Corporate Governance

Oakville, Canada – The omnichannel Tim Hortons Duelling Donuts contest kicks off July 7 and at the end of seven weeks, the creator of the next Tim Hortons menu item will be crowned — and they'll win $10,000. New this year, eight finalists will have the opportunity to defend their donut ideas in person to a panel of famous Canadians — Jason Priestley, Jann Arden, Anna Olson and Ben Mulroney.

Brooklyn, N.Y. - In partnership with its largest rug supplier, Raj Overseas, West Elm has established a fair trade certified factory for handcrafted rugs in India. Fair trade certification ensures that the rugs are made in safe working conditions and that workers are justly compensated, delivering a premium back to the worker to invest in causes of their choice.

New York – In a regulatory filing, PetSmart disclosed that its board of directors is considering changes to the company’s capital structure in order to return more capital to shareholders. The disclosure follows a July 3 announcement by activist investor Jana Partners that it holds a 9.9% stake in PetSmart and plans to ask the retailer to explore various options, including a sale.

By Jason Baker and Kenneth Katz, co-founders and principals, Baker Katz

Dublin, Calif. -- Ross Dress for Less will open three new stores in Indiana on July 19. The stores include Waterford Park South Shopping Center in Clarksville, Shops on Main in Schererville, and Erskine Village in South Bend. 

These new openings are part of the retailer’s 2014 expansion program, totaling approximately 75 new locations during the year. 
 

Amazon is expanding its organic and non-GMO natural food offering with the addition of Green PolkaDot Box Incorporated (GPDB), an emerging online food club.

The agreement between the companies is intended to take advantage of strategic food offerings developed by GPDB, including frozen/refrigerated goods and proprietary Living Produce. GPDB sales are scheduled to commence on Amazon this week.  

EnTouch Controls, a provider of cloud-based energy management services, is embarking on an aggressive growth strategy and to that end has appointed William Rickman as its new director of national accounts.

Rickman has more than a decade of experience of selling cloud-based financial services and fraud prevention solutions to the restaurant and retail markets.

Bed Bath & Beyond plans to spend nearly $3 billion buying back its own stock during the next two years after weak results earlier this year prompted a sell-off in the company’s shares.

General Mills is tapping into the latest consumer-driven food trends with its new lineup of products launching this summer.

Cheerios Protein cereal, Larabar Renola grain free granola, Chex Gluten Free Oatmeal, nacho cheese blasted Old El Paso taco shells, Suddenly Salad made with whole grains, Pillsbury Melts filled cookies and Haagen-Dazs Triple Sensations ice cream are among the more than 150 new products appearing across the U.S. and around the world.

Off-price department store retailer Gordmans Stores is still without a full-time CEO, but the retailer did just fill two key marketing and e-commerce positions.

The Omaha-based apparel and home decor retailer named Amy Starr Myers to the role of SVP of marketing and Stacey Townsend was named vp and general manager of e-commerce to launch Gordman’s online sales effort.