Corporate Governance

Foster City, Calif. – Financial services provider Visa Inc. is among the lead investors in a $30 million round of equity funding for a blockchain technology provider.

Shoppers who love a good deal on designer duds have a new reason to shop Century 21 in New York City.

The retailer has partnered once again with famous street artist Mr. Brainwash on a second mural honoring the city and the attacks of Sept. 11. His second interpretation of the events that changed the city and the nation forever are located on a 65-square-foot by 225-square-foot wall of the storefront on Church Street, depicting painted images of iconic NYC sights and sceneries.

Berkeley, Calif. - Cheryl Hughes has joined Andronico’s Community Markets as CFO. Recently appointed CEO Suzy Monford leads the all-female team.

Hughes formerly held the role of controller for Chemoil, a global oil trading organization. Prior to this role she was CFO at Pacific Convenience & Fuels based in Pleasanton. Her career in food and retail dates back to her 15-year stint as director of U.S. Finance with Circle K Stores Inc.
 

Kroger on Thursday announced the appointment of four EVPs to lead key lines of business.  

Bentonville, Ark. -- In the latest move in its battle against Costco, Sam's Club is going to start accepting the very form of payment that Costco rebuffed earlier this year.

Starting Oct. 1, all Sam’s Club locations in the U.S. and Puerto Rico will take American Express cards at checkout. Earlier this year Costco ended its 16-year relationship with American in favor of Visa after the two companies could not come to an agreement on new terms.

Ollie’s Bargain Outlet delivered strong sales growth in its first quarter as a public company and expects the second half of the year will see more of the same from its rapidly expanding store based and extreme value positioning.

This special report by WD Partners examines one of the most crucial questions confronting the retail industry:  the role of the physical store in a digital age. It provides a call to action for a new retail experience, and offers insights and guidance on how retailers can position themselves for success in this new age.

Click here to download the report.
 

New York -- The storefront of Century 21 Department Stores’ flagship in lower Manhattan has been given a stunning makeover to honor the city and in remembrance of the 9/11 terrorist attack.

The off-price retailer has partnered once again with internally famous street artist Thierry Guetta (commonly referred to as Mr. Brainwash), who has painted a vibrant mural on a 65-sq.-ft. by 225-sq.-ft. wall on the flagship’s façade. The store is in the financial district and close to where the World Trade Center once stood.