Corporate Governance

The pharmacy services segment helped CVS Health post a $10.3% increase in net revenue in the third quarter.

Rhone, a maker of high-quality activewear, has made its first foray into the physical space with the launch of a holiday pop-up in New York City's SoHo neighborhood. And while the SoHo shop will only be open through January 15, 2016, it could be a harbinger of things to come.

The Samsung Pay mobile payment solution had a good first four weeks in the U.S.

According to data released by Samsung Electronics, U.S. consumers who have paid with Samsung Pay so far have executed an average of eight transactions each.

Just a few weeks after losing its CEO, Tuesday Morning posted impressive financial results for the first quarter, including an increase in same-store sales.

For the first quarter ended Sept. 30, the Texas-based off-price retailer posted a same-store sales increase of 3.6%. Net sales were $202.3 million, slightly higher than the prior year period. The company ended the first quarter with a store count of 757, a decrease of 44 stores year over year. Operating loss for the first quarter was $6 million.

A retail real estate firm has confirmed that Target is in the final planning stages for two new stores in the Center City section of Philadelphia.

The two stores will be what the company calls a “flexible format Target,” which has a smaller footprint than a typical Target store and looks to fit into the (mostly urban) neighborhoods in which they are located.

Meijer is piloting a new approach to store lighting.

The retailer's remodeled store in Beavercreek, Ohio, is its first-ever location to feature 100% LED lighting. The LEDs, from GE, are expected to save more than a half million kilowatt hours of electricity annually.

The new lighting is part of an extensive $50 million remodeling project that Meijer is undertaking at four supercenters in the Dayton market. According to Meijer, the GE LEDs deployed in the store are 30% more efficient than traditional lighting, with a 50% longer lifespan.

Sporting goods retailer Gander Mountain has installed a new president to lead the company through its next phase of growth.

The company announced that Derek Siddons, executive VP and COO, will assume the role of president on the retirement of current president Michael J. Owens on Oct. 31.

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