Corporate Governance

Customers in more cities will have an easier time shopping for the groceries at Walmart.  

Publix Super Markets added its soon-to-be CEO, current CFO and a retired Deloitte executive to its board of directors when the Southeast’s leading food retailer held its annual stockholders meeting on April 12.   Publix president Todd Jones, CFO David Phillips and retired Deloitte executive Jessica Blume were elected to the board of the $32.4 billion retailer.  

Senior executives from Tuesday Morning, Bridgestone and PetSmart are among those headlining a retail conference organized by the Center for Retailing Studies at Texas A&M University’s Mays Business School.

Publix Super Markets added its soon-to-be CEO, current CFO and a retired Deloitte executive to its board of directors when the Southeast’s leading food retailer held its annual stockholders meeting on April 12.

Publix president Todd Jones, CFO David Phillips and retired Deloitte executive Jessica Blume were elected to the board of the $32.4 billion retailer.

Customers in more cities will have an easier time shopping for the groceries at Walmart. According to Reuters, Walmart is rolling out free curbside pickup of online grocery orders to eight new cities, which will make the service available in about 200 stores in 30 metropolitan areas across the U.S. Additional cities offering grocery pickup will include Kansas City and Austin, Texas. Walmart COO Michael Bender said the retailer so far is gaining new customers and increased wallet share at stores where the service is offered and may roll it out further.

Walmart has embraced the marketplace model as means to expand its online assortment and gain ground on Amazon where third party sellers already account for half of the company’s unit volume.

The more than $300 million that Kohl’s has raised through an innovative cause merchandising program is set to go even higher as the retail offer a new product lineup through the end of June.

Kohl’s introduced a new line of Kohl’s Care products including books and plush characters priced at $5 where 100% of the net profit from the products goes to benefit children’s health initiatives nationwide.

Mid-America Real Estate Corp.’s investment sales team recently brokered the sale of Oak Brook Court. Tampa, Florida-based Third Lake Capital acquired the 103,836-sq.-ft. property for $19.95 million. Oak

Brook Court is located at the northeast corner of Kingery Highway (Illinois Route 83) and 16th Street in Oak Brook Illinois, part of the Chicago metropolitan statistical area. The center is anchored by Binny’s Beverage Depot, Office Max and The Great Escape.

Martine Reardon, Macy's chief marketing officer, has decided to leave the company, effective May 13, after 32 years of service.

Reardon did not specify her exact reason for leaving, but in a statement implied she will be taking some time away from her professional career.

Hot on the heels of its launch of a private label collection aimed at millennial women, The J.C. Penney Co. is now introducing a brand and store section designed for a subset of that market.

JCPenney is debuting Boutique+, a plus-size fashion brand designed for full-figured millennial women. Boutique+ will be available at 500 stores and online May 1.