renovation and expansion of the current Sam M. Walton College of Business display, honoring Walmart’s founder, Sam Walton. Each organization donated $500,000 to update the display in the Business Administration Building on the University of Arkansas campus. 

First it was the California State Teachers' Retirement System (CalSTRS) , now another California pension group (CalPERS) is looking to influence the Wal-Mart Stores board by withholding votes for nine members, according to Reuters. Read more.

Juan Pablo Montoya and the Target team fell short of claiming a spot in the Sprint All-Star race at the Sprint Showdown on Saturday night. The No. 42 Target Chevrolet was in contention for a top transferring spot until a mishap in the final segment relegated it to a fifth-place finish.
 

Seattle -- Retail companies are more able and willing to reinvest in their businesses, as evidenced by sharp increases in 2012 capital expenditure budgets, according to a new white paper released by Colliers International.

New York -- 7-Eleven Inc. said that it plans to add 630 new stores in the United States and Canada by yearend. In 2011, the chain added some 600 locations, with the stores either built, acquired or transitioned from another business to the 7-Eleven banner

Indianapolis -- Hhgregg Inc.'s fiscal fourth-quarter earnings jumped as the chain collected $39.6 million in life insurance proceeds due to the death of executive chairman and former CEO Jerry W. Throgmartin.

Throgmartin, who died Jan. 22 at age 57, served as chairman and CEO of Hhgregg from 2003 to 2009 and led it through a 2007 initial public offering of stock. Hhgregg said Wednesday it collected the proceeds from a "key man" life insurance policy.

Blue Bell, Pa. -- PDS, a developer of human resource, benefits, recruiting, and payroll systems, announced that convenience store operator Wawa has gone live with PDS’ Vista HRMS 4.1 application. The chain has been a customer of PDS since 1987.

Dallas -- Davaco announced that the company has set up an operational division in Canada that can support global consumer brands with multi-unit programs in every province throughout Canada.

Davaco established its office near Toronto in 2011 to service immediate client needs, and is now available to provide services for additional clients in the growing Canadian marketplace.