Corporate Governance

Sam's Club is offering some extra holiday cheer for shoppers who are looking to buy last-minute gifts and save some money in the process. The company is inviting the public to a three-day Holiday Open House from Friday, Dec. 20 to Sunday, Dec. 22.

The event allows shoppers to take advantage of lowered prices on the season's hot items, like smartphones and notebooks, without paying non-member upcharges.

The Hershey Company is working with its suppliers to achieve 100% traceable and sustainably sourced palm oil by the end of 2014.

The company has also achieved its commitment to source 100% mass balanced Roundtable on Sustainable Palm Oil-certified palm oil more than a year ahead of its original 2015 commitment.

Faced with unwavering demand for its brand of food retailing and an abundance of potential locations, Whole Foods executives on Tuesday increased their forecast for U.S. store growth to 1,200 locations from 1,000.

DNA Brands, maker of DNA Energy Drink, has signed a new distribution agreement with Koerner Distributor to sell its rebranded energy drink line and latest energy coffee drink products.

Koerner Distributor has four branches which cover a population of more than 1 million people in 52 Illinois counties. Koerner distributes of beer, wine and liquor brands such as Miller, Coors and Corona to retailers such as Schnucks, Shop N Save, Deirberg's, Circle K, Casey General Store and Huck's.

Another piece of the leadership puzzle fell into place at Kroger as the company continues to execute a succession strategy backed by the tailwind of 40 consecutive quarter of same store sales growth.

Kroger named Mark Tuffin to the role of SVP of the company’s retail divisions to fill a position previously held by Michael Ellis who was elevated to the role of president and COO last month. Tuffin previously served as president of the company’s Smith’s Food and Drug Stores division.

NXT-ID, a biometrics company focused on the growing m-commerce market, has elected former MasterCard executives Lawrence Flanagan and Ken Moy to its newly formed board of directors. The appointments align with the company's roll-out and 2014 launch of the Wocket, a next generation biometrically secure wallet.

Macy’s plans to build a major direct-to-consumer fulfillment center near Owasso in Tulsa County, Okla., to support continued sales growth driven by Macy’s omnichannel strategy.

The site is strategically located near the intersection of 76th St. North and Lakewood Ave., about 12 miles north of Tulsa. The company is expected to invest more than $170 million in the facility.
 

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Paris -- French retailing giant Carrefour has joined an investment group aiming to acquire more than a 100 shopping malls in France, Spain, and Italy.

According to a New York Times report, the $2.7 billion deal will add 127 malls to Carrefour’s current 45-mall portfolio. The plan is to create a new, separate property company in which Carrefour would hold a 42% stake. Institutional investors would hold the rest.

New York -- Whole Foods Market has inked a deal for a new location in the Bryant Park area of Manhattan – on Sixth Avenue between 41st and 42nd Streets.

A Wall Street Journal report, which cited unnamed sources, said that the grocer has agreed to take 10,000 sq. ft. on the ground floor and 22,000 sq. ft. on the second floor at 1095 Sixth Ave., a building owned by a Blackstone Group fund.