Corporate Governance

Patrick Spear has joined GMDC as president to fill a role previously held by the organization’s long-time CEO Dave McConnell.  Spear brings 25-plus years of experience in the consumer and office products industry to GMDC’s senior management team.  

SearsRugs.com is the name of a new online marketplace that promises to make shopping for high end affordable rugs easy and fun.

The site launched recently and promises access to tens of thousands of the best handmade and machine-made rugs from around the world. SearsRugs.com, a licensee of Sears Holdings, said it is working with the retailer to provide an easy and fun shopping experience and indicated the relationship would give SearsRugs.com a substantial position in the online rug market.

Bulbs.com, is set to help businesses save big when switching to energy efficient lighting products. 

A leading online lighting supplier is launching its new National Utility Rebate Program initiative to help qualifying commercial customers participate in available utility rebate incentives for lighting products throughout the United States.

The farmers market has gone digital at Overstock.com where the discount online retailer has launched home delivery of locally sourced product.

Overstock.com launched the new Farmers Market section of its site to offer home delivery of seasonal, healthy food, grown and produced in close proximity to shoppers, according to the company.

Former Maidenform CEO Maurice Reznic was named Delta Galil’s CEO of women’s intimate apparel for U.S. and U.K. and president of its U.S. branch.

Walgreens reported October sales of $6.8 billion, an increase of 6.9% from the comparable year-ago period.  

Academy Sports and Outdoors' 186 locations won’t be open Thanksgiving Day, but the retailer does have other operational and promotional strategies planned including a 5 a.m.Black Friday opening.

The $4 billion retailer said it was continuing its longstanding practice of not opening on Thanksgiving Day. Instead, leading up to Thanksgiving Academy plans to provide customers access to shop its Black Friday deals early through three major sales events – Early Access, Black Friday Starts Now, and Black Friday.

New York City -- BlackRock Kelso Capital Corporation announced that it has completed a transaction with Gordon Brothers Group to launch Gordon Brothers Finance Company.  

Kalamazoo, Mich. -- Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of Maple Hill Mall in Kalamazoo, Mich. The 283,551-sq.-ft. center was purchased from Kimco Realty Corp. by Whitehouse, Ohio-based Devonshire REIT.  

Dallas --SRS Real Estate Partners has introduced San Francisco’s Investment Services Group, led by capital markets industry veteran Michael Federle. Federle has been hired as senior VP of the new team, which will be tasked with representing institutions, developers, and high-net-worth individuals in the sale, acquisition, and financing of quality real estate assets.