Corporate Governance

Camp Hill, Pa. -- Rite Aid’s same-store sales rose 3.5% in May, boosted by a healthy increase in Rx sales.

The chain’s front-end same store sales increased 0.5%. Pharmacy same-store sales increased 5.0%. Total drugstore sales for the five-week period increased 2.5% to $2.48 billion, compared with $2.42 billion for the same period last year.

Prescription sales accounted for 68.0% of drug store sales, and third party prescription sales represented 97.4% of pharmacy sales.

New York -- Barnes & Noble Inc. is teaming up with Samsung Electronics America to develop a new Nook tablet. The co-branded devices will combine the Nook software with Samsung’s Galaxy Tab 4 hardware, creating full-service tablets that also can access Barnes & Noble’s collection of more than 3 million books, magazines and newspapers, according to a statement.   

As if having to deal with the rising threat of data breaches weren’t already enough for retailers, many continue to struggle to make sense of today’s rough patchwork of federal and state data breach laws.

Fortunately, while legislation that would establish a national data breach standard has yet to gain significant traction, the Obama Administration and Congress are ramping up joint efforts to establish a uniform, national law that would replace the current fabric of state requirements.  

Green Bay, Wis. -- Shopko announced that veteran pharmacy executive Michael Cantrell has joined the company as senior VP, retail health. In this role, Cantrell will provide strategic direction for Shopko's pharmacy, optical and Rx e departments.  

Cantrell, a registered pharmacist and licensed attorney, is joining Shopko from Delhaize America, where he was VP of pharmacy. Prior to Delhaize America, Cantrell held various executive positions at AmerisourceBergen and Longs Drugs.

Las Vegas -- The Hershey Company has opened a retail flagship, Hershey’s Chocolate World at New York-New York Hotel & Casino in Las Vegas.

The store, which occupies two floors and has an eye-catching 74-ft. high Hershey’s Milk Chocolate Bar that visitors can walk through, is designed to provide shoppers with an experiential concept that immerses them in more than 800 candy and chocolate offerings.

Middleton, Wis. -- American Girl, a division of Mattel, announced plans to open its newest store at Scottsdale Quarter, an open-air lifestyle center owned by Glimcher Realty Trust and located in Scottsdale, Arizona.

The 12,000-sq.-ft. store is slated to open in late summer of 2015 and will be located within a new 180,000-sq.-ft. expansion of the property.

Five Below plans to open eight locations in and around Houston Friday, June 6, marking the specialty value retailer’s first foray into that city. The company already has 15 stores in the Dallas and Austin markets.

The store openings are part of the company’s aggressive growth strategy. Last year, the Philadelphia-based retailer opened 60 new stores, and it plans to match that number this year. With the Houston openings, there will be 338 Five Below stores in 20 states throughout the country.

Ascena Retail Group president and CEO David Jaffe said sales in the third quarter were challenging, and despite comparable sales declines at Justice and Dressbarn, new store growth at Justice and Maurices, along with higher comparable sales at Lane Bryant, Maurices and Catherines bolstered the company’s overall results.

The company’s third-quarter profit rose to $33.2 million, from $31.2 million in the year ago period. Revenue inched up 0.3% to $1.145 billion, compared to $1.142 billion a year earlier. Total same store sales rose 1%.