Corporate Governance

Los Angeles – The board of directors of Guess Inc. has appointed Joseph Gromek, increasing the number of directors to seven and bringing the total number of independent directors to five. Gromek will also serve on the Compensation and Nominating and Governance Committees of the board.

Guess? has appointed Joseph Gromek to its board, increasing the number of directors to seven and bringing the total number of independent directors to five. Gromek will also serve on the compensation and nominating and governance committees of the board.

Sports Authority opened two locations in Puerto Rico — on in San Juan and the other in Carolina — early this week, bringing the total number of stores on the island to three. The stores are located in the Plaza Las Américas and Plaza Carolina shopping centers, respectively.

According to the company, both locations are equipped with improved store designs for effortless navigation and offer extensive product selections. The stores will feature specialty sport shops with products from brands including Nike, Under Armour, Puma, Adidas and Columbia.

Consumer reviews provider Viewpoints is poised to acquire PowerReviews from Bazaarevoice after a court agreed with the Department of Justice that Bazarrevoice’s acquisition of PowerReviews two years earlier was anticompetitive.
 

Bumble Bee Foods has selected celebrity chef Doreen Colondres as the brand’s exclusive chef partner and brand ambassador. Colondres is a leading figure in today’s “Latin kitchen” movement and creator of the brand and website the Kitchen Doesn’t Bite.

Newegg is building on its e-commerce presence in the United States with a pilot program that makes a limited selection of its products available to customers in the United Kingdom and Australia. The company said the move is “an important first step” in its international expansion plans.

Despite difficult weather conditions during the peak holiday season, Dollarama enjoyed an increase in sales, net earnings and earnings per share for the fourth quarter ended Feb. 2.

"Fourth quarter and full-year financial results came out strong despite the adverse impact of severe weather conditions on store traffic, particularly in December, during our peak sales period. While not as severe, weather conditions did remain challenging for the remainder of the winter season," stated Larry Rossy, chairman and CEO of Dollarama.

Target is expanding its sustainable products offering with a new collection called “Made to Matter — Handpicked by Target.”

Mars is in the process of buying the Iams, Eukanuba, and Natura brands from P&G for $2.9 billion in cash. Mars Petcare said the strategic move complements its growing global Petcare business.

The companies expect to complete the transaction in the second half of 2014, subject to regulatory approvals.

Ready Pac Foods has hired Peter Laport as the company’s SVP, chief supply chain officer.  

"After working with Peter for many years at Nestlé, I knew that he was the perfect fit for Ready Pac," said CEO Tony Sarsam. "Peter has worldwide experience in supply chain and manufacturing that will aid tremendously in cultivating profitable business processes within operations. I am delighted to work with him again and excited that he is joining our innovative team."