Corporate Governance

Foothill Ranch, Calif. – The Wet Seal Inc. is launching its new Wet Seal + Plus banner with 30 new stores opening Aug. 16. The stores are opening in California, Illinois, Kansas, Kentucky, Massachusetts, Maryland, Missouri, New Jersey, New York, Puerto Rico, Rhode Island, South Carolina, Texas and Virginia.

San Francisco – The Grand Cities Mall in Grand Forks, North Dakota leads all U.S. shopping malls in both the presence of shoppers who live and the presence of shoppers who work within three miles.

Nordstrom has launched its first-ever private label give-back brand, Treasure&Bond, which will be available in the T.B.D. clothing department at 86 stores around the country and on nordstrom.com.

Five percent of net profits of Treasure&Bond will go to nonprofits that work to empower women and girls.

St. Louis -- A settlement in a Schnuck Markets, Inc., security breach class-action lawsuit has been reached and a notification program is underway, as approved by the Circuit Court of the City of St. Louis, State of Missouri.

Customers of 79 Schnuck grocery stores are being alerted that the breach, which occurred between December 9, 2012 and March 30, 2013, has been settled and that they may be entitled to a share of the proceeds.

Destination Maternity Corporation’s Ed Krell is stepping down as the company's CEO and as a member of its board of directors. Anthony M. Romano has been tapped as new executive chief and will be appointed to the board, effective immediately.

Hoffman Estates, Ill. -- Sears Holdings announced that Alasdair James has joined the company as president and chief member officer for the Kmart business.

James is a seven-year veteran of Tesco, where he held roles of increasing responsibility, most recently as commercial director for the company's global business unit. Prior to that, he spent two years managing Tesco's China operations as executive VP and commercial director.

Unprecedented volatility and declining milk volumes caused leading dairy supplier Dean Foods to report a second quarter loss and suspend full year guidance.

Sales increased to 9% to $2.4 billion, but the company reported an adjusted loss of $13 million, or 14 cents a share, compared to a prior year adjusted profit of $24 million, or 26 cents a share.

Houston -- Baker Katz, an X Team International partner and full-service commercial real estate brokerage firm, announced that construction has begun on its retail center in Tomball, Texas.