Corporate Governance

Survey: Retailers hiring more experienced holiday help
Retailers are paying more and offering more incentives to secure experienced in-store help to increase sales.
Target to pay nearly $40M to banks over data breach
Target Corp. has tentatively reached another milestone in its continuing efforts to remediate financial losses caused by its massive 2013 data breach.

According to multiple media reports, Target has reached a settlement with MasterCard Inc. and a number of issuing banks. In papers filed in federal court in Minneapolis, Target said it would reimburse a total of $39 million in the settlement. That figure would include about $20 million for issuing banks not covered in other class action suits against Target and about $19 million to the MasterCard Account Data Compromise program.

Munchies on demand with 7-Eleven’s new college delivery service

7-Eleven is teaming up with a San Francisco start-up to launch an on-demand delivery service at select colleges.

The convenience store giant has partnered with Tapingo, a mobile commerce application for college campuses, to launch on-demand delivery of 7-Eleven products in the college market.
Nordstrom Rack on the move

Nordstrom Rack, the off-price division of Nordstrom, continues its expansion, announcing two new upcoming locations.

The retailer plans to open a 28,000-sq.-ft. store at Fashion Outlets of Chicago in Rosemont, Ill., in fall 2016. The property is owned by Macerich.
Tractor Supply slashes energy costs 40% at new DC

Tractor Supply Company is seeing green at its new distribution center.

The company’s new DC ,in Casa Grande, Arizona, has achieved LEED (Leadership in Energy and Environmental Design) Silver certification from the U.S. Green Building Council. It is the second LEED Silver certification awarded to a Tractor Supply Company facility within the last year.
Weis Markets seeks to boost marketing, supply chain efficiency

InnerWorkings on Tuesday entered an exclusive partnership to enhance the marketing supply chain of Weis Markets.
Walmart: Mobile is 'dominant shopping trend'
Guitar Center plays new labor management tune

For a highly specialized retailer like specialty music chain Guitar Center, keeping track of store labor can pose extra challenges.

“Our customers want knowledgeable associates for specific instruments,” explained Alex Khamudis, manager of store labor for Westlake Village, California-based Guitar Center. “How do you figure out when to schedule experts, and how many, across four separate departments like guitar and drums?”
JTRE Holdings Acquires Retail Co-op in Soho

JTRE Holdings announced it purchased the cooperative shares of the ground floor retail portion of 349 W Broadway in Soho, New York. Adding to its rapidly growing portfolio of commercial and mixed-use assets, the property was acquired for $5 million.
Birchbox puts together team for brick-and-mortar expansion

Judging by its recent executive appointments, online beauty subscription retailer Birchbox is getting more and more serious about expanding in the physical space.

The company has named Benjamin Fay as VP of retail development and customer experience, with responsibility for translating the Birchbox brand experience into store design and overseeing execution of the retailer’ s off-line growth.
Weis Markets has a new partner to boost efficiency

InnerWorkings on Tuesday entered an exclusive partnership to enhance the marketing supply chain of Weis Markets.
Boss Facility Services announces new team member

Boss Facility Services announced the addition of Keith Powers, who will focus on the addition of national accounts specifically in the preventative maintenance and R&M space for HVAC, lighting, general repair and janitorial sectors.

Powers brings a diverse sales background to his new job, having worked in varying industries, most recently serving as regional eServices/eCommerce manager for Advance Auto Parts in which he was responsible for increasing multiple revenue streams.