Corporate Governance

Bolstered by the rapid expansion of build-your-own pizza concepts, fast-casual chains had another strong year in 2015.   That’s according to Technomic Inc.’s annual Top 250 Fast-Casual Chain Restaurant report, which reported that cumulative sales in the fast-casual dining segment rose 11.6% in 205, compared to 13.5% in 2014.  

Beset by declining sales, growing competition and changing consumer tastes, Ralph Lauren has launched an ambitious turnaround plan that includes a heavy brand emphasis.    

Customers at all of Walmart’s 4,600-plus U.S. stores can now use the Walmart Pay digital payment service.   This is an impressive feat, especially considering Walmart Pay was only announced in December 2015 and didn’t start undergoing official rollout until May 2016. While everyone agrees Walmart Pay reaching full implementation is a big deal, there is less agreement on how this will affect the digital payment landscape.  

Los Angeles’s Broadway Theater District was the first such entertainment strip to be listed on the National Register of Historic Places. Is the famed alley of theater palaces now poised to make retail history?  

Blink is eyeing retail expansion thanks to new financing.  

Alex Cesar, who had been running JLL’s retail department in Brazil, has been hired by RKF to head up its Miami office.   “Alex will be a crucial driver of our expansion in South Florida and will strengthen the bridge between the Latin American and U.S. retail markets,” said RKF CEO Robert Futterman in announcing the move.  

The Wendy's Co. is offering an update on a cyberattack it first reported in February 2016, and it contains some decidedly unsurprising details.   Wendy’s believes the breach resulted from third-party service providers' remote access credentials being compromised. This allowed access, and the ability to deploy malware, to some franchisees' point-of-sale systems. To date, Wendy’s said there has been no indication that any Company-operated restaurants were impacted.  

Walmart grocery shoppers in North Carolina and Virginia may notice an improved assortment.   The discount giant is opening a 450,000-sq.-ft. distribution center in Mebane, North Carolina, on Wednesday, July 13. The facility, which cost nearly $100 million, will be dedicated to distributing perishables to stores in North Carolina and Virginia.