Corporate Governance

Michael Reed has been promoted to VP real estate for Stater Bros. Markets.  
 
Reed joined Stater Bros. in 2014 as senior director of real estate, a position he held until his recent promotion. He will report to president and CEO Pete Van Helden.

Prior to Stater Bros., Reed served as real estate store development manager for Starbucks where he was responsible for growing the company’s Mid-West and Western Mountain regions.  

Stater Bros. operates 168 supermarkets in California.

Buoyed by strong holiday sales, Express reported impressive results for its fourth quarter as the company’s turnaround remained on track. The chain issued an upbeat earnings forecast for the full year.

The specialty retailer reported better-than-expected net income of $56.1 million, or 67 cents per share compared to $41.8 million, or 49 cents per share, in the year-ago period.

Photo: Greg Foran, Walmart U.S. president and CEO

Neiman Marcus has a lot invested in its brand, and is trying to ensure criminals don’t reap the profits.

In an effort to identify and block fraudulent messages from cybercriminals designed to look like communications from Neiman Marcus, the luxury retailer will deploy the Return Path Email Fraud Protection solution.

E-commerce has reached a new high at Dick’s Sporting Goods, but that doesn’t mean the nation’s leading sporting goods retailer is backing away from store expansion.

The Home Depot Inc. has reached a tentative settlement of consumer claims regarding a 2014 data breach that may have exposed personal and financial information of more than 50 million consumers.

Home Depot agreed to pay $13 million to reimburse affected consumers for out-of-pocket expenses and spend at least $6.5 million to offer 18 months of identity protection services for holders of cards that may have been exposed. The retailer also agreed to improve its data security and to hire a chief information security officer.

Knowing when things are right is important, but knowing when things are wrong may be even more vital.

Checkers Drive-In Restaurants is employing a high-tech solution to help it expand throughout the United States.

The fast-casual chain has partnered with Buxton to identify growth opportunities for Checkers & Rally's restaurants. The company, which operates and franchises both Checkers and Rally's restaurants, currently has more than 800 locations nationwide.