Corporate Governance

BENTONVILLE, Ark. — Walmart is putting its money where its mouth is and not only making changes across produce sourcing, training and operations to offer customers fresher produce, but also rolling out a 100% money-back guarantee. 

According to the company, customers who are not completely satisfied with its produce can bring back their receipt for a full refund, no questions asked and no need to bring back the produce.

CHICAGO — Retail technology company ShopperTrak has acquired RapidBlue Solutions Oy, a leading European provider of retail data and analytics. 

ST. LOUIS — Brown Shoe Company’s president and CEO Diane Sullivan will have new shoes to fill as chairman of the board, effective Feb. 2, 2014, once Ron Fromm steps down as chair. Fromm will remain a member of the board.

NEW YORK — Nina Footwear has appointed Alan Johnson as president of Nina Footwear Corp, a newly created position at the company. In his new role, Johnson will oversee design, sales and marketing for Delman and all Nina branded divisions, including shoes, bridal, handbags and kids.  

ST. LOUIS — Build-A-Bear Workshop’s board of directors has appointed Sharon Price John as CEO and chief president bear. She replaces Maxine Clark, who announced earlier this year her plans to retire from her chief executive bear position. 

Clark will remain a member of the board. 

NEW YORK — Chairman, president and CEO of Macy’s Terry J. Lundgren will be one of three men honored at the 72nd annual Father of the Year awards luncheon to be held Tuesday, June 11, at the Grand Hyatt New York Hotel. 

Lundgren will be in the company of President Bill Clinton, founder of the William J. Clinton Foundation and the nation’s 42nd Commander-in-Chief, and Major Jackson Drumgoole II, who served four tours in Iraq. 

Santa Monica, Calif. — Private investment firm Clearlake Capital Group has begun the process of acquiring the Retail Solutions Group of Agilysys through a newly formed affiliate, Kyrus Solutions. The transaction is expected to close in the early summer. 

The world of e-commerce is gearing up for the 9th annual Internet Retailer Conference and Exhibition, which will be held at Chicago’s McCormick Place West from June 4-7. This year's theme is "Breaking Barriers."

Redmond, Wash. -- Nearly half of employees report that social tools at work help increase their productivity, but more than 30% of companies underestimate the value of these tools and often restrict their use, according to a study by Microsoft Corp.

New York -- When retailers discuss a social media strategy, they usually mean something involving reaching out to customers through popular social media sites like Facebook or Twitter. And while that is an important marketing technique to engage modern consumers, social media can also serve as a powerful internal communications and engagement platform. For example, quick service hamburger chain Red Robin uses the Yammer enterprise social network to directly link employees to senior management and each other in real time.