Corporate Governance

GNC has appointed senior retail industry executive Michael G. Archbold as CEO and member of the board, effective immediately. Archbold replaces chairman, president and CEO Joseph Fortunato, who is leaving the company and has stepped down from the board.

Lead independent director Michael Hines has been elected non-executive chairman.

Scotts Miracle-Gro reported declines in sales and income for the third quarter of 2014, but pointed to momentum that may place the company at the top end of its guidance for the year.

Online retailer Overstock.com is launching a partnership with nonprofit Give Back Box to make donating used clothes easier for its customers.
 
Soon, customers who order products from Overstock.com will be able to use an enclosed Give Back Box shipping label to send their used clothes to nonprofits nationwide.
 

Groupon has named Parker Barrile as its SVP of product. He will lead Groupon’s global product teams focused on Web, mobile and design.

“Parker brings tremendous value to Groupon both as an entrepreneur and an established, effective product leader in global tech organizations,” said Groupon CEO Eric Lefkofsky. “He will help us evolve our local commerce platform to further engage our customers and help make Groupon a premier online shopping destination.”

As today’s healthcare market continues to evolve, CVS Caremark’s portfolio of enterprise assets is enabling the company to provide innovative solutions and products that are delivering results, as evidenced by its “strong” second-quarter results released Tuesday morning.

Under Armour’s newest board member is former ESPN president George Bondenheimer.
 
"We are excited to have George Bodenheimer joining our board," Under Armour CEO and chairman Kevin Plank said "His pioneering vision and his experience building and leading a global sports media brand will bring important perspective and expertise to our company as we continue to expand the UA brand globally."
 

Hillshire Farm is introducing its Hillshire Farm Naturals line of lunchmeat ahead of the start of the school year.
 
The meats in the lineup are preservative-free and don’t contain any nitrates, nitrites, or any artificial coloring or flavors. The new variety will come in black re-sealable tubs, and include two varieties of turkey breast — slow roasted and smoked — as well as black forest and honey roasted ham.
 

Just a few days after naming a new CEO, Target issued a preliminary update on its second-quarter expenses related, in part, to the December 2013 data breach.  

San Francisco -- Digital payments company Square announced that it has acquired Caviar, a start-up that specializes in food deliveries from high-end restaurants.

“Caviar’s curated, seamless delivery experience is exactly the kind of service we want to provide to buyers and sellers,” said Square cofounder and CEO Jack Dorsey. “By making delivery such a fast, friendly, and easy process, Caviar gives time back to restaurants so they can focus on what they do best — cooking great food for their customers.”

New York -- Epson, a leading supplier of value-added point-of-sale (POS) solutions, and Mobivity Holdings Corp., a provider of retail customer engagement and marketing technologies, have entered into a partnership to transform receipts from transactional to actionable.