Corporate Governance

The Kroger Co. is installing cutting-edge exit signs as part of a $4 billion store- investment program.   The chain is deploying photoluminescent exit signs developed by Cincinnati start-up MN8 at all new and renovated stores nationwide. The LumAware signs differ from standard glow-in-the-dark products in that they also emanate light. The signs, which consumer no energy, eliminate the need for batteries, light bulbs, electricity or maintenance.  

In a big step to grow its business in China, Walmart has entered into an agreement to acquire a 5% stake in JD.com, China’s second largest e-commerce company. 

The American Express card is now history at Costco Wholesale Club.    As of June 20, Costco is accepting only Visa-branded credit cards chain wide.   The retailer made headlines last year when it announced that, after 16 years, it was dropping American Express as its exclusive credit card provider and switching to Visa.   

Amazon is expanding its fledgling bricks-and-mortar bookstore format.   The Internet giant plans to open a third Amazon Books this fall, at Washington Square Mall, in Tigard, Oregon, just outside of Portland, The Oregonian reported.   

The first-ever LinkedIn “Top Attractors” list of the most desirable companies to work is out, and several firms engaged in retail were included.  

The idea of Starbucks serving as a “third place” outside of home and work has been reinforced with a new add-in to Microsoft Outlook.  

Fans of Harley-Davidson can immerse themselves in the brand at the new “1903—A Harley Davidson Cafe” in downtown Toronto.   Named for the year the company  was founded, the 4,200-sq.-ft. café features a biker-themed décor inspired by the history of the 114-year-old brand. Folks who have never hopped on a Harley can get a taste of the experience by taking a test ride on the JumpStart ride simulator.  

Wal-Mart Stores sent out a message to naysayers who say the chain’s best days are behind it.    Speaking at the Consumer Goods Forum conference in Cape Town, South Africa, Wal-Mart CEO Doug McMillion said the retailer expects to add $45 billion to $60 billion of new sales during the next three years.