Corporate Governance

Camp Hill, Pa. -- Rite Aid Corp. announced plans to build its first new distribution center in 15 years, a 900,000-sq.-ft. facility in Spartanburg, South Carolina.

The new, $90 million center, set to open in 2016, will employ nearly 600 people after it becomes fully operational and will support the inventory and fulfillment needs of approximately 1,000 Rite Aid stores in the southeastern United States.

New York -- BCBGMaxazria Group has expanded its relationship with Demandware to advance its omnichannel commerce strategy. The retailer launched the Demandware Digital Store Solution in nearly 180 BCBGMAXAZRIA U.S. stores in just three months to equip store associates with the solution in time for the holiday shopping season.

Barcelona – Spain-based apparel retailer Mango has recruited Toni Ruiz to become its new CFO effective mid-February. Ruiz, 45, will sit on Mango’s board of directors.

Ruiz has spent much of his professional career at Leroy Merlin, part of Groupe Adeo, where he has worked from 1999 until now, occupying various positions, including financial management in Spain and control and planning at international level.

Grapevine, Texas - GameStop will be hosting “Monster Mondays,” a trio of exclusive weekly videos from the perspective of each monster within the video game “Evolve,” creating a platform for fans to share and discuss offensive and defensive strategies. These videos began airing on Jan. 26, and will continue on Feb. 2 and Feb. 9 in anticipation of the game’s release Feb. 10.

St. Petersburg, Fla. - HSN Inc. (HSNi) has entered into a new $1.25 billion five-year credit facility, replacing its existing $600 million credit facility. In addition, in continuation of the company's capital return plan, the board of directors declared a special cash dividend of $10 per share, representing approximately $525 million.

Katy, Texas – Academy Sports & Outdoors will use cash wraps from manufacturing company Pan-Oston. Academy currently operates more than 185 stores in 15 states.

Academy operates over 185 stores In 15 states.  
 

It's time once again for confectionery and snack retailers, as well as manufacturers to come together for the Sweets & Snacks Expo, which is scheduled to be held May 19 through May 21 at Chicago's McCormick Place.

A bigger push to sell its offerings online helped drive record sales in 2014 for Swedish retailer Hennes & Mauritz, as well as prompt expansion plans for the retailer. 

The Stockholm-based retailer said net profit rose 17% to $760 million in 2014, ahead of analysts’ forecasts. Same store sales increased 26% in 2014, the retailer reported.

Rite Aid Corp. announced plans to build its first new distribution center in 15 years, a 900,000-sq.-ft. facility in Spartanburg, South Carolina.

The new, $90 million center, set to open in 2016, will employ nearly 600 people after it becomes fully operational and will support the inventory and fulfillment needs of approximately 1,000 Rite Aid stores in the southeastern United States.

After a 2014 review found inefficiencies in its supply chain and logistics network, Rite Aid Corp. consolidated three distribution centers. Now the company is going in a new direction.

The retailer said it plans to build a 900,000 square foot distribution center in Spartanburg, S.C., its first new DC in 15 years. The new distribution center will employ nearly 600 people after it becomes fully operational and will support the inventory and fulfillment needs of approximately 1,000 Rite Aid stores in the southeastern United States.