Corporate Governance

A singular honor for Food Lion associate
An associate at Food Lion has been honored by the Environmental Protection Agency for his efforts to reduce the chain’s refrigerant emissions.

Nick Cordasci has earned the U.S. Environmental Protection Agency's 2014 Distinguished Partner Achievement Award, one of the agency's individual honors for commercial refrigeration achievements, by the GreenChill Partnership.
New York City’s off-price leader to open tenth location
Century 21 Department Store will bring its high-fashions and low prices to a new location in the suburbs.

The company will open an approximately 70,000-sq.-ft., two-level store at Green Acres Mall in Valley Stream, New York, on the South Shore of Long Island. The location will be the company’s tenth location.

Report: Jeff Bezos goes shopping at Costco

Costco Wholesale has sold an airplane hanger to Poplar Glen, the limited liability company owned by Amazon’s Jeff Bezos, the Puget Sound Business Journal reported. Bezos owns two airplanes, including a recently acquired Gulfstream, according to the report. [Puget Sound Business Journal]
Five Below looks for sales to sizzle with new agency

Five Below is looking to generate brand awareness and traffic after selecting a new advertising agency to handle creative and media duties.

The teen and pre-teen retailer known for selling products for $5 or less chose Zimmerman Advertising, a division of Omnicon, as its agency of record and Five Below CEO Joel Anderson couldn’t be happier.
Cabela’s pulling back on store expansion

Cabela’s smaller stores are not as productive as the company would like, so the outdoor retailer is putting the brakes on new store growth while it focuses on productivity.
CVS Health opens 1,000th MinuteClinic

CVS Health announced Thursday that MinuteClinic, the walk-in medical clinic of CVS Health, has opened its 1,000th MinuteClinic location in the nation's Capitol at the CVS/pharmacy location on Dupont Circle in Washington, D.C.
Dunkin’ brewing up aggressive growth

Dunkin’ Donuts isn’t letting lackluster sales in its most recent quarter stand in the way of store expansion.

The coffee chain, a division of Dunkin’ Brands Group Inc., on Thursday said it is on track to add between 410 and 440 net new U.S. stores this year. The expansion represents greater than 5% net new locations.

Globally, the company -- which also owns Baskin-Robbins -- expects to open between 615 and 750 net new restaurants across the two brands.
Pioneer shopping center magnate passes away at 93

One of the shopping center industry's early stars—and a man who endured many hardships, including internment in a Nazi labor came, has died.
Kohl’s says it is the smart holiday choice

In what promises to be the most omnichannel Christmas ever, Kohl’s contends it will offer shoppers a seamless experience that is faster and more convenient that ever.
Lululemon restructures executive team

Lululemon Athletica’s chief product officer has left the company and other key executives are in new roles as the company looks to increase innovation and execute a 10 year vision.

The operator of 336 stores named expanded the responsibilities of CFO Stuart Haselden and he now adds the title of executive VP of operations. Haselden joined the company early this year after serving as CFO of J. Crew. The company has also initiated a search to fill the newly created position of chief supply chain officer.
Gap exec rejoins company as board member

Veteran apparel retailer Tracy Gardner will join the Gap Inc. board, effective Nov. 11.

Gap has relied on Gardner on multiple occasions the past 25 years as an employee and advisor. Gardner worked at the company from 1991 to 1994 in various creative roles and from 1998 to 2004 in senior leadership positions, including head of Gap adult merchandising. This past year she served as an advisor to the Gap brand and functioned in a similar role in 2012.
Cabela’s curtails rate of expansion

Cabela’s smaller stores are not as productive as the company would like so the outdoor retailer is tapping the brakes on growth while it focuses on productivity.

In conjunction with the release of disappointing third quarter results and a reduced full year profit forecast, Cabela’s said it was evaluating it store expansion schedule and currently expects to open seven stores next year and no more than that in 2017.