Corporate Governance

Seattle – Starbucks Corp. is reportedly changing its scheduling rules to prevent employees from having to work an opening shift after a closing shift the previous evening. According to Bloomberg, Starbucks is altering its scheduling policy following a report in the New York Times about a Starbucks barista who had difficulty managing her schedule with her childcare needs.

Minneapolis – Edward R. (Jack) Cameron, 74, is retiring as president and CEO of Appliance Recycling Centers of America Inc. (ARCA). Mark Eisenschenk, who has served as COO since July 2013, has been promoted to the position of president and CEO.

Orlando, Fla. - Darden Restaurants Inc. has retained global executive search firm Russell Reynolds Associates to assist the company with the recruitment of its next CEO. As previously announced, Clarence Otis is stepping down as chairman and CEO of Darden.  

To ensure a smooth transition, Charles A. Ledsinger Jr. has been appointed independent non-executive chairman of the board, and Mr. Otis has agreed to continue serving as CEO of Darden until the earlier of the appointment of his successor or Dec. 31, 2014.

Oak Brook, Ill. - Hub Group, a provider of intermodal, truck brokerage and logistics services, has received the 2014 Partners in Transformation Award from Sears Holdings.

Sears Holdings' Partners in Transformation Award is presented to supplier companies that excel in supporting Sears Holdings through innovation around integrated retail and the Shop Your Way program. Less than one half of 1% of more than 30,000 suppliers that work with Sears Holdings received this award.

Eden Prairie, Minn. – Supervalu Inc. has suffered a data breach that may have resulted in theft of customer payment card data. The stolen information may include account numbers, and in some cases also the expiration date, other numerical information and/or the cardholder’s name.

Plano, Texas -- J.C. Penney answered Wall Street questions about whether or not the struggling department store retailer could stage a comeback — by posting better-than-expected profit and revenue in the second quarter.

A brand known for its American craftsmanship has opened a flagship in the heart of the Ginza, one of the premier shopping districts in Tokyo.

The 2,000-sq.-ft. space marks the new face of Cole Haan for its retail stores as it expands. It blends tradition and modernity in a casually elegant environment, with distinct presentations for both female and male shoppers.   

The Coca-Cola Company plans to acquire a 16.7% interest in Monster Beverage Corporation in an unconventional partnership arrangement involving brands, global distribution and $2.15 billion in cash.

The companies entered into a long-term strategic partnership designed to leverage their respective strengths — Coke’s worldwide bottling system and Monster’s expertise in the energy segment of the beverage category — to accelerate growth globally.

Manhattan Associates continues to close the loop on its supply chain and omnichannel service offering with the recent acquisition of in-store mobile solutions provider GlobalBay Technologies from VeriFone.

Despite an increase of 1% in comparable store sales, Dillard’s CEO William T. Dillard II expressed disappointment in the company’s bottom line performance.

The company’s net sales for the 13 weeks ended Aug. 2 were $1.475 billion, compared to net sales of $1.480 billion for the 13 weeks ended Aug. 3, 2013. Net sales include the operations of the company’s construction business, CDI Contractors.