Corporate Governance

Staples Inc.is looking north of the border for an executive to lead its North American operations.   The office supply giant is promoting Steve Matyas to president of North American retail. Matyas had previously served as president of Staples Canada/Bureau en Gros since July 2000, and will continue to serve as a member of the company’s executive committee.  

Two mid-sized U.S. and Canadian chains are joining forces to create the third-largest pet specialty retailer and the largest small format, neighborhood specialty pet retailer in North America   Pet Valu and Pet Supermarket have merged to create a combined business named Pet Retail Brands. With more than 930 stores, it is expected to generate approximately $1 billion in system-wide retail sales across the U.S. and Canada. Pet Retail Brands will have stores from the East Coast to the West Coast and from Miami to Vancouver.  

The end of summer is often a sad time, but workers at U.S. Starbucks stores have more to look forward to with the coming of autumn than football and the changing of leaf colors.   Effective Oct. 3, 2016, the coffee retailer is giving all employees and managers in U.S. company-operated stores an increase in base pay of 5% or greater. The range of increase will be determined by geographic and market factors.  

A shift in the timing of a major holiday was cause for celebration at home furnishings retailer Havertys Furniture Companies Inc.   Sales in the second quarter of fiscal 2016 at Havertys rose 4% to $194.8 million, from $187.7 million the same period a year earlier. Same-store sales increased 2.8%. Written total and same-store sales for the second quarter both rose 6%.  

Stater Bros. Markets is decreasing electricity output this summer.   The San Bernadino, California-based regional supermarket chain is voluntarily reducing lighting energy use by 50% in all 168 Stater Bros. locations during the summer months. This reduction will decrease electricity use by 425,000 kWh per month, which is the equivalent of powering 470 homes per month. It also reduces the possibility of rotating outages during the summer.  

A new player has entered the value grocery segment.    LogicLane, a start-up company that provides discount wholesale grocery supply chain services and a wholesale grocery e-commerce marketplace for businesses, has entered the retail arena, opening a supermarket in Uniontown, Pennsylvania.       Called Mill Street Merchants, the store is designed to extend the extreme value deals previously only available to national businesses on the LogicLane website to local businesses and consumers.

Customers at all of Walmart’s 4,600-plus U.S. stores can now use the Walmart Pay digital payment service.