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Corporate Governance

  • Unusual online player seeks to crack dollar store segment

    Online retailer Hollar is looking to take sales away from a segment that, to date, has proved relatively immune to digital growth: dollar stores.  
  • Rachael Ray, Rite Aid announce $25K donation to Detroit's Downtown Boxing Gym Youth Program

    The Rite Aid Foundation's KidCents program announced Wednesday a $25,000 donation to the Downtown Boxing Gym Youth Program, a Detroit-based nonprofit that empowers Detroit youth to be positive and productive members of society through education, athletics, mentorship and intervention.  
  • Unsecured creditors seek quick liquidation of former sporting goods giant

    Unsecured creditors of Sports Authority said in court papers that the bankrupt retailer should not waste its dwindling funds preparing a plan to end its Chapter 11.     The unsecured creditors argued the company, which filed Chapter 11 in March, is "administratively insolvent," meaning it cannot even pay the cost of running its bankruptcy case, Reuters reported.  
  • CBL sells two Michigan malls for $66.5 million

    CBL & Associates announced it has completed a $66.5 million sale of two malls in Michigan — The Lakes in Muskegon and the Fashion Square Mall in Saginaw. The identity of the buyer was not disclosed.   CBL president and CEO Stephen Lebovitz said the Michigan sales were part of a long-term plan to move to a portfolio of higher quality, higher-growth portfolios.   
  • Veteran Walmart executive dies at 82

    Influential and longtime Walmart executive Don Soderquist died after complications related to heart surgery. He was 82.   Soderquist joined Walmart in 1980 as executive VP of administration and logistics and was a driving force behind the company’s growth. From 1988 to 1999, he served as vice chairman and COO. He retired in 2000 and remained on the Walmart board until 2002.   
  • Irish value fashion brand continues U.S. expansion

    A brand known for its low, low prices and high volume has opened its fifth U.S. store.   Primark has opened at PREIT’s Willow Grove Park Mall in the Philadelphia suburb of Willow Grove, Pennsylvania. This is the second Primark location in the Philadelphia region. The store occupies 58,300 sq. ft. of space previously occupied by Sears on the second and third floors of the southwest side of the mall.  It features 59 fitting rooms and 47 registers, recharge areas, as well as a fashion "trend room.”  
  • Bayer tapped to manage Branson Landing

    HCW has named Bayer Properties to manage Branson Landing, the 95-acre mixed-use development in Branson, Missouri, that is home to the town’s convention center, Hilton Hotel, and in excess of 450,000 sq. ft. of retail and entertainment space.   Branson Landing is situated on 1.5 miles of Lake Taneycomo waterfront and its boardwalk, live entertainment, and nightly fire and water show are a big draw for the 8 million or so tourists who visit the town annually.  
  • Retailer debuts U.S. consumer drone delivery – and it’s not Amazon

    The first fully autonomous drone delivery to a customer home has occurred, and the retailer behind it is not who you would expect.   Leading convenience chain 7-Eleven partnered with independent drone delivery service Flirtey and the Nevada Institute for Autonomous Systems (NIAS) to complete two deliveries from a store in Reno, Nevada on Sunday, July 10. 7-Eleven merchandise, including hot and cold food items, were loaded into a Flirtey drone delivery container and flown autonomously using precision GPS to a local customer’s house.
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