Corporate Governance

London -- Grocery chain Fresh & Easy’s British parent Tesco confirmed Wednesday that it will abandon its U.S. business, selling off the 199-store chain and taking a $3.5 billion write-down.

President of Ikea USA Mike Ward is scheduled to keynote this year’s Retail Sustainability Conference, which will run from Monday, Sept. 30 to Thursday, Oct. 3 in Orlando, Fla. 

SymphonyIRI Group president and CEO Andrew Appel announced this week that the company will revert to its original name, Information Resources, or IRI, as part of a rebranding strategy.

“Our rebranding signifies our promise to continue providing ingenious solutions and capabilities for our clients to enable growth in a highly fragmented, competitive and complex market,” Appel said “We are well positioned to be the catalyst that enables CPG and retail companies to take advantage of new opportunities.”

HOFFMAN ESTATES, Ill. — Sears Holdings is offering a simple, cost-effective way for businesses to manage storage, picking, packing and shipping of customer orders from Sears Marketplace and other places a merchant sells products.

Fulfilled By Sears allows merchants to market and sell to members of the company's Shop Your Way Rewards program. Sears said members of the program buy and spend more and recently exceeded 60% of Sears’ transactions and sales.

ENGLEWOOD CLIFFS, N.J. — Unilever United States and Canada has achieved 100% zero waste to landfill in all 26 of its manufacturing and non-manufacturing headquarter facilities. Other countries in which Unilever has achieved this milestone include the United Kingdom, the Netherlands, France, Germany and Japan.

NEW YORK — Global clothing retailer Uniqlo will become the exclusive, multi-year corporate sponsor of the Museum of Modern Art’s Friday night free admission program, beginning in May. 

The program provides free access to the museum and all exhibitions from 4 to 8 p.m., every Friday, throughout the year, a tremendous value considering the normal admission fee is $25.

The Grocery Manufacturers Association (GMA) on Wednesday launched an interactive web-based tool for consumers that supports the Facts Up Front nutrition labeling initiative launched by GMA and the Food Marketing Institute (FMI) in 2011.

With Facts Up Front, characterized by the trade group as the most significant reform of food and beverage labels in over 20 years, important information from the Nutrition Facts Panel on the back of food and beverage products are displayed in a simple and easy-to-use format on the front of products.

RESEARCH TRIANGLE PARK, N.C. — Toshiba Global Commerce Solutions, a leading supplier of integrated in-store solutions, is about to make it possible for grocery shoppers to check out securely with just a single tap on their smartphones. 

ENGLEWOOD CLIFFS, N.J. — According to research conducted by Unilever's Dove brand, the way women depict themselves is dramatically different from how others perceive them.

With only 12 stores, Fairway Foods is so small it can scarcely be called a regional supermarket chain, but that didn’t stop the company from completing a successful public stock offering on Wednesday.