Corporate Governance

Oak Brook, Ill. – McDonald’s Corp., which recently reported a 33% year-over-year decline in profits for the first quarter of fiscal 2015, is revealing the first steps of its turnaround plan. Beginning July 1, 2015, McDonald's will operate under a new organizational structure with the following market segments:

• U.S.: The company's largest segment, accounting for more than 40% of the Company's 2014 operating income;

WinCo Foods LLC is marking its 100th store opening with a huge celebration in Texas on May 7.

The newest WinCo Foods store is located at 1288 W. Main St. in Lewisville and is the fifth WinCo Foods store to open in Texas. Occupying approximately 83,000 square feet the store will initially employ approximately 150 individuals, about 140 of whom have been hired locally.

By Kevin Hughes, JLL

1. Keep Your Options — And Doors — Open: The Americans with Disabilities Act (ADA) is designed to prohibit discrimination and ensure equal opportunity for people with disabilities. In effect since 1991, it has undergone updates, affecting most commercial real estate in some fashion. In fact, all commercial spaces used by the public – as well as many employee-use areas – are required by law to comply with ADA regulations.

San Francisco – The Gymboree Corp. shrank its net loss in the fourth quarter of fiscal 2014 to $7.4 million, from $167.2 million in the same quarter a year earlier. The elimination of a non-recurring $157.2 million non-cash impairment charge in the fourth quarter of fiscal 2013 contributed to the reduction in net loss.

Net sales rose 7% to $375.6 million, from $351 million. Same-store sales rose 5%. In fiscal 2015, Gymboree plans to close 30-40 stores and open about 12 stores.

Hancock Fabrics’s CEO says the company is “heading in the right direction” after reporting an increase in same store sales for the fourth quarter.

The financial news comes just a few weeks after the retailer announced the refinancing of the company’s existing senior debt under a new credit agreement with Wells Fargo Capital Finance and Great American Capital Partners.

Marion, Ill. -- Outdoor gear and apparel retailer Gander Mountain is set to open its new location, in Marion, Illinois, on May 7.

The new 52,000-sq.-ft. store is the company’s eighth in Illinois. The exterior and interior layout reflect Gander Mountain's new store design featuring innovative interior elements, displays and fixtures.

Hibbett Sports’s expansion plan hit an important milestone in Texas this month.

The retailer announced the opening of its 1,000th store in Sealy, Texas, at 2290 Highway 36 South in Brazos Village.

ChannelAdvisor Corp. has promoted its current chief operating officer to CEO.

The provider of cloud-based e-commerce solutions announced that its board of directors has appointed David Spitz as CEO and a director. Spitz, who currently serves as president and COO, succeeds Scot Wingo, who has been appointed executive chairman.