Corporate Governance

CST Brands net income soars in Q4 on fuel, CPG margins
San Antonio, Texas – Net income soared on rising margins in fuel and consumer packaged goods at convenience/fuel retailer CST Brands Inc. in the fourth quarter of fiscal 2014. Net income rose 176% to $94 million from $34 million in the same quarter a year earlier.

Revenues dropped 13% to $2.7 billion from $3.06 billion. For the full fiscal year, net income rose 44% to $200 million from $139 million. Revenues fell 4% to $12.18 billion from $12.78 billion.
Potbelly Corp. CFO resigns
Chicago – Charles Talbot, CFO of food service retailer Potbelly Corp., is leaving the company for a position outside the restaurant industry. Talbot will continue to serve as Potbelly's CFO while an external search is underway, until his departure on March 27.

Blue Nile names private equity exec to board

Seattle - Blue Nile, Inc. has added Robert van Schoonenberg to its board of directors, effective Feb. 23. van Schoonenberg is chairman and CEO of BayPoint Capital Partners LLC, a private equity firm, and a co-managing partner of AmeriCap Partners LLC, a growth capital investment firm.

Prior to sale of the company to a strategic investor in June 2010, he was an investor in and served as chairman of Premiere Entertainment LLC, a company in the business of digital broadcast production.
Giant Eagle exits discount grocery; closing Good Cents Grocery + More

New York -- These are tough times for discount grocery stores — unless the company happens to be the fast-growing Aldi. Pittsburgh-based supermarket operator Giant Eagle plans to close all eight of its Good Cents Grocery + More stores. The closures are set for March 26.
Planet Hollywood to transform Orlando flagship

Orlando, Fla. - Planet Hollywood, is transforming its Orlando flagship location into a four-story star-gazing observatory set to debut in spring 2016. The reimagined “Planet Hollywood Observatory” will overlook the heart of Downtown Disney with a newly-expanded outdoor terrace and bar.
dd's Discounts to open in Waco, Texas

Dublin, Calif. -- dd’s Discounts, a division of Ross Stores, Inc., will open a new store in Waco, Texas. The new store is slated to open Feb. 28 and is located in the Parkdale Shopping Center at North Valley Mills Drive and Bosque Boulevard, 13 miles southwest of Baylor University.

Texas is the retailer’s second largest state with a total of 32 stores. Including this new location, dd’s Discounts will operate over 155 locations in 15 states.
JLL expands development platform with new executive

Chicago -- JLL announced the expansion of its retail team with the addition of Bill Moston. Moston joins JLL as a senior VP, National Retail Development, and brings nearly 30 years of experience to JLL. He will be based out of the firm’s Chicago office.

In his new role, Moston will be responsible for advising JLL’s clients and executing on ground-up retail projects, redevelopments and renovations across the United States, as well as managing anchor store negotiations and tenant coordination.
Gap Q4 tops estimates as Old Navy, online surges; 20 Athleta stores on tap

San Francisco -- Gap Inc. reported stronger-than-expected fourth-quarter results on Thursday, fueled by surging sales at Old Navy and strong online results. But it offered a disappointing profit outlook for 2015 as it feels the impact of the stronger U.S. dollar and West Coast port delays.
Bernards names exec to oversee commercial projects

Los Angeles -- Commercial builder Bernards has appointed industry veteran Joseph Didone to the position of VP. In his role, Didone will provide executive-level oversight for complex Bernards projects.

Didone is a 27-year veteran of the construction industry. During his career, he has managed a number of high-profile construction projects, including the renovation of the Hollywood Bowl Museum.
dd's Discounts to open in Oxnard, California

Dublin, Calif. -- dd’s Discounts, a division of Ross Stores, Inc., will open a new store in Oxnard, California. The opening date is scheduled for Feb. 28.

The new store is located in Fremont Square along North Ventura Road and Doris Avenue in North Oxnard.

California is the retailer’s largest state with a total of 68 stores. Including this new location, dd’s Discounts will operate 156 locations in 15 states.
Nike, Newport Beach, California

New York -- Fitness buffs can shop and also get in a workout at Nike’s new women’s store at Fashion Island, in Newport Beach, California. The 6,000-sq-ft. plus space combines the best of the company’s women’s products with an in-store fitness studio.

The glass- and wood-paneled studio, the first for Nike in a U.S. retail location, features free group or personal fitness training sessions. It also enable customers to try out training and running footwear and apparel.
Jo-Ann teams up with Boys & Girls Clubs

Jo-Ann Fabric and Craft Stores is aiming to attract more families with a new corporate giving campaign.

The fabric and craft specialty retailer announced that Boys & Girls Clubs of America will be a major recipient of Jo-Ann corporate giving in 2015. To help inspire young minds, customers will be able to purchase a “pin-up” upon checkout to benefit the organization from March 1 through April 4 at all Jo-Ann stores nationwide.