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Corporate Governance

  • Walgreens September same-store sales up 7.9%

    Deerfield, Ill. -- Walgreens’ same-store stores increased 7.9% in September. Total sales increased 9.4%, to $6.5 billion compared to the same month in fiscal 2014, the company reported Friday.

    Comparable store front-end sales rose 1.7%, while comparable store pharmacy sales rose 11.3%.

    Walgreens opened nine stores during September, including four relocations, and closed four.

     

  • Supreme Court to hear case of women denied job by Abercrombie over headscarf

    New York -- The U.S. Supreme Court has agreed to consider whether a Muslim woman who was denied a job at an Abercrombie & Fitch Co. store because she wears a head scarf was required to specifically request a religious accommodation at the time of her job interview.

    The court agreed to hear an appeal filed in the case by the U.S. Equal Employment Opportunity Commission, the federal agency that sued the retailer on behalf of Samantha Elauf, who was denied a sales job at an Abercrombie Kids store in Tulsa, Oklahoma, back in 2008.

  • Walgreens’ sales climb in September

    Walgreens had September sales of $6.5 billion, an increase of 9.4% as compared to the same month in fiscal 2014.
     
    Total front-end sales increased 2.2% in September compared with the same month in fiscal 2014, while comparable store front-end sales increased 1.7%. Customer traffic in comparable stores decreased 2.7% while basket size increased 4.4%.
     

  • Lumber Liquidators launches sustainability site

    Toano, Va. -- Lumber Liquidators has launched a new section of its website detailing the company's sustainability efforts. Highlights include a DNA-testing program to identify wood species and origins, as well as audits of high-risk wood species.

    In addition, Lumber Liquidators offers on-site sustainability training in international locations, online and in seminars, and is also increasing its North American sourcing.

     

  • Under Armour to build distribution center in Tennessee

    Under Armour, Tennessee Governor Bill Haslam and economic and community development commissioner Bill Hagerty announced the company's plans to build a new 1 million-sq.-ft. distribution and warehouse facility in Mount Juliet, Tennessee, a suburb of Nashville.

  • Party City names new president

    Elmsford, N.Y. - Party City has promoted Gregg A. Melnick to the position of president of Party City Holdings, effective immediately. Party City Holdings is the parent company of the Party City Retail Group and Amscan Inc., among other entities.  

    Most recently, Melnick was the president of the Party City Retail Group. Melnick will partner with all of the key department heads across both the retail and wholesale divisions to provide the leadership to strengthen the brands and create opportunities for greater collaboration.

     

  • Slate Retail REIT to acquire center in Kentucky

    Toronto -- Slate Retail REIT announced that it has entered into a binding agreement to purchase Stonefield Square, a 90,991-sq.-ft. grocery-anchored shopping center located in Louisville, Kentucky, for $12.6 million ($138 per square foot). The property is anchored by The Fresh Market.

    The acquisition is expected to be completed in fourth quarter 2014 and remains subject to customary closing conditions.

     

  • Krispy Kreme on hunt for new CFO

    Winston-Salem, N.C. -- Krispy Kreme Doughnuts announced CFO Douglas R. Muir intends to retire in calendar year 2015. The chain will conduct a comprehensive search to identify his successor. Muir is expected to remain in his current role until his successor is in place and to provide ongoing support during the transition.

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