Corporate Governance

VANCOUVER, B.C. – 99 Cents Only Stores is turning to ACL’s GRC solution to help the value retailer digitize its audit management procedures. 

By leveraging the internal audit management system, the retailer will replace spreadsheets and shared drives. Anticipated benefits include increased collaboration and visibility among team members, the ability to more easily perform risk assessments and scoring, and ease of workflow adjustment as new issues and risks are identified.

MENOMONEE FALLS, Wis. — Kohl’s is continuing its partnerships with the American Cancer Society and the Southeast Wisconsin affiliate of Susan G. Komen. To that end, the retailer and its philanthropic platform, Kohl’s Cares, have donated $1.7 million to support and expand education and patient-assistance programs.

UPS reported second quarter results that were below the company's expectations as a result of disappointing performance in freight forwarding and a "slight miss" in International package.

PASADENA, Calif. — Avery Dennison Corporation’s first-quarter 2013 results were in line with its expectations, according to chairman, president and CEO Dean Scarborough.

The company’s total net sales for the quarter were $1.5 billion, an increase of 4% from $1.4 billion for the same quarter a year ago. Net sales adjusted to exclude the estimated impact of currency translation, product line exits, acquisitions and divestitures increased 4%. 

Grand Rapids, Mich. -- Spartan Stores and Nash Finch Company on Monday announced that they have entered into a definitive merger agreement under which Spartan Stores and Nash Finch will combine in an all-stock merger valued at approximately $1.3 billion, including existing net debt at each company.

Nash Finch, which had revenues of about $4.8 billion last year, will become a subsidiary of Spartan Stores, which had revenues of $2.6 billion.

Warren, Mich. -- Art Van Furniture has opened its first Chicagoland store, in Oakland Park, Ill. The 47,000-sq.-ft. store is also the 53-year-old retailer’s first location out of its home state, Michigan, where it operates 36 stores.

Art Van Furniture will open five more Chicagoland retail stores in the coming months.

Greensboro, N.C. -- Robert H. Ham, a provider of store fixtures and display items, announced that the company has changed its name and brand to Firefly Store Solutions.
 
While Firefly Store Solutions has adopted a new corporate logo, the company’s staff and service remains unchanged.

Washington, D.C. — Combined Properties has named Andrew V. Marusak, IV, VP construction for the east coast. He will be responsible for the firm’s many projects in the Washington, D.C., metro market.

“He is an accomplished construction professional with broad experience overseeing large retail portfolios and building mixed-use developments,” said Kathy Roberson, CEO/president. “With $1 billion in our development pipeline, much of it in the DC market, his talents will serve the company well.”

Oak Brook, Ill. -- McDonald’s Corporation reported modest global gains in net income, revenues and same-store sales during the second quarter of fiscal 2013. Both its profit and revenue trailed analysts’ estimates.

Boca Raton, Fla. – Office Depot is offering college students a variety of online back-to-school shopping services through a dedicated page on its e-commerce site. Features include an online catalog geared toward college students and an online college checklist, as well as a partnership with connected learning platform Chegg.

Through the Chegg partnership, Office Depot will run a contest called the “Countdown to College Giveaway” with prizes including technology devices and school supplies, and co-authored online tips and articles.