Corporate Governance

Uniqlo plans to open a store at Great Mall in Milpitas, California, on Sept. 12 — the first location to feature a 100% eco-friendly design, with LED lighting, greener materials and high-efficiency elements throughout.

The new store will also include specialty shopping vignettes that create a store-within-a-store feel in the women and children’s departments. In-store display materials will also include updated digital screens.

Tewksbury, Mass. – Although no promise has been made to rehire ousted CEO Arthur T. Demoulas, a rally at the corporate headquarters of Demoulas Super Markets Inc. is replacing a previously planned employee walkout. Employees of Demoulas’ Market Basket chain had threatened to stage a walkout on July 18 in protest of Demoulas’ removal as CEO in June.

New York – Uniqlo will open a store at Great Mall in Milpitas, California, on Sept. 12. The store will be the first Uniqlo location to feature a 100% eco-friendly design, with LED lighting, greener materials and high-efficiency elements throughout.

The new Uniqlo also include specialty shopping vignettes that will create a store-within-a-store feel in the women and children’s departments. In-store display materials will also include updated digital screens.

Maywood, Calif. -- CBRE senior VP Philip D. Voorhees announced that he, Jimmy Slusher and the National Retail Investment Group – West (NRIG-West) team, along with CBRE’s managing director, Richard Rizika, completed the sale of Maywood Village Square, a 48,324-sq.-ft. convenience strip center located in Maywood, California. The center is anchored by O’Reilly Auto Parts and features Subway, U.S. Bank, Yoshinoya, Western Dental Services and a new Fitness 19 health club.

Electrolux president and CEO Keith McLoughlin reflected on the company's progress during the second fiscal quarter, pointing to prospects for growth.

However, net sales decreased by about 4.9% year-over-year, totaling $26.3 billion for the three-month period. That decrease was slightly smaller for the six-month period — 2%.

Meanwhile, the company posted a net loss of $92 million for the quarter. For the first six months, the company's net income of $339 million compares to net income of $1.003 billion for the same six-month period last year.

San Francisco - DHgate.com, an e-commerce marketplace focused on cross-border trade of Chinese goods, has hired several new executives. These include COO Noah Herschmann, who previously held management roles at Amazon, Groupon, Asia, Staples China and Tweeter.

PPG Industries, a leading coatings and specialty materials company, has elevated EVP Michael H. McGarry to chief operating officer, effective Aug. 1. He will remain based at PPG’s global headquarters in Pittsburgh and continue to report to chairman and CEO Charles E. Bunch.

McGarry will have executive oversight responsibility for all of PPG’s strategic business units and operating regions and for the information technology (IT), environment, health and safety (EH&S) and purchasing functions.