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Corporate Governance

  • Burlington Stores CEO elevated to board chair

    Burlington Stores president and CEO Thomas A. Kingsbury has been elected as chairman of the board of directors.

  • Dollar General opens DC in Pennsylvania

    Goodlettsville, Tenn. – Dollar General Corp. has opened its 12th distribution center in Bethel, Pennsylvania. Dollar General announced plans to build the 930,000-sq.-ft. facility in 2012 and broke ground on the facility in fall 2012 with Kinsley Construction.

  • Loblaw on track for record-breaking food drive campaign

    To date Loblaw has donated more than $1 million and 323,000 pounds of food across Canada during the Extra Helping Food Drive, and is more than halfway to achieving its 2014 goal of $1.8 million and 1.8 million pounds of food.

    Newfoundlanders have helped to replenish food bank supplies in the province with $27,721 and 26,940 pounds of food donated by customers and colleagues at Dominion, SaveEasy and nofrills stores across Newfoundland and Labrador during the Extra Helping Spring Food Drive of 2014.

  • Burlington Stores CEO elected chairman

    Burlington, N.J. -- Burlington Stores announced that Thomas A. Kingsbury, the company’s CEO and president, has been unanimously elected as chairman of the board.

    “We are excited to elect Tom to chair the board of directors of Burlington Stores,” the board said in a statement. “He has done an outstanding job as CEO since he joined the company in 2008. The growth of the business has been impressive under Tom’s leadership and we look forward to this continuing under Tom’s expanded role as chairman and CEO.”

  • Investment banker Wehrwein joins Quantum board

    Finance executive Sven Wehrwein is the newest member of the Quantum Retail Technology board of directors.

    The Minneapolis-based retail technology company said Wehrwein’s addition to the board brings growth expertise and knowledge of corporate finance.

  • ROIC to acquire Fallbrook Shopping Center in California

    San Diego - Retail Opportunity Investments Corp. (ROIC) has entered into a binding contract to acquire Fallbrook Shopping Center for $210 million in cash. The property is located in West Hills, California, and has approximately 1.12 million sq. ft. of gross leaseable area, of which 98% is currently leased.

    ROIC expects to close the transaction during the second quarter of 2014.

  • GMDC honors Lou Martire with Lifetime Achievement Award

    Energizer Household Products’ Lou Martire, VP trade development, was honored Saturday evening with the 2014 GMDC Lifetime Achievement Award in recognition of his contributions to the industry.

    “This award was developed to really honor and acknowledge people who make a real difference in our industry,” said Bill Anderson, GMDC chairman and group VP at H-E-B. “They’re just very, very special people.”

  • Suit alleges Tiffany discrimination

    New York – A group director for two Tiffany & Co. stores in Houston has filed a lawsuit alleging the retailer discriminates against African-Americans in hiring and promotions for management and executive-level jobs. A complaint filed by Michael McClure in federal court in New York on May 29 says that McClure is the only African-American holding one of 200 U.S. management-level positions at Tiffany, and that there are no African-American executives in the company.

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