Corporate Governance

Winston-Salem, N.C. -- HanesBrands said it has tapped PetSmart former chairman and CEO Robert Moran to serve on its board of directors, expanding the number of directors to 10.

Moran, 62, retired from PetSmart in June. He had served as CEO since 2009.

Nashville, Tenn. -- Bridgestone Americas Tire Operations said that Stuart Crum has been named president, Bridgestone Retail Operations, effective Aug. 5.
 
Crum most recently served as president of Jiffy Lube International, a subsidiary of Shell Oil Co.

Naples, Fla. -- Kite Realty Group Trust has begun work on a $10 million renovation of the 85,497-sq.-ft. Kings Lake Square in Naples, Fla.

The renovation will demolish the center’s Publix anchor and construct a new 45,000-sq.-ft. new Publix. Additional work includes renovated shop facades new sidewalks, a new parking lot, site lighting and landscaping.

Publix will close this month and reopen the new store next spring. All other tenants will remain open during the renovation.

Houston -- CBRE’s national retail investment group has arranged the sale of Sheldon Forest Shopping Center in Channelview, Texas, east of Houston, on behalf of Weingarten Realty Investors.

Gerland’s Food Fair anchors the 97,380-sq.-ft. center. Major tenants include Family Dollar and Burke’s Outlet. Both Phase I and II of the center are 100% occupied.

Capcor Partners purchased the property for an undisclosed price.

Boca Raton, Fla. – Office Depot is launching a new online school supplies checklist that allows teachers to build, store and share checklists of required school supplies through an online platform. Teachers can use a starter list with recommended supplies by grade level or customize their own checklist to share with parents, allowing them to make purchases directly from the website or print the list for in-store shopping.

Fremont, Calif. – A suit can help a man feel more attractive, confident, and successful in professional situations as well social ones. According to the findings of a new national survey of more than 1,000 adult males from Men’s Wearhouse and Kelton Research, a suit also has a positive impact on how a man is viewed by others.

Following are highlights from the study results.

Chicago – Parents want to buy food and beverages for their kids that are healthy and appeal to the entire family. Results of a new proprietary study from food processing company Cargill show that 89% of parents said they ask their kids to broaden their tastes, and 69% said they ask their kids to try more adult food.

Washington, D.C. – U.S. retail and food services sales totaled $422.8 billion last month, according to new advance estimates from the U.S. Census Bureau. This represents a 0.4% increase from $421.2 billion in the prior month, and a more substantial 5.7% increase from $399.9 billion in the same month last year.

Brampton, Ontario – Loblaw Companies Limited announced it will acquire Shoppers Drug Mart in a deal worth about $11.9 billion, merging the Canadian grocery and drug retailers. Shoppers Drug Mart will retain its name and brand and operate as a separate division of Loblaw while expanding its product offerings to include Loblaw's private label and convenience food products. Shoppers Drug Mart gives Loblaw entry into the small urban store sector.