Corporate Governance

Sheetz, the family-owned and operated convenience store chain, announced it will invest more than $15 million to raise the wages of store employees across the company. And it is doing so without cutting back on hours for full-time employees.

Carl Nottberg, a veteran retail facilities executive, is battling cancer.

Nottberg, senior VP of business development at USM, is suffering from multiple myeloma, a relatively uncommon form of cancer that attacks the plasma cells in the bone marrow. He has been in and out of treatment while his immune system is attacked, and hospitalized for weeks at a time.

Publix Super Markets is getting a new CEO after Ed Crenshaw announced his retirement on Wednesday.

The company announced that Crenshaw will step down effective April 30. Upon Crenshaw’s retirement, current company President Todd Jones will become president and CEO. 

Supervalu wants to unlock the value of its Save-A-Lot division with a planned spinoff, but the 1,336 store division did little to enhance its appeal to investors with a weak showing in the third quarter.

Sundance is gearing up for major retail expansion.

The lifestyle apparel, art and home furnishings brand, founded by Robert Redford in 1969, has long operated a successful catalog and e-commerce site, along with a handful of physical stores. But in remarks at the recent ICR investor conference, CEO Matey Erdos said the company is planning to open up to 150 locations in the coming years.

Rancho Cucamonga, Calif. -- Passco Companies has acquired Day Creek Village located in in Rancho Cucamonga, California for $15.8 million.

Day Creek Village is a neighborhood shopping center in the second largest submarket in California’s Inland Empire market. The 25,002 sq. ft. center is 100% leased and is shadow-anchored by a Ralph’s grocery store, and currently has 14 tenants, including Starbucks, Wells Fargo, Super Cuts, Subway, and Orange Theory Fitness.

QVC chief information officer Linda Dillman has joined the board of the GS1 US supply chain information standard organization.

GS1 US is a supply chain information standards organization.

Dillman will help guide the GS1 US strategy for driving the adoption and usage of the GS1 System of Standards in e-commerce. The standards uniquely identify products, services and locations globally. They are designed to assist in enhancing the consumer shopping experience while boosting online retailer efficiency, revenue and loyalty.

Under new ownership and management, a revamped RadioShack is working to transform its remaining 1,720 stores, as well as its online presence, according to the Star-Telegram. “It was herculean to get the stores back into position, and they’re proof of what people want and expect,” said chief marketing officer Michael Tatelman. [Star-Telegram]