Corporate Governance

Issaquah, Wash. - Costco Wholesale Club’s same-store sales rose 3% in December, beating analysts' estimates of a 1.8% gain. The metric climbed 5% in the U.S. and inched up 1% overseas for the five weeks ended Jan. 5.

Total monthly revenue increased 6% to $11.53 billion.

For the 18-week period, same-store sales were up 3%. In the U.S. the metric rose 4% and 1% internationally.

Retail and consumer products industry veterans Vince Burke, Jim Gillis and Rich Juliano have founded the Burke-Gillis-Juliano Group, a global consultancy focused on the supermarket, mass retail, convenience, drug and specialty retail trade channels.

The consultancy will offer executive management, market strategy, mergers and acquisitions, private equity, business development, product marketing, trade relations and related services to leading retailers, suppliers and vendors in the United States and around the world.

Atlanta – Havertys reported partial financial results for the fourth quarter and fiscal year 2013, with sales for the fourth quarter increasing 7.6% to $196.2 million, compared with $182.3 million for the fourth quarter of 2012. On a same-store basis, sales for the quarter increased 9.5%.

Sales for the 12 months of 2013 totaled $746.1 million, compared with $670.1 million in 2012, representing an increase of 11.3%. On a same-store basis, sales increased 11% for the 12 months.

Groupon has named Tamer Tamar as SVP of international operations and Sri Subramaniam as VP of engineering for smart deals.

“We’re thrilled to have Tamer and Sri join Groupon and bring their incredible talent to our expanding bench of senior executives,” said CEO Eric Lefkofsky. “Tamer and Sri will accelerate Groupon’s plans to grow our international operations and deliver more and more relevant deals to our customers throughout the world.”

Coppell, Texas – The Container Store Group Inc. saw its net income drop about 2%, to $5.2 million from $5.3 million, during the third quarter of fiscal 2013. This occurred while net sales grew 7.3%, to $188.3 million from $175.4 million, and same-store sales increased 4.7%.

Tampa, Fla. — RMC Property Group has announced plans to redevelop the Publix-anchored Indian Rocks Shopping Center in Largo, Fla. Bealls Outlet and Dollar Tree also serve as co-anchors at the center.

Publix recently signed a new lease and plans to completely redevelop a 45,000-sq.-ft. store. The existing Publix closed in December 2013. Plans call for the redeveloped store to open this fall.

New York -- MPI — Mall Properties, Inc., a private owner, developer and operator of commercial real estate — has changed its name to Olshan Properties.

Charlotte, N.C. -- Bojangles' Restaurants Inc. has appointed Clifton Rutledge as CEO effective Jan. 24. Rutledge joins Bojangles' from Texas-based hamburger chain Whataburger, succeeding current CEO Randy Kibler, who announced his plans to retire from this role in September 2013 but will remain active as chairman of the company's board of directors. Additionally, Bojangles' has promoted its senior VP of company operations Kenny Avery to COO.