Corporate Governance

Denver - Wrap & Send Services, a luxury retail packing and shipping solution, is offering professional in-store and warehouse support for the 2014 holiday season. Currently, Wrap & Send Services works with many luxury big-box stores in New York City, as well as 30 cities across the U.S.

Wrap & Send's expert packing and shipping solution help manage the volume, cost, speed and branding standard that is required when shipping from the store.

Dublin, Calif. - Ross Dress for Less will open two new stores in Hawaii on Oct. 10. The stores are located in Kukui Grove Center in Lihue, on the island of Kauai, and the Kahala Mall in Honolulu, on the island of Oahu.  

These new openings are part of the retailer’s 2014 expansion program, totaling approximately 75 new locations during the year.

Hoffman Estates, Ill. – Sears Holdings Corp. is selling most of its 51% stake in its Sears Canada division to shareholders as its looks to boost its liquidity before the crucial holiday selling season. Sears, which previously said it was exploring options for the struggling Sears Canada unit and retained Bank of America Merrill Lynch in May 2014, expects to raise as much as $380 million by November 2014. 

The Bon-Ton board of directors has added Beth Grumbacher, daughter of board chairman and strategic initiatives officer Tim Grumbacher, to its ranks, expanding the number of members to 10.

Vantiv, a leading provider of payment processing services and related technology for merchants and financial institutions, has appointed Larry Drury as its chief marketing officer. Drury will report directly to CEO Charles Drucker.

Rite Aid reported $2 billion in sales for the four weeks ended Sept. 27, representing a 4.5% increase over the comparable year-ago period.
 
Same-store sales increased 5.1% over the prior-year period, including a 2.3% lift in front-end same-store sales and growth of 6.3% in pharmacy comparable sales. Pharmacy same-store sales included an approximate 225 basis points negative impact from new generic introductions. Prescription count at comparable stores increased 4.4% over the prior-year period.
 

As part of PepsiCo’s efforts to help drive the U.S. beverage container recycling rate to 50% by 2018, the company is now opening its K-12 school Recycle Rally program to schools across the country.

Walgreens has partnered with WebMD Health for an initiative to help improve health and wellness in America by helping and incenting consumers to make healthier choices at home, work and on-the-go.
 

As part of its agenda to boost liquidity ahead of the highly contested holiday shopping season, Sears Holdings plans to sell most of its 51% stake in its struggling Sears Canada division to shareholders — a move that stands to raise as much as $380 million by November.

Christopher & Banks is preparing to roll out its new missy-petite-women (MPW) store concept at 37 stores, after successfully testing the retail strategy at 20 locations across the US last year. The retailer plans to convert a total of 190 stores by the end of this year.