Corporate Governance

Former Walgreens CEO Greg Wasson is one of three top retail industry executives confirmed as inductees into the Grocery Manufacturers Association’s Hall of Achievement when the trade group holds a gala event in conjunction with its annual meeting this fall.

GMA will also honor former ConAgra Foods CEO Gary Rodkin and Chairman of the Board of Flowers Foods George Deese with the GMA Hall of Achievement Award in August.

Washington, D.C. - Import cargo volume at the nation’s major retail container ports is returning to normal levels as officials prepare to count votes on ratification of a new West Coast labor agreement. According to the monthly Global Port Tracker report from the National Retail Federation and Hackett Associates, the ports covered by Global Port Tracker handled a record-high 1.73 million twenty-foot equivalent units (TEU) in March 2015.

Leaders from the toy and baby products industries came together with celebrities in New York City to celebrate the 2015 Toys“R”Us Children’s Fund Gala and raise an astounding $4.6 million for kids.

Emmy and Tony Award-winning comedian Martin Short hosted the event, which also featured a performance by four-time Grammy winner Lenny Kravitz.

For generations, hair and beauty services were exclusively operated as “commission salons,” where owners collected a percentage of fees paid to stylists. About 30 years ago, the booth rental model began to gain traction, where stylists paid a flat fee to occupy a chair in a salon. Not long after the first booth rental model came into being, the first salon suite concept debuted.  

Cedar Hill, Texas - Trademark Property Co., the operating partner for Uptown Village at Cedar Hill, has announced a new name for the 610,000-sq.-ft. shopping center: Hillside Village. The new name and corresponding new brand were selected to reflect the garden-like look and feel planned as part of a multi-million dollar property renovation.  

Mississauga, Ontario - Walmart Canada has reached agreements to acquire one distribution center, 12 store leases and one owned property formerly held by Target Canada, for an aggregate of approximately $165 million Canadian ($136.3 million).
 

When Target pulled out of Canada, it was widely expected that Walmart would snap up some of Target's locations. But Walmart has decided to acquire only 13 stores, in a deal worth $136 million.

Walmart announced it has reached agreements to acquire one distribution center, 12 store leases and one owned property in Canada. The retailer says it expects to invest another $153 million to renovate the 13 stores and distribution center, bringing Walmart’s total investment to approximately $289 million.

London – British shoe retailer Soletrader sees delivery of an excellent customer experience across all retail channels as crucial to company growth while also providing competitive edge. Soletrader selected MNP Retail’s Order Management System to serve as a real time-inventory, order, and customer data hub.

This has enabled Soletrader to scale growth by way of digital stores and click and collect in-store tablet solutions.