Corporate Governance

Seattle -- Amazon continues to expand its already formidable fulfillment center.

The online giant plans to open a nearly 500,000-sq.-ft. center in Joliet, Illinois. The site, which will create 1,000 full-time jobs when it opens, is the company’s first in the state.

Amazon.com is planning to make its deliveries to Chicago area customers a lot faster and more efficient with the opening of a new distribution center.

The retailer plans to open a nearly 500,000-square-foot fulfillment center in Joliet, Ill. The site, which will create 1,000 full-time jobs when it opens, is the company’s first in the state.

New York -- Alibaba Group Holding Ltd. has entered into its biggest deal ever — and this one is in the brick-and-mortar arena.
 
The Internet giant has invested approximately $4.63 billion in Chinese consumer electronics retailer Suning, which operates more than 1,600 stores across 289 cities in China. The investment gives Alibaba a 19.9% stake, making it the second largest shareholder in the company.

In return, Suning will invest up to $2.28 billion to subscribe to new shares of Alibaba.

As retailers feel pressured to raise wages for employees, GameStop is focusing on education by giving staffers an incentive to hit the books.

Indianapolis -- The calendar may read August, but Hhgregg is already looking to firm up its holiday hiring.

The appliance, electronics and furniture retailer announced it is hiring 550 full-time and part-time in-store sales associates. As the holiday shopping season continues to tiptoe earlier into the calendar year, Hhgregg said it is looking to have their stores fully staffed and associates trained and ready to greet shoppers getting a jump on the holiday rush.

Retailers know the power of social media in influencing customer attitudes, but how many of them change their merchandising strategy seemingly based on one tweet?

New York -- Local politicians and local New Yorkers differ in their views on Walmart.

Fifty-five percent of New York City residents want elected officials to let Walmart open a store within the five boroughs, according to a poll by Quinnipiac University.

The results are similar to a poll conducted by the university four years ago, when the retailer made a failed push to open in Brooklyn.

Phoenix — Sprouts Farmers Market has a new CEO.

The company announced a leadership succession plan, effective Aug. 6, whereby CFO Amin Mereda has been appointed CEO. Doug Sanders, currently president and CEO, ascends to the role of  executive chairman.