Corporate Governance

Washington, D.C. -- In a first, the International Code Council (ICC), ASHRAE, the American Institute of Architects (AIA), the Illuminating Engineering Society of North America (IES) and the U.S. Green Building Council (USGBC) have come together and signed an agreement to collaborate on the development of Standard 189.1, the International Green Construction Code (IgCC) and the LEED green building program.

Calgary, Alberta, Canada -- Sears Canada Inc. announced the opening of a new 240,000-sq.-ft. fulfillment center located in Calgary, Alberta.

Oak Brook, Ill. -- McDonald’s Corp. on Friday named one of its former executives, Mike Andres, as president of its U.S. operations, effective Oct. 15. Andres rejoins McDonald's after most recently serving as chairman and CEO of restaurant chain Logan's Roadhouse,

Andres, 56, replaces Jeff Stratton, 58, who is retiring after 41 years with the company. Stratton was named U.S. president in November 2012.

New York -- Ann Inc. on Friday reported earnings of $32.7 million in its fiscal second quarter, down from $35.6 million in the second quarter of 2013. Its results were in line Wall Street expectations. Looking ahead, the company forecast revenue for the third quarter below Street estimates and also lowered its revenue outlook for fiscal 2014.

Total net sales for quarter were $648.7 million, compared with net sales of $638.2 million in the year ago period.

New York -- Aeropostale Inc. on Thursday reported a second-quarter loss that was less than the Wall Street expected. It also forecast a bigger-than-expected loss for the current quarter.
 
Aeropostale, which has lost money for seven consecutive quarters, reported a net loss for the second quarter of fiscal 2014 of $63.8 million, compared to a loss of $33.7 million in the year-ago period.

Birmingham, Ala. -- Hibbett Sports profit in the second quarter declined 21% amid higher store operating, selling and administrative expenses. Net income for the 13-week period ended August 2, 2014, was $8.4 million compared with $10.5 million for the 13-week period ended August 3, 2013
  
Net sales for the quarter increased 4.1% to $193.9 million compared with $186.2 million for the 13-week period ended August 3, 2013. Same-store sales edged up 0.1%.
  

New York -- Foot Locker on Friday turned in another winning performance, posting sales and income for the second quarter that topped analysts’ estimates.

Net income for the quarter increased to $92 million, from $66 million in the year-ago period.

Total sales increased 12.9%, to $1.64 billion, compared with $1.45 billion for the corresponding prior-year period. Excluding the effect of foreign currency fluctuations, total sales for the second quarter increased 11.7%.  

Grapevine, Texas -- GameStop Corp. on Thursday reported a second-quarter profit of $24.6 million, up from $10.5 million in the year ago period.

Revenue rose 25% to a better-than-expected $1.73 billion, helped by new game releases as well as solid sales of gaming hardware.

San Francisco -- Gap Inc. posted a better-than-expected quarterly profit and sales and raised its full-year profit forecast, helped by strong sales at Old Navy.

Net profit rose to $332 million in the second quarter ended Aug. 2, from $303 million a year ago.

Atlanta -- The Home Depot on Thursday named Craig Menear, president of the chain's U.S. retail business, as CEO and president, effective Nov. 1. Menear succeeds chairman and CEO Frank Blake.  Blake, who has held the top spot since 2007, will remain chairman.

Menear, who was also elected to the company's board of directors, effectively immediately, assumed his current position in February 2014. He is a 34-year retail veteran, and has been a key leader in the company's success, the retailer said.