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Corporate Governance

  • Publix expands in North Carolina

    Publix Super Markets is entering the eastern portion of the North Carolina market.

    Publix will be coming to Greenville Square, a 150,000-sq-ft center, formerly anchored by K Mart, which will be completely renovated with a new façade, parking lot, lighting package and landscaping. The 49,000-sq-ft Publix will open in 2017 along with several new national, regional, and local tenants.

    Brodyco is the developer for the partnership of David Brody, Hyman Brody, and Robert Beller, who purchased Greenville Square in 2005.

  • J.C. Penney heads in omnichannel direction

    Unlike many of its department store peers, The J.C. Penney Co. Inc. is not planning any major store closings. Instead, Penney CEO Marvin Ellison told Fortune that the company sees stores as an integral part of an omnichannel strategy that will include offering buy online pickup in store functionality in time for back-to-school season. [Fortune]

  • Home Depot offers $19.5 million in breach settlement

    The Home Depot Inc. has reached a tentative settlement of consumer claims regarding a 2014 data breach that may have exposed personal and financial information of more than 50 million consumers.

    Home Depot agreed to pay $13 million to reimburse affected consumers for out-of-pocket expenses and spend at least $6.5 million to offer 18 months of identity protection services for holders of cards that may have been exposed. The retailer also agreed to improve its data security and to hire a chief information security officer.

  • Sports Authority supplier slashes forecast

    Sport Authority’s decision to file bankruptcy is contributing to one of its suppliers making a major downward revision to a 2016 profit forecast.

    Performance Sports Group, a supplier of team sports equipment under the Bauer and Easton brands, slashed its profit forecast for the current fiscal year by 55 cents to a range of 12 cents to 14 cents from a range of 66 cents to 69 cents. Nine cents of the shortfall was attributed to anticipated losses from “a U.S. national sporting goods retailer that has filed under chapter 11.”

  • Advance Auto Parts adds board expertise

    A Tesla board member and Walgreens supply chain executive are the newest members of the board of directors at Advance Auto Parts.

    One of the nation’s leading automotive retailers, Advance Auto Parts named Brad W. Buss and Reuben E. Slone to its board. Both men bring interesting perspectives to the operator of nearly 5,200 stores.

  • Dick’s Sporting Goods touts omnichannel success and new store growth

    E-commerce has reached a new high at Dick’s Sporting Goods, but that doesn’t mean the nation’s leading sporting goods retailer is backing away from store expansion.

  • Checkers & Rally to use pre-screening tool for real estate location decisions

    Checkers Drive-In Restaurants is employing a high-tech solution to help it expand throughout the United States.

    The fast-casual chain has partnered with Buxton to identify growth opportunities for Checkers & Rally's restaurants. The company, which operates and franchises both Checkers and Rally's restaurants, currently has more than 800 locations nationwide.

  • Whole Foods Market expanding solar in a big way

    Whole Foods Market has partnered with national solar providers NRG and SolarCity to substantially increase the number of rooftop solar units on the company’s U.S. stores.

    The retailer aims to install up to 100 additional solar rooftop units on its stores. If the goal is reached, the project has potential to be among the 25 largest commercial rooftop solar installations in the country.

  • Neiman Marcus attempts to ban phishing

    Neiman Marcus has a lot invested in its brand, and is trying to ensure criminals don’t reap the profits.

    In an effort to identify and block fraudulent messages from cybercriminals designed to look like communications from Neiman Marcus, the luxury retailer will deploy the Return Path Email Fraud Protection solution.

  • Lowes Foods makes exceptional loss prevention effort

    Knowing when things are right is important, but knowing when things are wrong may be even more vital.

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