Corporate Governance

Arlington, Va. – The nation’s leading retail associations have joined together supporting legislation to combat cyber threats.

Irvine, Calif. -- Billabong International has selected a retail suite from JustEnough’s retail suite of solutions to help transform its planning and replenishment processes across all its brands worldwide.

Green Bay, Wis. – Shopko Stores is looking more closely into how it uses store space. It’s also looking more deeply into customer’s market baskets.

The retailer has renewed its license of APT’s Test & Learn and Market Basket Analyzer software for another three years.

“Now Trending” is a new exclusive online series to chainstoreage.com, featuring trending topics that impact the retail real estate landscape.

In recent years, a very old practice has gotten some new attention: design is once again ascendant in the world of commercial development.

While design never went away, of course, the degree to which great design is being prioritized, cultivated and integrated into the development of memorable spaces and places is noteworthy.

Woonsocket, R.I. -- CVS Health is showing no signs of slowing down.

The company reported that its second-quarter net income rose 2.1% to $1.27 billion. Adjusted earnings came to $1.22 per share, beating Zacks Investment Research analyst consensus of $1.20 per share.
 
Net revenues rose 7.4% to $37.2 billion.
 

Deerfield, Ill. - Walgreens Boots Alliance has named Kimberly R. Scardino as its new senior VP, global controller and chief accounting officer. Scardino joins Walgreens Boots Alliance from American Express Co., where she was senior VP, business advisory controller.

Pittsburgh – GNC Holdings Inc. is making moves to both buy stock and sell convertible notes.

The retailer has authorized a multi-year program to repurchase up to $500 million of its Class A common stock.

The authorization is in addition to the company's previous authorization, which currently has $242 million remaining. The repurchases are expected to take place during the next 24 months with the amount and timing determined by GNC.

Consumers don’t see “channels.” They are time-starved and information-rich, and use technology that they carry around in their pockets and purses to find the best solutions to their lifestyle needs.

The practice in retail of creating different brand experiences in different channels has gone beyond being an inconvenience to shoppers. It is the central challenge that retailers are grappling with today.

The pace of store closings at Office Depot is accelerating and employee retention costs are rising as the retailer maintains that its merger with Staples will close by year end.

The options for consumers who dread the store checkout lane are exploding now that fast growing Instacart is on a hiring spree and competitor Deliv says it will be expanding into more than 100 cities.