Corporate Governance

Montreal -- Canadian jewelery retailer Birks will introduce a new retail concept in the summer of 2013, with new stores opening in DIX30 Complex, Brossard, Quebec, and in the new Mapleview Mall in Burlington, Ontario.

The new format, developed in collaboration with Sid Lee Architecture, will feature round 1,500 sq. ft. of retail space and be dedicated to jewelry from the Birks Collection.

Toronto -- Hudson’s Bay Company (HBC) had an overall successful first quarter of fiscal 2013 despite some sluggish performance at its Lord & Taylor banner.

The company reported gross profit of $356 million for the quarter ended May 4, up 4% from $341 million a year earlier. Retail sales also grew 4%, from $848 million to $884 million. Consolidated same-store sales increased 4% as well.

Grand Rapids, Mich. -- Meijer will open two 190,000-sq.-ft. supercenters in the northern Indiana towns of Portage and Warsaw on June 13. Meijer operates more than 200 stores in the Midwest and will have 32 stores in Indiana. Meijer expects the stores to create more than 500 new jobs.

Deerfield, Ill. -- Walgreens will pay $80 million as part of a settlement with the Drug Enforcement Agency (DEA) over a failure to report unusually large shipments of prescription painkillers from a distribution center in Jupiter, Fla. Six Walgreens pharmacies in Florida received tens of thousands of orders for regulated painkillers that were up three times the normal size, but the distribution center did not report them to the DEA as they were required to by law.

Aston, Pa. – National lighting, sign and electrical maintenance and service company Action Services Group has named Joe Fairley as VP of account solutions. Fairley will be responsible for Action Services Group’s national sales development and sales management of the account solutions team. He has more than 20 years of experience in facility services.

Winston-Salem, N.C. – Krispy Kreme Doughnut Corporation has entered into a letter of intent with an affiliate of Sun Holdings, LLC for the sale of three company-owned shops in Dallas, and for Sun Holdings' further development of the Dallas market. The sale of the stores is subject to conditions, including the execution of a definitive asset purchase agreement and a development agreement pursuant to which Sun Holdings would undertake the further development of new Krispy Kreme shops in Dallas.

Green Bay, Wis. – Shopko intends to open five  stores under its Shopko Hometown banner in Afton, Wyo., St. Peter, Minn., and Winneconne, Ellsworth and Tomahawk, Wis., in late fall of this year.

The Shopko Hometown format is designed to serve smaller rural communities with the same product assortments available in larger areas and Shopko currently operates more than 180 stores in this format.

MISSISSAUGA, Ont. -- Target announced that its first 24 store locations in Ontario (Canada) have been awarded LEED (Leadership in Energy & Environmental Design) certification. As previously announced, the discounter is seeking LEED certification for all 124 stores scheduled to open in Canada this year.

Miami -- Marcus & Millichap Real Estate Investment Services has promoted Ronnie Issenberg to associate VP investments.

Director of the firm’s National Retail Group, Issenberg most recently held the title of senior associate.