Corporate Governance

New York -- Amazon’s drone testing program has received a new approval from federal regulators.

In March, the Federal Aviation Administration gave the online giant the oaky to fly drones in research for potential deliveries. But the approval came six months after Amazon had filed the request, and, during that time, the model in question had gone out of date. Amazon submitted a new request for an updated model, and the request was approved in less than a month, Reuters reported.

Petco has filled two key executive roles as it continues to build a team to successfully execute key strategic initiatives.

The company has named Michael M. Nuzzo as EVP and chief financial officer and Michael W. Zuna as SVP and chief marketing and digital officer.

Surging sales at Old Navy helped Gap Inc. offset sales declines at its namesake division and its Banana Republic stores in March. 

Gap Inc. reported that net sales for the five-week period ended April 4 increased 1 percent to $1.53 billion compared with net sales of $1.51 billion for the five-week period ended April 5.

Las Vegas -- Ikea has broken ground for its future Las Vegas store.

The 351,000-sq.-ft. store will be built on 26 acres along the northern side of Interstate-215 at Durango Drive, near Sunset Road. Ikea has contracted with R&O Construction to build the project, and store plans reflect the same unique architectural design for which Ikea stores are known worldwide.

Overland Park, Kan. -- A new chapter in the ongoing saga of RadioShack started on Friday with Sprint launching retail operations in 1,435 RadioShack stores.
 

Deerfield, Ill. — Walgreens Boots Alliance on Thursday reported quarterly earnings for the first time since the December 2014 merger of Walgreen Co. and Alliance Boots GmbH. The announcement included the news that the drug store retailer will close about 200 U.S. stores as part of its previously announced three-year, $1 billion cost-reduction plan.

Petco is leveraging the combined power of video and celebrities with its latest promotion, "Think Adoption First."

Deerfield, Ill. – Walgreens Boots Alliance has named U.S. Foods president and CEO John Lederer to the board of directors. Lederer was appointed president and CEO of US Foods in September 2010, and previously was chairman and CEO of Duane Reade.

Lederer also held a variety of senior leadership positions during a 30-year career at Loblaw Companies Ltd.