Corporate Governance

Atlanta - Gerard J. Arpey, former CEO of American Airlines, has been named to the board of directors of The Home Depot Inc. Arpey will serve on the company's Finance Committee and its Nominating and Corporate Governance Committee.

The Woodlands, Texas – The decision to stop selling video game products, digital cameras, and certain tablets affected same-store sales at Conn’s Inc. during the second quarter and July fiscal 2016. However, Conn’s still reported total preliminary net retail sales of $325 million during the quarter, up 13% from the prior year period.

The CEO of Fred's says its stellar sales for July reflect the success of the company's expanded pharmacy business.

New Rochelle, N.Y. - Welco Realty Inc., an XTeam partner, has signed an approximately a 50,000-sq.-ft. lease with supermarket chain Fairway Market at Georgetowne Shopping Center in Brooklyn. New York.

Welco represented both the landlord, Astoria Holding Corp., and tenant in this transaction.   

Build-A-Bear's recent push to reinvigorate its fading brand seems to be working as the retailer reported a big increase in same store sales in the second quarter. 

Bellevue, Wash. – Thrift shop customers appreciate the deep savings, but most of them do not shop out of necessity.

According to a new survey of 1,001 U.S. adults from the Savers thrift shop chain, 76% of Americans are choosing thrift with the top two reasons being that it’s cost-effective and feels like a treasure hunt. The new data about Americans’ shopping behaviors also highlights:  

• 77% agree that it’s important that they get a good deal or value on the items they buy.

Off-price shop Stein Mart's strategy of just the right product, at just the right price, at just the right time seems to be working as the retailer reported another quarterly increase in same store sales.

Stein Mart Inc. reported rising total sales in the second quarter ended Aug. 1. Total sales for the quarter rose 4% to $311.6 million, from $298.1 million. Same store sales for the quarter rose 3%.

A complete revamp has put a new focus on freshness and customer engagement at Strack & Van Til.

Focusing on whole organics, natural foods, and gluten-free products, the 56,458-sq.-ft store is set up to offer the value of a farmers market in the environment of a large space. Customers can even have their fresh purchased seafood grilled for them on-site.