Corporate Governance

G&K Services, a service-focused market leader of branded uniform and facility services programs in the United States and the largest such provider in Canada, has added Frito-Lay North America president Thomas R. Greco to its board of directors and its compensation committee.

Hampshire Group signed a master supply agreement with Levi Strauss & Company in which Hampshire will supply knit shirts, woven shirts and sweaters to Dockers’ global business.

IID, a cybersecurity company that provides the platform to easily exchange cyber threat intelligence between enterprises and governments, has expanded its executive team with the addition of Bob Dunne as VP of sales.

Dunne will oversee IID's global sales team, which is focused on helping support the growing demand for its platform to exchange cyber threat intelligence, ActiveTrust.

The board of directors at the Sherwin-Williams Company elected Matthew Thornton III as its newest member.

Effective July 16, Thornton will join the board as its tenth director, as well as a member of its audit committee.

Staples has officially launched the 2014 back-to-school season with its Make More Happen for Less promotion, which offers customers three ways to save on products.

“This year, Staples will Make More Happen for Less with guaranteed savings and exciting products not found anywhere else,” said Demos Parneros, president of North American stores and online, Staples. “Our 110% Price Match Guarantee, Staples Less List and Weekly Hot Deals let customers find everything they need to succeed in school — at great prices.”

The National Retail Federation (NRF) is supporting the Marketplace and Internet Tax Freedom Act. The legislation was introduced by Senators Michael Enzi, Richard Durbin, Lamar Alexander, Heidi Heitkamp, Susan Collins and Mark Pryor.

Rockford, Mich. -- Wolverine Worldwide said it plans to close about 140 stores, primarily under the Stride Rite banner,  over the next 18 months as part of a strategic realignment plan to accelerate growth and improve overall profitability.  About 60 stores will close by the end of the current fiscal year, with the rest to be shuttered by the end of 2015.

Atlanta – Aaron’s Inc. on Tuesday said it plans to close 44 underperforming stores in the third quarter of fiscal 2014 and continue other cost-reduction initiatives in response to disappointing core business performance. The electronics, furniture and appliances rentals retailer also revised its earnings guidance downward for the second quarter.

The company praised the performance of its recently purchased Progressive Finance unit.

New York -- The daily-deals website LivingSocial on Tuesday named Gautam Thakar, a longtime eBay executive, as its incoming president and CEO. Thakar heads the e-commerce giant's Shopping.com price comparison site.

He will replace co-founder and outgoing CEO Tim O’Shaughnessy by mid-August.

Brooklyn, N.Y. -- Home furnishings retailer West Elm will open in New Orleans on July 24.

Located in the Lower Garden District, the approximately 10,000-sq.-ft. store is designed with installations inspired by New Orleans culture and will feature a local assortment made by Louisiana-based artisans that includes art, leather goods, vases and stationery.