Strategy

Atlanta -- The charitable arm of The Home Depot pledged $30 million over three years to address veterans' housing issues. The pledge starts with the donation of $3.1 million to Fisher House Foundation, The Mission Continues and Volunteers of America to repair and rehabilitate facilities and homes serving veterans.

Home Depot employees also will volunteer to help on projects for all three organizations.

Dallas -- Davaco a provider of retail and restaurant services, announced that the company is partnering with their clients to execute safety audits across stores and restaurants, nationwide.

PHILADELPHIA  -- Elaine Rubin, a retail industry vet who co-founded and chaired Shop.org, a division of the National Retail Federation, is taking her expertise in Internet retailing to Monetate, a leading independent provider of testing, targeting, and personalization for websites. Rubin joins Monetate as a member of the company's strategic advisory board.  

PLEASANTON, Calif. — Darren Singer, a 25-year GlaxoSmithKline veteran, has been named Safeway's SVP pharmacy, health and wellness, the retailer announced.

Singer will be responsible for retail pharmacy operations, specialty care, pharmacy services, compliance, benefit management and managed care for Safeway. He will report to Safeway's merchandising president, Kelly Griffith.

East Cleveland, Ohio -- The future of lighting -- with an emphasis on the powerful potential of LEDs, fluorescent, halogen and ceramic metal halide lighting systems -- is on the move. Lighting professionals and designers, distributors, architects, contractors, facility maintenance and utility executives, as well as government officials are invited to register at www.gelightingrevolutiontour.com for a sneak peek of the brightest lighting technologies on the horizon this year and beyond.

By Dwayne Shackelford, [email protected]

Proposed new lease accounting rule changes will have a significant impact on many retail and restaurant companies. The good news is that rent will no longer appear on the income statement; the bad news is that it will be replaced by amortization and interest charges, which will generally be larger in the first years of a lease and lower in the latter years.