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Corporate Governance

  • Publix posts strong Q1

    Publix Super Markets on Monday turned in another winning revenue performance, reporting $8.7 billion in sales for its first quarter, up 4.5% from $8.3 billion in the year ago period. Same-store sales rose 3.3%.

    Net earnings were up to $581.9 million, up 6% over the same period last year.

    It was the first quarterly report issued under new CEO Todd Jones. Former chief executive Ed Crenshaw retired Friday after 42 years with the company and nearly eight as CEO.

  • South Dakota sues four big online retailers over sales tax

    South Dakota has filed a lawsuit against four online retailers, joining a growing number of other states in a battle that could well end up in the Supeme Court, according to a report by corporatecounsel.com
  • Lighting Rebate Trends

    About two-thirds (64%) of the United States is covered by prescriptive lighting rebates, according to BriteSwitch, a rebate fulfillment company. These rebates can significantly reduce the installed cost of new lighting in existing buildings and improve payback by 20%-25%, which would reduce a two-year payback to about 1.5 years.

    Despite the proliferation of the LED source, traditional lighting product rebates remain available.

  • Party City begins 80 store expansion – in Mexico

    The first Party City location has opened in Mexico and with the help of strategic franchise partner Grupo Oprimax a total of 80 locations are planned.

  • Convenience store chain goes on hiring spree

    Sheetz is putting the “help wanted” sign out.

  • Starbucks opens store with job training site in Ferguson, Missouri

    Starbucks has opened a store in Ferguson, Missouri, a city that was rocked by racial unrest in 2014, as part of its ongoing initiative to open stores in at least 15 lower-income U.S. communities by 2018.

    The opening follows the launch of a similar store in the Jamaica section of Queens, New York, in March. Both are part of a national plan to provide local jobs, create training opportunities for youth, and support efforts to rebuild and revitalize communities.

  • Batteries Crucial to Retail Ops

    Don’t overlook the impact that batteries have on retail operations and the bottom line. That’s the advice of IPT’s Ken Murphy, who told Chain Store Age that most retailers don’t realize how much money they spend — and productivity they lose — by constantly having to replace dying batteries in wireless barcode scanners. The problem, he says, is the continued use of subpar OEM batteries.

    What is the biggest challenge retailers face regarding the batteries in barcode scanners and other devices?

  • Target finds itself in middle of national debate

    An announcement by Target on its website saying it that would allow employees and customers to choose the restroom and fitting room that corresponded with their gender identities has thrust the chain into the middle of a contentious national debate.

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