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Corporate Governance

  • Lowe's continues down transformation road

    New York -- Mooresville, N.C.-based Lowe’s is telling investors and analysts that changes are in the works, a message it has delivered steadily over the last several quarters.

  • Rite Aid same-store sales down 3% in Q3

    Camp Hill, Pa. — As expected, Hurricane Sandy left its mark on Rite Aid's monthly sales as the chain reported a decline in comps for November.

    The company said the 3% decrease in same-store sales for the five-week period ended Saturday included a 0.5% decrease in front-end comps and a 4.2% decrease in pharmacy comps, while same-store prescription count increased 2.2% compared with the same time last year.

  • Claire’s expands into China

    Chicago -- Claire's Stores Inc. announced the recent opening of the first Claire's stores in China, in DaNing Life Hub in Shanghai. The company’s second China store will open on Dec. 7, in Grand Gateway Mall in Shanghai.

    Claire’s has entered China on an owned and operated basis and has established a new division based in Shanghai.

  • Sprouts Farmers Markets taps Verisae for improved operations and lowered facility costs

    Minneapolis -- Sprouts Farmers Market has installed enterprise asset management software from Verisae to support the company’s aggressive growth strategy.

    The grocery retailer, which recently acquired Sunflower Farmers Market, recently implemented core modules of the Verisae connected facility platform; enterprise asset management (EAM), enterprise refrigerant management (ERM) and enterprise asset purchasing (EAP) solutions.

  • Ethan Allen will use Demandware’s global commerce capabilities to grow online presence

    Burlington, Mass. -- Demandware announced Ethan Allen Interiors will leverage the Demandware Commerce platform as the digital foundation of its global expansion strategy.

    Ethan Allen recently launched its first site on the Demandware platform in Canada to coincide with the grand opening of its first Design Center in Montreal. Ethan Allen plans to re-launch its U.S. e-commerce site with Demandware in 2013 in addition to site launches in other countries, including Europe, to support its new design center in Brussels.

  • Starbucks to open 1,500 new stores in U.S. by 2017

    New York -- Starbucks Coffee Co. is moving ahead full-steam. The company on Wednesday announced accelerated global growth plans that include opening at least 1,500 stores in the United States during the next five years. Including Canada and South America in the mix, Starbucks expects to add a total of 3,000 new locations in its Americas region — and renovate thousands more — by 2017.

  • Pitney Bowes offers e-commerce solutions to global online shopping

    STAMFORD, Conn. — Pitney Bowes is helping high-end leathergoods retailer Dooney & Bourke extend its reach in the global online market.

    Dooney & Bourke will use Pitney Bowes’s e-commerce software and international shipping services to offer international buyers the ability to receive a guaranteed, fully-landed cost quote that includes importation fees during the online checkout process. Displaying fully-landed costs upfront helps ensure there are no surprises for buyers with additional fees at the time of delivery.

  • Dollar General adds foodie and financial experience to its board

    GOODLETTSVILLE, Tenn. — Dollar General has elected Sandy Cochran, president and CEO of Cracker Barrel Old Country Store, to its board of directors, effective December 5.

    “We are excited to add Sandy to the Dollar General board of directors,” said Rick Dreiling, Dollar General’s chairman and CEO. “Sandy’s extensive experience and perspective will provide us with valuable insights as we continue to grow our business. Her expertise will complement our board as we strive to build shareholder value.”

  • Accessories chain expands global footprint

    Claire’s Stores has opened its first two stores in China, giving the leading retailer of jewelry and accessories a worldwide presence in 39 countries with nearly 3,500 locations.

    The company said it opened stores in the DaNing Life Hub and Grand Gateway Mall in Shanghai and indicated that China represents a significant market opportunity for the Claire's brand. 

  • SC Johnson exec joins industry board

    Kelly Semrau, SVP of global corporate affairs, communication and sustainability at SC Johnson, is the newest board member at the American Cleaning Institute (ACI).

    The group, previously known as the Soap and Detergent Association, confirmed her appointment at a recent meeting where Amway’s Catherine Ehrenberger and Sasol’s Tom O’Brien were also appointed to new posts.

    Ehrenberger, vp of research and development, quality and regulatory at Amway, was named board chair and O’Brien, group vp and general manager as Sasol, was named vice chair.

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