Corporate Governance

New York -- The co-founder of Target, Douglas Dayton, died Saturday after a long battle with cancer. He was 88.

With his four brothers, Dayton took over and reshaped the Dayton Co., which was founded by their grandfather, George Draper Dayton, as Dayton’s department store in Minneapolis.

Department store executive and Target co-founder Douglas Dayton died Saturday of cancer at 88.

Dayton was the inspiration for the first Target stores and oversaw the development and early growth of the concept of an upscale discount store. Dayton served as Target's first president in 1961 and a year later he opened the first Target stores in the Twin Cities communities of Roseville, Crystal, St. Louis Park and Knollwood.

BOCA RATON, Fla. — Office Depot has nominated former president and CEO of Collective Brands Michael J. Massey to its board. If elected, he would fill the vacancy created by current director Brenda Gaines, who has decided not to stand for re-election at this year’s annual meeting of stockholders. 

WHITE PLAINS — Burlington Coat Factory is joining the Leukemia & Lymphoma Society’s Light the Night campaign for the 12th consecutive year. The retailer will be collecting donations at checkout to help support blood cancer research. 

Burlington Coat Factory also plans to enlist its more than 28,000 employees nationwide to participate in Light the Night walks across the country to commemorate lives touched by cancer and raise funds to help fight blood cancers.

BREA, Calif. — Health and natural products wholesale distributor Nature's Best has hired Amy Kirtland as the company’s VP of sales. Kirtland will be responsible for leading the company's sales team and executing the company's strategic growth plans.

The Limited helped changed the way women shop for apparel 50 years ago and this month it is commemorating the occasion with digitally inspired promotions the company’s founders could never have imagined.

Another 20 Target stores are set to open next week in Canada, bringing the retailer’s total to 68 units with another 66 units planned for the second half of the year.

The new stores opening between July 16 and July 30 include 11 units in Ontario, two each in British Columbia and Alberta, and three in Saskatchewan. The stores in Saskatchewan are the retailer’s first in that province.

Target Canada president Tony Fisher said the retailer was excited to bring its unique brand of shopping to the additional locations and a new province.

CITY OF COMMERCE, Calif. — Extreme value retailer 99 Cents Only Stores is getting ready to help one of its customers celebrate her 99th birthday as only it can. 

At 7 a.m. Friday, July 19, Mildred "Millie" Fox of Murrieta, Calif., is going to receive a 99-second shopping spree experience and free birthday cake at her local store. It will be 99 Cents Only Stores’ very first 99th birthday celebration.

PAWTUCKET, R.I. — Hasbro has acquired a majority stake in Backflip Studios, a company that develops mobile games such as DragonVale, NinJump and Paper Toss.

DENVER — Junction Solutions, a leading provider of hosted and cloud-based software and services for the multichannel retail and food and beverage sectors, has appointed John Bonati as SVP of sales. 

Bonati will manage the global sales activities for the company’s industry-specific software and service solutions.