Strategy

NEW YORK — The world’s largest retailers have been scaling back their global expansion activities, particularly in Asia, and turning their attention inward by integrating operations and strengthening their store, Internet and mobile sales channels, according to a new report by Accenture. 

CARY, N.C. — The Pantry, a leading independently operated convenience store chain in the southeastern U.S., has appointed former Dollar General executive Kathleen Guion to its board of directors.

Washington, D.C. -- The retail industry, the nation’s largest private sector employer, added 29,000 jobs in April, indicating that retailers are seeing signs of an improving economy, and as a result, added to their payrolls heading into the summer, according to the National Retail Federation.

Still, the NRF sounded a cautious note.

New York -- An OfficeMax shareholder sued the directors of the company on Thursday, seeking to block its acquisition by Office Depot Inc., Bloomberg reported. The investor called the proposed $1.2 billion all-stock deal "grossly inadequate".

"OfficeMax, if properly exposed to the market for corporate control, would bring a price materially in excess of the amount offered in the proposed transaction," the complaint filed by investor Eric Hollander said.

DALLAS — Kimberly-Clark will award college scholarships totaling $1.26 million to 63 children of K-C employees across 17 states and Canada as part of its Bright Futures program.

Bright Futures scholarship grants are worth up to $20,000, or $5,000 per school year, for full-time students attending accredited colleges and universities. Since its inception, the program has awarded more than $35 million in scholarships to more than 1,800 students.

BRIDGEPORT, Conn. — Unger Global has appointed William D. Ecker as its new CEO.

New York -- Employees show increased levels of anxiety about their income, benefits and security, according to a new poll from Harris Interactive. Aggregated concern about these three issues rose from 56% in March to 57% in April.

With the breathtaking Twin Peaks of the Colorado Rockies as backdrop, a new project underway in Longmont, Colo., is leveraging both the views and community demand to create a “top drawer outdoor village experience,” said Allen Ginsborg, managing director and principal of NewMark Merrill Mountain States, based in Fort Collins, Colo.