Corporate Governance

Littleton, Mass. – Net income at Dover Saddlery Inc. for the second quarter decreased 26% to $261,000, compared to $355,000 achieved in second quarter 2013. Higher selling, and general and administrative expenses helped cut the net income total.

Dover Saddlery is planning to open four-to-six retail stores in 2014. Until there is greater long-term visibility on sustainable economic conditions and consumer behavior, the company is not providing guidance on other business prospects.

North Bergen, N.J. - The Vitamin Shoppe will host its latest "Share the Health" expo on Aug. 16, in more than 600 stores nationwide. As part of this event, each store will offer its own specialized festivities, such as free product samples and consultations with local wellness partners.

This marks the ninth Share the Health Expo hosted by the Vitamin Shoppe since 2012. The Vitamin Shoppe stores will host wellness partners from their communities throughout the day, ranging from local gyms and spas to chiropractors and product representatives.

Retail trade event organizer Efficient Collaborative Retail Marketing (ECRM) name media veteran Joseph Tarnowski to the newly created position of chief content officer.

Tarnowski will lead the development of ECRM’s content platform to deliver actionable information and insights to retail buyers and suppliers such as original research and insights from ECRM Data, the company’s business intelligence division.

Outdoor equipment and apparel company Black Diamond named former Sony and Gap executive Zeena Freeman as president and eventual CEO.

The Salt Lake City-based manufacturer of outdoor performance equipment and apparel said Freeman would join the company as president, reporting to co-founder and CEO Peter Metcalf, who she will succeed in that role next June.

Supervalu welcomed nearly 4,000 independent grocery retailers to St. Paul, Minn., this week for the grocery distributor’s inaugural national sales expo and trade show.

A new partnership with Hendrick Motorsports has 3M off to the races. The company has signed a three-year contract to become the primary sponsor of NASCASR driver Jeff Gordon’s No. 24 car, starting in 2015.
 
The brand will use its sponsorship — which includes 11 Sprint Cup races every year — in product launches and promotions.
 

McCormick’s VP, general counsel and corporate secretary W. Geoffrey Carpenter plans to retire January 1, 2015. Carpenter has been with McCormick for more than 30 years and has served there as an executive officer since his appointment to his current position in 2008.

Travis Smith is stepping down as Jo-Ann Fabric and Craft Stores’ president and CEO, effective immediately — a role he was promoted to January 31, 2010.

The board of directors is undertaking a comprehensive search to find his replacement. Until then, Jim Kerr, the company’s EVP and CFO, will serve as interim CEO of the company, while continuing in his current role. Kerr will partner with Riddi Kline, EVP of marketing and merchandising, and Tom Williams, EVP of operations and human resources, to manage the business.

Dole Fresh Fruit’s sales and marketing team will be taking a trip to Kannapolis, North Carolina, to see the company’s Nutrition Research Laboratory on the state’s research campus.
 
The visitors will be led by Dole’s VP of nutrition research Nicholas Gillitt, who will show them around the campus and explain research in the hope that the marketing team will pass it on to consumers.
 

New York -- Barneys New York has settled its profiling and racial discrimination case, agreeing to pay $525,000 and implement measures to address potential future profiling chances.

The retailer’s Madison Avenue store has been under investigation by the New York State Attorney General’s office for the past nine months.