Corporate Governance

New York -- Dick’s Sporting Goods Inc. has accused Mitchell Modell, CEO of Modell’s Sporting Goods, of disguising himself as a Dick’s executive to illegally obtain confidential business information, The Record reported.

Stater Bros. Charities has presented a check in the amount of $75,000 to City of Hope to train a social worker in geriatrics and serve as the primary point person for elderly patients.

The social worker will gain hands on experience working with the geriatrics team, participate in educational conference calls, seminars and conferences and develop a comprehensive resource manual for older patients that will provide information about support services on campus and in the community.

The Home Depot has promoted Craig Menear to president, U.S. retail. Menear was previously EVP, merchandising, responsible for all merchandising departments and merchandising services and strategy; the company's supply chain network; global sourcing; vendor management; marketing; and online sales.

In his new role, Menear will add responsibility for all U.S. store operations, with Marvin Ellison, EVP, U.S. stores, reporting to Menear.

Hampstead, Md. – Jos. A. Bank Clothiers Inc. has officially rejected Men’s Wearhouse’s latest $1.78 billion buyout offer. But in yet another twist to the long-running saga between the two companies, in open letter to Men’s Wearhouse president and CEO Douglas S. Ewert, Jos. A. Bank said it is willing to meet with its rival.

Hong Kong - Hong Kong-based supermarket chain ParknShop has chosen Galleria Retail Technology Solutions to further enhance its merchandising operations. ParknShop will use Galleria category planning, automation and optimization solutions to obtain insights via clustering and demand signal analytics, as well as optimize and execute its store strategy.

Phoenix – Same-store sales and strong performance at new stores helped drive impressive net come and revenue growth at Sprouts Farmers Markets Inc. during the fourth quarter and fiscal year 2014. On a year-over-year basis, net earnings more than doubled to $9.3 million from $5.9 million in the quarter and almost tripled to $51.3 million from $19.5 million.

Jos. A. Bank has officially rejected Men’s Wearhouse’s latest $1.78 billion buyout offer. But in yet another twist to the long-running saga between the two companies, in open letter to Men’s Wearhouse president and CEO Douglas S. Ewert, Jos. A. Bank said it is willing to meet with its rival.

Forth Worth, Texas -- Pier I reduced its fourth quarter and fiscal 2014 profit forecasts, blaming the negative impact of severe winter weather. The home furnishings chain is the latest in a series of retailers to credit the extremely cold weather as the main reason for its reduced outlook.