Corporate Governance

Rite Aid has elected president and CEO of Catholic Health Initiatives Kevin Lofton to its board of directors.

Lofton has worked with the Englewood, Colo.-based operator of hospitals and long-term care centers since 1998 and was appointed as its president and CEO in 2003.

Import volume at the nation’s major retail container ports grew 6.5% in October over the same month last year despite the government shutdown. Year-over-year increases are expected to continue for the remainder of the year, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.

Veteran information technology executive Joe Zucchero has joined the board of advisors at big data solutions provider Profitect.

Profitect said Zucchero’s expertise in IT operations, cross-organizational implementation, and an understanding of the technology needs of the retail industry aligned perfectly with the company’s suite of solutions.

Leading food wholesaler Nash Finch said its third quarter sales growth was cut in half as a result of the government shutdown in September.

Total sales increase 3.5% to $1.56 billion during the period ended October 5, but the rate of growth would have been nearly double without the government shutdown which impacted defense department commissaries that are Nash Finch customers.

Less than a week after Office Depot and Officemax consummated their merger, the combined companies have a new chairman and CEO in former Delhaize America CEO Roland Smith.

In conjunction with the appointment of Smith, who also previously served as CEO of Wendy’s, the two CEOs of Office Depot and OfficeMax who were serving as co-CEOs of the combined company both resigned. Neil Austrian served as CEO of Office Depot and Ravi Saligram served as CEO of OfficeMax prior to the merger.

Los Angeles -- Sport Chalet reported a loss for the second quarter of fiscal 2014 of $3.0 million, compared to net income of $0.8 million in the year-ago period. Sales decreased 5.2% to $86.7 million from $91.5 million, with a 2.5% comparable store sales decrease. Among the few bright spots was a 32.4% increase in online sales, and a better-than-expected performance by the chain's new store concept.  

Suffern, N.Y. -- Ascena Retail Group announced that Judith Langley has joined dressbarn as executive VP and chief merchandising officer.

Langley brings to Dressbarn extensive experience as a senior merchant and in product development. Most recently, she was executive VP and chief merchandising officer with Charming Charlie’s, a jewelry and accessories chain.

Previously, she was senior VP of design and trend at Kohl’s, where she oversaw product direction for 15 brands.

Seattle -- Nordstrom plans to open a Nordstrom Rack at Magnolia Park in Greenville, S.C. The approximately 32,000-sq.-ft. store is scheduled to open in fall 2014.  Magnolia Park is being developed by Menin Development.   

The Magnolia Park Nordstrom Rack will be the company's first location in South Carolina.

Farmingdale, N.Y. -- Ferrandino & Son, which provides snow removal, landscaping, exterior maintenance; facility service and maintenance; general contracting and HVAC services, announced it has hired Dave Magill as VP of  program management.
 
Magill brings over 28 years of facility services experience in both snow removal and landscaping.

New York -- Version 3.0 of the PCI Data Security Standards (PCI DSS) and Payment Application Data Security Standard (PA-DSS) has been published and will become effective on January 1, 2014.

The PCI Security Standards Council (PCI SSC), a global forum for the development of payment card security standards, published version 3.0 to its website, but version 2.0 will remain active until Dec. 31 to ensure adequate time for organization to make the transition.