Corporate Governance

Jackson, Miss. – Newk’s Eatery is planning franchise growth in new markets stretching across the South. Expansion will occur in markets including Savannah, Georgia and Orlando, Florida, to Lubbock and Midland-Odessa, Texas, with Washington, D.C, Richmond and Norfolk/Virginia Beach, Virginia, Indianapolis, St. Louis and Oklahoma City in between.

Goleta, Calif. – Deckers Brands has appointed Wendy Yang as Teva brand president, effective May 1. In this role, Yang will design and lead Teva's global brand strategy and report directly to Dave Powers, president of Deckers Brands.  

Camp Hill, Pa. – Rite Aid Corp. beat Wall Street expectations with soaring profit in the fourth quarter of fiscal 2014. The retailer reported net income of $1.83 billion, exponentially larger than net income of $55.4 million in the same quarter a year earlier.

A favorable tax asset valuation drove the substantial profit growth. Revenues rose 4% to $6.8 billion from $6.6 billion, mostly due to a same-store sales increase of 4.5%.

Walnut Creek, Calif. – Retailers are taking advantage of volumes of Big Data and advanced analytical technology to uncover deep insights on customer behavior. However, according to a new study from RSR Research, they may be focusing on customer behavior to an extent they overlook other valuable insights.

Matthews, N.C. – Profits slid at Family Dollar Stores Inc. during the second quarter of fiscal 2015 compared to last year, but still beat Wall Street predictions. The discounter reported net income of $76.7 million, down 18% from $90.9 million.

When evaluating the flooring in a new store or a remodel, installation is key.  Meet Mark Chichak with Halex Corp., who discusses how a company that doesn’t make the flooring – but, rather makes the installation materials and tools – can be a key partner in creating solutions for faster, easier and more profitable ways to build and remodel stores.

Staples is getting into the “Shark Tank” to attract more small business owners to its stores by teaming up with ABC’s popular TV show.

The retailer will sponsor debut products from inventors on ABC’s “Shark Tank” television show and on Staples.com and in select Staples stores. The successful entrepreneurs behind the products will be featured during three episodes of ABC’s “Shark Tank” starting April 10.

More and more consumers are motivated by loyalty programs than ever before, according to the 2015 Bond Brand Loyalty Report.

Bond Brand Loyalty’s fifth annual study shows consumers overwhelmingly agree that loyalty programs are worth the effort.

Rite Aid said higher prescription sales and stronger cost control helped the drugstore chain report a profit surge for the fourth quarter.

A 38-year Kroger employee who started out in the company bagging groceries at a Cincinnati area store has been promoted to president.