Corporate Governance

Boise, Idaho -- The parent company of Albertson's, New Albertson's and Safeway (collectively Albertsons), AB Acquisition LLC, has appointed industry veteran Mark Panzer as senior VP of pharmacy, health and wellness, overseeing the company's 1,760 pharmacies in 34 states across the country. Panzer succeeds Darren Singer, who has left the company to pursue other opportunities.

Dollar General is making a difference in the lives of its customers and their communities with another massive donation to literacy programs.

The retailer’s Dollar General Literacy Foundation has awarded more than $5.8 million in grants to support adult, family and summer literacy programs to approximately 720 schools, nonprofits and literacy organizations across the 43 states Dollar General serves.

Gainesville, Fla. - Regal Entertainment Group (NYSE:RGC) will open a 10-screen reserved-seating luxury theater at Celebration Pointe, a 225-acre, mixed-use regional development located in Gainesville, Florida. Celebration Pointe partner Ralph Conti made the announcement.

Elmsford, N.Y. – Party City Holdco Inc. had something to celebrate in the first quarter of fiscal 2015, shrinking net loss to $8.52 million from $19.91 million the same period a year earlier. In addition, total revenues rose 7% to $462.1 million, from $432.99 million.

Brand same-store sales increased by 5.2% aided by the shift of the Easter selling season to the first quarter, which contributed 1.5% to the increase.

Fast-growing retailer shoes.com is on track to generate $300 million in sales after reporting a blockbuster first quarter.

In its first quarterly financial report since consolidating three online businesses under one platform, the company reported an increase in gross revenue of 89% to a record $60 million and a 129% increase in revenue from repeat customers. Gross profit margins remained robust at 44%.

Indianapolis – Simon plans to expand several marquee properties in the U.S., investing approximately $1 billion annually to enhance its assets. The Mills at Jersey Gardens in Elizabeth, New Jersey, will submit plans for a major expansion, adding approximately 411,000-sq.-ft. of new outlet brands, dining and entertainment to its footprint of more than 200 stores and 1.3 million-sq.-ft.

Arlington, Va. – The Retail Industry Leaders Association (RILA) is speaking out on retail data security. Brian Dodge, executive VP, communications & strategic initiatives, RILA, testified at the House Financial Services Committee hearing, “Protecting Consumers: Financial Data Security in the Age of Computer Hackers,” Thursday, May 14.

The parent company of Albertsons and Safeway has named a drugstore industry veteran as its new SVP of pharmacy, health and wellness.