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Corporate Governance

  • April sales rise at Rite Aid

    Camp Hill, Pa. – Total drugstore sales at Rite Aid grew 4.9% to $1.99 billion in April 2014 from $1.9 billion the same month in the previous year. Same-stores sales for the month increased 5%.

    Rite Aid cited the shift in Easter from March in 2013 to April in 2014 as helping to boost same-store front-end sales.

     

  • The Sentimental Approach

    Dick’s Sporting Goods monitors social commentary to boost customer satisfaction

    If you really want to know what people think about you, you need to find out what they say behind your back. Historically this has been a tricky proposition, but the advent of social media provides an open forum where companies as well as individuals can check to see what is being said, and whether the commentary is good or bad.

  • Skeeter Nut Free adds three senior execs to its leadership team

    Skeeter Nut Free, a snack food company that manufactures peanut- and tree nut-free snacks, has added three executives to its senior leadership team. Larry Appel will be CEO and a member of the board of directors, while Javier Retamar joins as CFO and Sharyla Robinson as VP of marketing.

  • Sally Beauty Q2 net earnings drop; names new COO

    Denton, Texas – Sally Beauty Holdings reported declining net earnings in the second quarter of fiscal 2014 compared to the second quarter of the previous fiscal year. Net income fell 9.9% to $58.9 million, from $64.89 million.

    Net sales fared better, rising 2.4% to $919.47 million from $898.24 million. Same-store sales grew 1%. Higher selling, general and administrative expenses, as well as charges related to a previously disclosed data security breach, impacted net earnings. Sally Beauty also cited weather as negatively impacting sales.

  • Supply Chain Responsibility

    Devastating sourcing and supply chain disasters, including the Bangladesh factory collapse in April 2013, have increased the push for retailers and other businesses to implement sustainable and responsible practices across the global supply chain. Tamara Saucier, VP industry – retail solutions, GT Nexus, discussed the topic, and proactive measures retailers can take, with Chain Store Age.

    What can retailers be doing to ensure ethical and sustainable supply chain practices?

  • GNC takes school-based health & wellness campaign online

    GNC is launching a month-long fundraising and awareness campaign for Run With US! at more than 5,000 GNC stores and online at GNC.com.

    Run With US! is a curriculum-based health and wellness program that brings elite track and field athletes and aspiring Olympians into the classroom to demonstrate how exercise and nutrition go hand-in-hand with goal setting and self-esteem.

  • Senate rejects minimum wage hike

    New York -- A bid to raise the federal minimum wage was rejected by Republicans in the Senate, who blocked legislation Wednesday to boost the rate to $10.10 an hour. Senators predominantly voted across party lines, which places Democratic senators in favor and Republican senators opposed.

    The defeat was expected, and it is expected to serve as a rallying cry for Democrats preparing their next campaign.

  • Real Estate's 10 Under 40

    Ten years ago, demographic experts predicted a looming talent shortage: When the massive baby boom generation retired, the small Generation X would not have enough experienced leaders and managers to fill the positions that boomers would vacate.

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