Corporate Governance

Singapore -- Two retail chains in Singapore, Cold Storage and Guardian, have selected the Pricer ESL (electronic shelf label) solution in their stores and the rollout is planned to be completed by the end of 2015. The two chains are under the umbrella of The Dairy Farm Group.

Cold Storage operates about 50 large supermarkets in Singapore while Guardian operates 150 pharmacy stores.

New York – Ann Inc., the parent company of Ann Taylor and Loft, has been named a recipient of the 2014 Gallup Great Workplace Award. This award recognizes organizations around the world for having the most highly engaged work environments.

Walmart met low second quarter sales and profit expectations it set for itself but significantly lowered its full year outlook due to a tepid third quarter sales forecast and increased e-commerce and health care costs.

Kohl’s exceeded analysts’ profit expectations in the second quarter, but it wasn’t due to top line strength and now the company has a lot riding on the back-to-school season.

Loblaw has appointed Pavi Binning, George Weston Limited president, as a director on the company’s board.

Binning has been a director of George Weston Limited since 2012. He joined the company in 2010 as CFO after spending a year as a director of Loblaw Companies Limited. Prior to joining Weston, Binning was at Nortel Networks Corporation, where he held the role of CFO and subsequently chief restructuring officer. Prior to that, Binning held CFO positions at both Hanson plc and Marconi Corporation plc, as well as executive positions at Diageo plc.

BitPay, a payment service provider (PSP) specializing in e-commerce, B2B and enterprise solutions for the bitcoin digital currency, has expanded its San Francisco office with several new hires.

The company has named Sonny Singh as its chief commercial officer to oversee all sales operations. With more than 15 years of experience in helping to grow tech companies, Singh will be responsible for increasing BitPay’s customer base of more than 40,000 merchants.
 

Amazon plans to open a fifth California fulfillment center in Redlands. Since opening its first fulfillment center in the state less than two years ago, Amazon has expanded its presence to nearly 5 million sq. ft. Amazon’s other California fulfillment centers are located in San Bernardino, Moreno Valley, Patterson and Tracy.

Advance Auto Parts demonstrated strength in its second quarter performance in one of the retail industry’s hottest sectors.

Raley's Supermarkets worked with NRG eVgo to unveil an electric vehicle (EV) fast charging station at a retail location in Northern California that features both industry standard fast chargers: CHAdeMO and SAE Combo.

Located at Nob Hill supermarket in Mountain View, this Freedom Station is the first to incorporate the new SAE Combo fast charge standard, according to the company.

Following Walgreens' announcement last week about taking the next step in acquiring Alliance Boots, Alex Gourlay, EVP Walgreens Boots Alliance and president of Walgreens, announced changes in the company's operational organization structure in a letter to Walgreens employees.