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Corporate Governance

  • Wages not the only thing rising at Starbucks

    One day after announcing a general salary increase for all U.S. corporate store employees, Starbucks Corp. is preparing to increase some prices.   As of July 12, Starbucks made what it calls a “small price adjustment” in U.S. company-operated stores. Depending on the market, customers will experience increases of 10 to 20 cents on select sizes of brewed coffee, and 10 to 30 cents on espresso beverages and tea lattes.  

  • Newegg takes another step into the physical world

    Newegg.com is expanding its physical footprint, this time in Canada.   The online electronics retailer opens its Hybrid Centre in Richmond Hill, Ontario on Friday, July 15. The facility serves a dual purpose of allowing customers to pick up their will-call orders, as well as browse tech products or attend an educational seminar. Some of the products on display are available exclusively through Newegg, many of which are making their North American debut at the Hybrid Centre.  

  • Pet Supplies Plus heads west

    Specialty pet retailer Pet Supplies Plus is entering three new states as part of an aggressive 2016 expansion plan.   The chain is entering California, Colorado and Oklahoma, as well as furthering its expansion in the states of New Jersey, Texas, Missouri, Iowa and Georgia. In addition, Pet Supplies Plus recently signed a deal to open 10 new stores in Kansas City, and is on target to open approximately 60 new stores by the end of the year.  

  • C-store giant looks to reduce energy use

    7-Eleven has set itself new energy conservation goals.       The world’s largest convenience store chain, in collaboration with Conservation International, has committed to reducing its energy footprint in stores by 20% by 2025, and also reducing its packaging footprint by 20% by 2025.    

  • Top Roundy’s exec to step down

    Bob Mariano, CEO of the Roundy’s Supermarkets Inc. division of The Kroger Co., will retire effective Sept. 1, 2016.   After retiring, Mariano will serve as strategic adviser to Kroger and Roundy's for two years. Don Rosanova, president of Mariano's, and Michael Marx, president of Roundy's Supermarkets Wisconsin, will continue to serve in their current roles leading the two supermarket divisions.  

  • Barnes & Noble adds attractive concept to campus stores

    Barnes & Noble has previously ventured into new product categories such as e-readers and toys and games, but the bookseller is going further outside its established niche than ever before.  

  • Report: Walmart rolls out fresh employee carts

    Walmart has reportedly begun deployment of shelf-stocking carts designed to improve the produce shopping experience.   According to Reuters, the retailer has so far implemented what it calls “quality carts” at 500 U.S. stores, with plans to have them available at almost all locations in the U.S. by the end of the third quarter.   

  • Kimco asset transactions topped $1 billion in Q2

    Sales and purchases of shopping center assets at Kimco Realty Corp during the second quarter of 2016 exceeded $1 billion dollars, according to details released by the company.   The Hyde Park, New York-based Kimco sold 22 Canadian shopping centers totaling 28 million sq. ft. for $474.4 million, which included the assignment of $213.5 million of existing mortgage debt. It also disposed of 12 unencumbered U.S. properties totaling 1.5 million sq. ft. for $220.5 million.  
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