Corporate Governance

Asheville, N.C. – Profit stayed essentially flat at Ingles Markets Inc. for the third quarter of fiscal 2015. Ingles reported net income of $13.78 million, compared to $13.83 million the same quarter the prior fiscal year.

Lower interest and income tax expenses helped Ingles keep profits steady in the face of net sales declining 3% to $945.97 million, from $978.26 million. Declining gasoline prices negatively impacted sales.

J.C. Penney just poached two key executives to maximize the power, reach and integration of its omnichannel efforts.

The department store retailer named Michael Amend, former vice president of online, mobile and omnichannel for Home Depot, to the position of executive vice president of omnichannel effective immediately. He fills a position previously held by Mike Rodgers who left the company. Additionally, Mike Robbins, formerly the senior vice president of global supply chain for Target, will be joining the J.C. Penney as senior vice president of supply chain effective Aug. 10.

New York -- Uniqlo, the fast-growing fast-fashion division of Japan’s Fast Retailing, is expanding its relationship with Disney Consumer Products. The retailer has even chosen a Disney property as the site of its first store in Florida.

Uniqlo on Monday announced a global collaboration with Disney Consumer Products to produce a new line called “Magic for All.”  In addition to new products, the collaboration will include pop-up displays, and in-store and online customer experiences.

Marshfield, Mass. -- Brixmor Property Group has acquired Webster Square, an 182,756-sq.-ft., grocery-anchored community center located on Boston’s South Shore. Cushman & Wakefield oversaw the transaction of the Star Market-anchored community shopping center on behalf of Curtis Management.

Sears Holdings keeps finding new ways to generate cash and gain financial flexibility, but selling merchandise is not among them.

Canton, Mass. -- A Rockport veteran is returning to head up the company he left more than 30 years ago.

On Monday, investment firm Berkshire Partners and New Balance Holding completed their acquisition of The Rockport Company from the Adidas Group. As part of the transaction, New Balance affiliate Drydock Footwear will join with Rockport to form The Rockport Group. Bob Infantino was named CEO of the reorganized company.

Yahoo! Inc. is trying to expand its digital content and advertising business by acquiring a fashion website that allow shoppers to put together sets of clothes and accessories, and then buy them.

Cincinnati – A redesign has upped the customer experience and increased sales at casual-dining chain Pollo Tropical.

The 120-plus-unit, Caribbean-themed casual-dining chain, part of Fiesta Restaurant Group, recently underwent a store redesign as part of a national growth strategy and repositioning, with the efforts led by FRCH Design Worldwide.