Corporate Governance

Hoffman Estates, Ill. -- Sears Holdings had tapped a Gymboree exec as president and put her in charge of Sears’ Shop Your Way loyalty program.

Sears is using the program to align its online and offline operations.

With its stock trading at a 52-week low, Sears has made an interesting choice to lead its department store business.

The company says it has found a new executive to develop a strategy for the Sears format that focuses on meeting the needs of the Shop Your Way member.  

Chicago -- Starbucks Corp. is ratcheting up its already significant commitment to job creation.

The coffee giant is teaming up with such other retail powerhouses as Walmart, CVS Health, Walgreens, Macy’s, Target and J.C. Penney in an ambitious jobs program to hire 100,000 16- to 24-year-olds "who face systemic barriers to jobs and education" by 2018 through apprenticeships, internships, training programs, and both part-time and full-time jobs.

Batavia, Ill. -- Comedian Ben Bailey is doing his thing in an Aldi supermarket as opposed to his usual taxi cab.

Aldi, the fast-growing deep-discount supermarket chain, has teamed up with Ben Bailey, best known as host of the former TV series "Cash Cab,” in an online video series. Described as equal parts education and entertainment, the series is designed to help introduce Aldi to new customers across the United States and in Southern California specifically, where it is planning to open approximately 45 new stores in 2016.

Chesapeake, Va. – Dollar Tree Inc. is not slowing down after finalizing its $8.5 billion acquisition of Family Dollar Stores Inc. last week. The retailer plans to open a 1.5 million-sq.-ft. distribution center in the vicinity of Spartanburg, South Carolina.

Redwood Shores, Calif. – Oracle is enabling retailers to fulfill orders in the cloud with two new product releases on the Oracle Supply Chain Management Cloud platform. The two solutions, Oracle Order Management Cloud and Oracle Global Order Promising Cloud, provide modern order promising, management, visibility and fulfillment capabilities.

Ankeny, Iowa - Casey’s General Stores Inc. is set to have its first new CEO in more than a quarter-century. After more than 26 years with the company, Robert J. Myers, chairman and CEO, will retire as CEO at the end of the 2016 fiscal year on April 30, 2016.

Boston – A three-level CityTarget store is a main feature of a new $315 million mixed-use development on Boylston Street in the Fenway neighborhood of Boston. The Samuels & Associates development also includes a 172-unit luxury apartment building and adjoining 11-story office tower.

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