Corporate Governance

Another iconic Manhattan retailer to shutter
Family-owned and operated Broadway Panhandler, in Manhattan’s East Village, is going out of business after 40 years in operation.

The cookware store has long been a cult fave among restaurant chefs and home cooks alike.

As to the reason, the owner cited health issues of his wife and said his attempts to sell the business were unsuccessful, according to the New York Times.
C-store giant names CFO
Alimentation Couche-Tard Inc. has appointed Claude Tessier as its CFO, effective Jan. 28. The leader in the Canadian convenience store industry, Couche-Tard is the largest independent convenience store operator in the United States terms of number of company-operated stores.

The industry veteran joins Couche-Tard from Canadian grocer Sobeys Inc., where he was president of the IGA Operations Business Unit.

Second quarter brings cheer to Coach

A timely acquisition helped Coach Inc.’s post a sales gain in the second quarter — its first quarterly increase in 10 quarters.

The handbag and accessories retailer’s total sales increased 4.0% in the quarter ended December 26, to $1.27 billion, up from $1.22 billion in the year ago period.
SPECS 2016 coming to Dallas in March

Chain Store Age’s annual SPECS conference is the must-attend event for retail and restaurant executives involved in the design, construction, and maintenance of stores.
Buckle exec retires with 40 years under her belt

Patricia Whisler played a key role in the success of The Buckle but now she is stepping down from a key role in the apparel and accessories retailer’s merchandising organization.

The Buckle, Inc. has announced that Whisler, senior VP of Women’s Merchandising, will retire from her position with the company later this spring.
Study: 'Evolving drivers' fuel consumer food purchases

Consumers have begun to weigh a new set of factors when purchasing food and beverages, according to a new joint study by Deloitte, the Food Marketing Institute and the Grocery Manufacturers Association.
HBC CEO honored as 'father of the year'

The leader of Hudson's Bay Company is also being recognized for his leadership on children's causes.

HBC CEO Jerry Stotch has been honored as a 2016 “Father of the Year.”
Walmart bottled water convoy heading to Flint

Walmart and three of the nation’s largest bottled water suppliers are coming to the aid of Flint, Michigan, residents who lack access to safe drinking water after the municipal water supply became tainted with lead.

Walmart, Coca-Cola, Nestlé and PepsiCo are sending 176 truckloads of water to Flint – roughly 6.5 million bottles – which is an amount estimated to meet the daily needs of more than 10,000 children for the rest of the year.
Staples gives Goodman greater responsibility

In the name of creating a more efficient and focused organization, Staples announced several key senior leadership moves while its acquisition of rival Office Depot appears in jeopardy.

Shira Goodman, currently president, North American commercial, has been named president, North American operations with responsibility for Staples’ business-to-business, online and retail operations across the United States and Canada.
Staples announces executive moves as part of 'streamlining'

In the name of creating a more efficient and focused organization, Staples announced several key senior leadership moves while its acquisition of rival Office Depot appears in jeopardy.

Shira Goodman, currently president, North American commercial, has been named president, North American operations with responsibility for Staples’ business-to-business, online and retail operations across the United States and Canada.
Time Equities acquires Columbia Gorge Premium Outlets for $28,425,000

Troutdale, Ore. -- Time Equities announced the expansion of its Northwest portfolio with the acquisition of Columbia Gorge Premium Outlets, located in Troutdale, Oregon for $28,425,000.
Mid-America Real Estate handles sale of Broadway Commons

Oakbrook Terrace, Illinois -- Mid-America Real Estate Corporation’s Investment Sales team brokered the sale of Broadway Commons in Rochester, Minnesota. Austin, Texas-based Epic Real Estate Partners purchased the 140,578-sq. ft. property.

Broadway Commons is located at the northeast corner of South Broadway and US Highway 52. The center features national tenants including Bed Bath & Beyond, Dress Barn, DSW, Famous Footwear and Michael’s.