Corporate Governance

Hanford, Calif. – Passco Companies announced four leases at Hanford Mall located in Hanford, California. Set to open summer 2016, the new retailers include Buffalo Wild Wings, Five Guys, Dunkin Donuts, and Pieology.

Loblaw on Thursday posted $33.6 billion in revenue for its year ended Jan. 2, a 6.5% lift with one week less of sales - Loblaw's fiscal 2015 represents 52 weeks while fiscal 2014 represents 53 weeks.

J.C. Penney on Monday received an official vote of confidence in its performance: an improved credit rating.

Fitch Ratings upgraded Penney’s credit rating, saying the department store retailer has “demonstrated a meaningful turnaround of its business over the last over the last two years.” Fitch upgraded Penney from B- to B with a positive outlook.

Amazon is about to launch its biggest venture into food outside of the United States.
 
The online giant will deliver groceries to Amazon Prime Now and Amazon Pantry customers in the United Kingdom under a new wholesale supply deal it has struck with Morrisons, the U.K.’s fourth-largest supermarket chain.

Under the arrangement, Morrisons will supply fresh, frozen and non-perishable goods to Amazon customers, starting later this year.

Photo: Starbucks CEO Howard Schultz at Milan’s Duomo Cathedral

Target Corp. is hiring Arthur Valdez, a 16-year veteran of Amazon.com, as executive VP, chief supply chain and logistics officer.

Valdez will lead Target’s supply chain transformation including planning, distribution and transportation. He will report to Target’s executive VP and COO John Mulligan.

Ahold on Monday announced that the King of the Netherlands has honored its request to use the predicate “Koninklijke” (“Royal”) after its intended merger with Delhaize Group.

Upon completion of the proposed merger, the statutory name of the combined company will be “Koninklijke Ahold Delhaize N.V.”