Corporate Governance

Target has appointed Peter Glusker as SVP, new business integration and operations. Glusker will lead the integration of new acquisitions and comes onboard just two weeks after the company terminated chairman and CEO Gregg Steinhafel.

Minneapolis – Target Corp. cut the compensation of former CEO Gregg Steinhafel to $13 million in fiscal 2013 from $20.6 million in fiscal 2012. According to a regulatory filing, Target decided to reduce Steinhafel’s total compensation after holding meetings and calls with shareholders owning 40% of total company shares and two proxy advisory firms.

New York -- Apple is celebrating its 13th year as a brick-and-mortar retailer. The tech giant opened its first retail store on the morning of May 19, 2001, at Tysons Corner Center, McLean, Virginia. A second Apple store, at Glendale Galleria, Glendale, California, opened a few hours later.

To see an animated map (13 Years of Apple Stores in 60 Seconds) from Retale charting the expansion of Apple stores in the U.S., click here.

Austin, Texas - Whole Foods Market earned the top spot in Greenpeace’s annual seafood sustainability ranking of U.S. supermarkets, claiming both the highest overall score and the strongest sustainable seafood policy. Whole Foods Market has been ranked first for the last two years in a row.

Boca Raton, Fla. - Office Depot and OfficeMax are now offering a single, combined insert in Sunday newspapers representing products and services being offered at both brands’ retail stores. The move marks the first advertisement where Office Depot and OfficeMax customers will see the two national brands together as one.

The insert also features tips on additional ways customers can shop via website, mobile app or via phone.

Las Vegas — DeBartolo Development has retained JLL Retail to manage the new Ka Makana Ali’i shopping center in Kapolei, West Oahu, considered the fastest growing area in Hawaii. The $500-million project will span 67 acres of Department of Hawaiian Home Lands at the intersection of the Kapolei and Kualaka’i Parkways. Upon completion Ka Makana Ali’i will be the third largest shopping center in Hawaii.

Woonsocket, R.I. – CVS Caremark has introduced a new corporate social responsibility (CSR) strategy called “Prescription for a Better World” as part of its 2013 CSR report. Prescription for a Better World includes goals such as access to affordable health care; the environmental impacts of its operations, including those contributing to climate change; product stewardship; patient safety; employee engagement and workplace inclusion; and the safe disposal of prescription drugs.

Propel Equity Partners, a private equity firm focused on investing and creating value in leading consumer brands, has acquired Summit Products.

The assets of Summit Products, which include Backyard Safari, Zillionz, Covert Force, Test Pilot And Stink Bugzzz brands, will be incorporated into the Alex Brands family of leading toy brands.