Corporate Governance

Mississauga, Ont. – Wal-Mart Canada plans to complete 35 supercenter projects in the company's fiscal year which runs from February 1, 2014 to January 31, 2015. The company also will expand its distribution network to support its growth and will continue to expand its Canadian e-commerce operation.  

Minneapolis – John J. Mulligan, CFO and executive VP of Target, is publicly calling for U.S. businesses to adopt chip-enabled smartcards. In a column published in the Congressional blog of political site The Hill, Mulligan said the attack on Target exposed the sophistication of today’s hackers and that the retailer had already been striving toward adopting chip-enabled smartcards, used in most of the rest of the world, before the holiday 2013 data breach.

Dallas -- J.C. Penney Company on Tuesday said its same-store sales rose 2% in the fourth quarter, which included the holiday season. It was the chain’s first positive quarterly sales result since 2011.

Milwaukee — NAI MLG Commercial has promoted Kevin Schmoldt to VP. Schmoldt joined the company in 2007 as an intern while studying at the University of Wisconsin – Milwaukee. After becoming a broker associate in May of 2009, he worked with landlords, tenants and investors.

The Wisconsin representative for NAI Global, NAI MLG Commercial is a privately owned commercial real estate company offering a full range of brokerage and property management services.

Los Angeles — PizzaRev will open its seventh location in Van Nuys, Calif., on Feb. 7. PizzaRev is a Los Angeles-based fast casual pizza chain that fires pizzas in just three minutes. Founded in 2012 by entertainment industry executives Irv Zuckerman and Rodney Eckerman.

PizzaRev announced a strategic partnership with Buffalo Wild Wings last March, and Buffalo Wild Wings will open the first PizzaRev franchise location in Sprung 2014 in Minneapolis.

VERO BEACH, Fla. -- Boston Barricade Company and Premier Barricades announced the completion of its merger, effective January 1, 2014, resulting in the largest provider of sustainable modular construction barricades in North America.

As part of its 2014 expansion plans, teen and tween retailer Five Below has its eye set on the Tennessee market and will be opening five new stores there by spring.

Sport Chalet’s digital strategy paid off in the third quarter ended Dec. 29, which saw online sales surge 22% from Thanksgiving to Christmas.

The company reported net income for the quarter of $1.5 million, or $0.10 per diluted share, compared to a net loss of $1.9 million, or $0.13 per diluted share, in the third quarter of last year.

J.C. Penney scored its first positive quarterly sales result since 2011, reporting a same-store sales increase of 2% in the fourth quarter, which included the holiday season.

Whole Foods Market has acquired leases from Safeway for seven locations formerly operated as Dominick's stores. Terms of the agreement were not disclosed.