Corporate Governance

Brentwood, Tenn. – Tractor Supply Company reported that net income for the third quarter was $64.8 million, up almost 30% from net income of $50 million in the same quarter a year earlier. The company also announced the opening of its first store in Wyoming, as it continues to expand into the Western region of the country

Louisville, Ky. — The Mansour Group has announced the sale of Pet Smart and TJ Maxx, a 49,410-sq.-ft. retail box on an outparcel located in a 218,000-sq.-ft. shopping center owned by Weingarten. The seller was a national real estate advisory group and the buyer was a private investor.

 The offering is part of a large portfolio of similar former Service Merchandise assets — all exclusively listed by The Mansour Group.

San Antonio, Texas — Transwestern’s San Antonio office today announced that it has completed the sale of Rosenberg Center in Rosenberg, Texas, a suburb of Houston. Built in 1986, the 113,430-sq.-ft. neighborhood retail center serves a commercial corridor between Rosenberg and Richmond, Texas. A private investor bought the property for an undisclosed amount from Rosenberg Station LLC.

Dallas -- Corner Bakery Cafe has launched a complete redesign of its CornerBakeryCafe.com website that allows customers to personalize their online and offline experience with their local Corner Bakery Café store.

New York – Grocery discounter Aldi has been ranked the world’s “simplest” brand, with simplicity defined as a clarity of purpose that enables employee innovation and customer service. According to the annual 2013 Global Brand Simplicity Index from strategic marketing firm Siegel & Gale, Amazon.com is ranked second, followed by Google, which came out on top this year. The report is based on a study of 10,000 consumers in seven countries,

New York – Although dads are making inroads, moms still dominate purchase decisions in most U.S, households. According to a September 2013 survey by Child's Play Communications, moms remain the major household purchasing decision maker in about 80% of families.

Other notable findings include:

Mountain View, Calif. – Coupons.com Inc. has hired Mir Aamir, former president of loyalty and digital technologies at Safeway Inc., as the company’s COO and CFO. Aamir brings more than 18 years of finance, strategy and operating experience, primarily in the retail CPG industries.

Bentonville, Ark. – Wal-Mart Stores plans to open as many as 110 stores in China between 2014 and 2016, as well as several new Sam’s Club locations there. The new stores will employ as many as 19,000 people.

Dr Pepper Snapple Group continues navigating through a challenging economic climate. Despite experiencing some pressure in its carbonated soft drinks category, president and CEO Larry Young is reportedly encouraged by the performance of the company’s Core 4 TEN platform.

Reported net sales for the third quarter ended  increased 1% reflecting 3 percentage points of positive mix and pricing, partially offset by a 1% sales volume decline and higher discounts.
 

Tractor Supply Company plans to open a store in Wyoming — its first-ever location in the state as it continues to expand into the Western region of the country.