Corporate Governance

Lowe's is coming to the aid of the communities it serves with a donation to help provide relief in the wake of massive flooding in the Southeast.

The retailer plans to donate $500,000 to American Red Cross Disaster Relief and work to provide both immediate and long-term support to local communities in the Southeast.

The “paint ‘n’ sip” phenomenon, whereby friends, neighbors, and colleagues come together to paint, drink and relax, is showing up signs of slowing down and that’s good news for a Louisiana-based company.

Painting with a Twist, which bills itself as the original and largest paint-and-sip franchise, has opened more than one new location each week this year, and is on track to reach its goal of 100 new locations in 2015.

Ross Dress for Less will open a new store in Redlands, California on Oct. 10. The 24,000-sq.-ft. relocation is in Mountain Grove at Citrus Plaza, and is being moved from its previous location at Tri-City Center.

With this location, Ross will operate 274 stores in its largest state. The opening is part of the retailer’s 2015 expansion program, totaling approximately 70 new locations during the year.

Consumers are experiencing frequent out-of-stocks, and retailers will be out of luck if they don’t do something about it.

According to a new survey from GT Nexus and YouGov, 75% of U.S. adults have suffered from an unavailable product in-store in the last 12 months.

One of the strongest performing retailers in the past few years will be getting a new CEO in January.

The company announced that current CEO and Chairman Carol Meyrowitz will step down and be succeeded by Ernie Herrman, 54, who will retain his current title as president of the company.

The U.S. Environmental Protection Agency (EPA) has recognized Stater Bros. Markets with its GreenChill Partnership's "Best Emissions Rate" award.

The honor recognizes the supermarket chain for maintaining the lowest corporate-wide refrigerant emissions rate among large retail GreenChill partners — some 10,800 stores in all — in 2014. It is the third time Stater Bros. Markets has been recognized with this distinction.

There will be a change at the top of lifestyle apparel retailer Tommy Bahama.

The TJX Companies announced that chairman and CEO Carol Meyrowitz will step down, effective January 31, 2016.

She will be succeeded by Ernie Herrman, 54, who will retain his current title as president of the company. Meyrowitz, 61, who has been at the helm of TJX since January 2007, will become executive chairman of the company’s board at the time of the CEO transition.