Corporate Governance

Sundance is gearing up for major retail expansion.

The lifestyle apparel, art and home furnishings brand, founded by Robert Redford in 1969, has long operated a successful catalog and e-commerce site, along with a handful of physical stores. But in remarks at the recent ICR investor conference, CEO Matey Erdos said the company is planning to open up to 150 locations in the coming years.

Publix Super Markets named a new CEO to replace current chief executive Ed Crenshaw, who announced his retirement on Wednesday.

The company said that Crenshaw will step down effective April 30, 2016. Upon his retirement, current company president Todd Jones will become president and CEO.

Supervalu wants to unlock the value of its Save-A-Lot division with a planned spinoff, but the 1,336 store division did little to enhance its appeal to investors with a weak showing in the third quarter.

QVC chief information officer Linda Dillman has joined the board of the GS1 US supply chain information standard organization.

GS1 US is a supply chain information standards organization.

Dillman will help guide the GS1 US strategy for driving the adoption and usage of the GS1 System of Standards in e-commerce. The standards uniquely identify products, services and locations globally. They are designed to assist in enhancing the consumer shopping experience while boosting online retailer efficiency, revenue and loyalty.

The Vitamin Shoppe is changing the structure of its board of directors as it looks to enhance its corporate governance practices.

The company announced its board will rotate the role of lead director for the second time since the company's Oct. 28, 2009, initial public offering. David Edwab, who served as lead director since April 2011, has stepped down from that role and John Bowlin, who became a member of the Vitamin Shoppe board in October 2014, will now serve as lead director.

Carl Nottberg, a veteran retail facilities executive, is battling cancer.

Nottberg, senior VP of business development at USM, is suffering from multiple myeloma, a relatively uncommon form of cancer that attacks the plasma cells in the bone marrow. He has been in and out of treatment while his immune system is attacked, and hospitalized for weeks at a time.

Rancho Cucamonga, Calif. -- Passco Companies has acquired Day Creek Village located in in Rancho Cucamonga, California for $15.8 million.

Day Creek Village is a neighborhood shopping center in the second largest submarket in California’s Inland Empire market. The 25,002 sq. ft. center is 100% leased and is shadow-anchored by a Ralph’s grocery store, and currently has 14 tenants, including Starbucks, Wells Fargo, Super Cuts, Subway, and Orange Theory Fitness.

Baton Rouge -- JLL’s Capital Markets experts announced the firm has closed the sale of Hammond Aire Plaza located in Baton Rouge, Louisiana, on behalf of Kimco Realty. The asset was purchased by a joint venture partnership between DRA Advisors and Viking Partners.

Managing director Margaret Caldwell, VP Diane Roberts and associate Eric Spencer led the JLL team on the transaction.

Build-A-Bear Workshop is still expecting a third consecutive year of positive same store sales despite a decline in traffic over the holiday period.

On a preliminary basis, for the fourth quarter ended Jan. 3, the company said it now expects:

In an effort to control cost, Aeropostale is reducing its corporate headcount by 13% and CEO Julian Geiger is relinquishing one million stock options that will be doled out to others for retention purposes.

The mall-based specialty retailer of casual apparel for young women and men plans to eliminate 100 corporate position by the end of its 2015 fiscal year and said the move would save between $35 million and $40 million annually.