Corporate Governance

Salisbury, N.C. – How low can Food Lion go? When it comes to prices, very low indeed.

Food Lion has lowered prices on thousands of items it has identified as being most important to customers. The price reductions also include new signage throughout the store designed to make finding sale items easier.

Chesapeake, Va. – Dollar Tree Inc. is not slowing down after finalizing its $8.5 billion acquisition of Family Dollar Stores Inc. last week. The retailer plans to open a 1.5 million-sq.-ft. distribution center in the vicinity of Spartanburg, South Carolina.

Austin, Texas – Whole Foods Market has received approval for the design of a planned 40,000-sq.-ft. store from the Planning and Design Review Board of the City of Miami Beach. The design features a well-proportioned grid of white concrete, establishing a pedestrian loggia at the ground level, and a floating garden above that screens the parking.  

Retailers are investing heavily in their supply chains in order to cope with surging e-commerce volumes, but customer experience enhancements must be planned carefully if profitability is to be maintained.

Batavia, Ill. -- Comedian Ben Bailey is doing his thing in an Aldi supermarket as opposed to his usual taxi cab.

Aldi, the fast-growing deep-discount supermarket chain, has teamed up with Ben Bailey, best known as host of the former TV series "Cash Cab,” in an online video series. Described as equal parts education and entertainment, the series is designed to help introduce Aldi to new customers across the United States and in Southern California specifically, where it is planning to open approximately 45 new stores in 2016.

Quebec -- The Quebec City-based Simons department store chains is planning to extend its brand across Canada, according to Canada’s Global News.

The 175-year-old Canadian retailer - plans to spend up to $200 million over the next four years on its expansion plan, which will result in eight additional stores openings across the country, the report said.

Chicago -- Starbucks Corp. is ratcheting up its already significant commitment to job creation.

The coffee giant is teaming up with such other retail powerhouses as Walmart, CVS Health, Walgreens, Macy’s, Target and J.C. Penney in an ambitious jobs program to hire 100,000 16- to 24-year-olds "who face systemic barriers to jobs and education" by 2018 through apprenticeships, internships, training programs, and both part-time and full-time jobs.

Cincinnati – Macy’s is reducing its presence in Pittsburgh. The retailer has sold its downtown Pittsburgh building at 400 Fifth Avenue to Philadelphia-based Core Realty and will close its store in that location.

Bentonville, Ark. – It’s no secret that a big part of Wal-Mart’s strategy is to maintain its market share in the face of competition from Amazon.com, and maybe even steal some away.

But Wal-Mart is now taking the fight for customers directly to Amazon in a big way with a new pricing and shipping promotion that directly challenges the upcoming July 15 Amazon “Prime Day” event.

Mahwah, N.J. - Ascena Retail Group Inc. has downgraded several aspects of its outlook for fiscal 2015, which ends July 25. Ascena now expects full-year adjusted EBITDA from continuing operations in the range of $365 million to $375 million, and full-year adjusted earnings per diluted share from continuing operations in the range of $0.57 to $0.60, as compared to its prior expectation of $0.70 to $0.75 per share