Corporate Governance

Sweetwater, Fla. -- Ikea announced it had completed the installation of South Florida’s largest solar array, which will be plugged-in officially atop the future Miami-Dade Ikea store opening this summer in Sweetwater, Florida. Combined with rooftop arrays in Orlando, Tampa, and Sunrise, this fourth solar project will keep Ikea as the state’s largest non-utility solar owner.

Fort Wayne, Ind. -- Vera Bradley announced that Karen Peters has been named executive VP, retail and wholesale sales.

Peters has 25 years of retail experience including multi-store management and merchandising. Between February 2005 and March 2014, she served as senior VP, director of stores for Saks Fifth Avenue Off 5th. Prior to that, she held key management positions with Sears, Target, and Kohl's.

Atlanta -- EarthLink Holdings Corp., a managed network and cloud services provider, announced that Anna’s Linens have selected the company to provide a comprehensive managed network solution and SIP Trunking for voice over IP for its more than three hundred stores and 3,200 employees.

To accommodate their rapid growth, increasingly centralized IT model, and need to run more applications, Anna's IT leaders worked in collaboration with EarthLink partner Grauman Communications to transition to an EarthLink MPLS network and SIP Trunking.

Goodlettsville, Tenn. -- Dollar General Corp.’s first-quarter profit and sales missed Wall Street estimates as the retailer cited an “unfavorable’ winter, increased competition and economic challenges. The company said Tuesday its profit rose to $222.4 million, from $220.1 million year ago. The retailer also reiterated its plans to open 700 stores in fiscal 2014, and remodel, to varying degrees, another 900 existing locations.

Net sales rose to $4.52 billion, from $4.23 billion. Same-store sales rose 1.5% in the quarter.

Undeterred by bad weather and competitive pressures that took a toll on its first quarter performance, Dollar General is pressing ahead with plans for 700 new stores, recently opened its 12th distribution center and believes its full year profit forecast is attainable.

Undeterred by bad weather and competitive pressures that took a toll on its first quarter performance, Dollar General is pressing ahead with plans for 700 new stores, recently opened its 12th distribution center and believes its full year profit forecast is attainable.

Vera Bradley has named Karen Peters as EVP, retail and wholesale sales.

Peters has 25 years of retail experience including multi-store management and merchandising. Between February 2005 and March 2014, she served as SVP, director of stores for Saks Fifth Avenue Off 5th. Prior to that, she held key management positions with Sears, Target and Kohl's.

Kraft Foods Group has named George Zoghbi as vice chairman of operations, R&D, sales and strategy, a newly created position. He will report directly to CEO Tony Vernon.  

The company said that it created the new role to “bring together the expertise of several key areas under one leader, including research & development, which creates innovative new products and manages quality improvements, to the manufacturing and sales teams that make and ultimately deliver Kraft's products to customers.”

Lumber Liquidators has formalized its compliance and sustainability team headed by Raymond Cotton, who was appointed as chief compliance and sustainability officer in February and reports directly to president and CEO Robert M. Lynch.

Cotton manages the company’s quality assurance, sustainable sourcing, loss prevention, risk management and compliance with legal and regulatory requirements of global trade.  

Tuesday Morning Corporation has named Susan H. Davidson as SVP of marketing. She succeeds Ross Manning, who has vacated the spot to “pursue other professional opportunities,” according to the company.