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Corporate Governance

  • Wells Fargo will fund, issue and service Dillard’s credit cards

    San Francisco -- Wells Fargo & Company and Dillard’s have entered into an agreement for Wells Fargo to fund, issue and service Dillard’s-branded private label and co-brand credit cards. Wells Fargo will also manage the cardholder loyalty program for Dillard’s.

    The program agreement has a 10-year term and is anticipated to become operational in the fourth quarter of 2014, following the scheduled expiration of Dillard’s current program agreement. Financial terms of the agreement were not disclosed.

  • Delhaize Group to exit Bosnia & Herzegovinia

    Brussels, Belgium -- Delhaize Group has signed an agreement with Tropic Group B.V. to divest all of its 39 Bosnian & Herzegovinian stores. Tropic Group B.V. is an entrepreneurial organization founded by retail executive Bojan Risović.

    The transaction is expected to complete in third quarter 2014, subject to regulatory approval and working capital adjustments. Terms were not disclosed. Delhaize originally purchased the stores from Serbian retailer Delta Maxi in 2011.

  • Baskin-Robbins launches online cake ordering

    Canton, Mass. --  Baskin-Robbins is launching a new online cake ordering system for customers nationwide, Online shoppers can browse through Baskin-Robbins' gallery of ice cream cakes and can create their own customizable cake by choosing their favorite ice cream and cake flavor combination.

  • Survey: More than half of homeowners plan improvements in 2014

    Atlanta - With consumer confidence and the real estate market on the rise, many homeowners are ready to begin home remodeling or maintenance projects. According to an online survey conducted on behalf of SunTrust Banks Inc. by Harris Poll, 56% of homeowners plan to spend money on home improvement projects this year.

  • Rite Aid acquires Health Dialog Services Corp.

    Camp Hill, Pa. -- Rite Aid on Tuesday announced it has acquired Boston-based Health Dialog Services Corp., a provider of health coaching, shared decision making and healthcare analytics from Bupa, a London-based international healthcare services group. Through the acquisition, Health Dialog will operate as a wholly owned subsidiary of Rite Aid.

  • Lumber Liquidators expands board to nine members

    Toano, Va. -- Lumber Liquidators is expanding its board of directors from eight to nine members with the appointment of Nancy M. Taylor as a Class III director effective April 1. Taylor currently serves as the president and CEO of Tredegar Corp., serving in such roles since January 2010, and is a member of Tredegar's board of directors.

  • Macy’s to launch online fashion competition show

    New York -- Macy’s and Maker Studios, the world’s largest producer and distributor of online video content for Millennials, announced a collaboration to launch an original fashion-lifestyle series, to be called “The Next Style Star.” The program will feature 16 up-and-coming stylists battling head-to-head for a $10,000 cash prize, a chance to serve as a guest stylist on an upcoming Macy’s photo shoot, and have his or her winning look featured in the Impulse Department at Macy’s Herald Square in New York City.

  • Food assortment, prices lowered at Family Dollar

    In a move to increase traffic and grow sales, Family Dollar said it added 400 products to its food offerings and reduced prices on 1,000 other items.

    As part of the rollout, the operator of more than 8,100 stores enlisted the aid of television personality, author and chef Pat Neely. Plans call for Neely to participate in several special events including a recipe contest in which the challenge is to prepare a meal for four for under $15. The contest winner will receive a cooking experience with Neely at his home in Memphis.

  • Jack Link’s ready for European feast

    The sale of Unilever’s meat snack business to Jack Link’s closed this week, clearing the way for the Minong, Wis.-based company to pursue its global ambitions.

    Jack Link’s is already the leading U.S. meat snack brand with a pervasive presence at retail but has set its sights on international growth.

  • Kroger lifer retires from ops role

    After 37 years with Kroger, Robert Williams is stepping down from his role as SVP of operations in May.

    Williams has served in his current role since 2007 and oversees seven of Kroger’s supermarket divisions. His successor was not immediately named.

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