Corporate Governance

SHANGHAI, China and PAWTUCKET, R.I. — Hasbro has entered into a partnership with Alpha Animation, a toy and entertainment company in China, to form a Chinese joint venture company for the co-development of toys and games.

If approved, the joint venture will focus on developing toys from Alpha's popular Blazing Teens brand. A brand from Hasbro’s global portfolio also will be selected for development. Hasbro and Alpha Animation will in turn collaborate to develop these brands for China and global markets.

BENTONVILLE, Ark. — Walmart is introducing a first-of-its-kind Centers of Excellence program that will offer its associates quality health care with no out-of-pocket cost for heart, spine and transplant surgeries at six of the leading hospital and health systems in the United States. 

Just 10 months into her job as president and CEO of Sam’s Club Rosalind Brewer is making major changes to member benefits and implementing a $5 fee increase.

During a presentation at Walmart’s annual analysts’ conference on Wednesday Brewer recapped Sam’s performance, outlined a growth strategy involving a 2013 net increase of between 10 and 15 new clubs and described a wide range of enhancements to Sam’s two membership tiers.

HOFFMAN ESTATES, Ill. — Sears Holdings has been honored with a SmartWay Excellence Award from the U.S. Environmental Protection Agency for being an industry leader in freight supply chain environmental performance and energy efficiency. The EPA SmartWay partnership is a public/private collaboration between the EPA and the freight transportation industry that helps freight shippers, carriers, and logistics companies improve fuel-efficiency and save money.

Organized labor was crowing this week about a protest, or was it a strike, involving 88 Walmart employees at 28 stores in 12 states who didn’t show up for work on Tuesday.

New York -- Target Corp. opened a new retail concept, called C9 Active Apparel, in San Francisco, Women’s Wear Daily and other media outlets reported.

The 3,000-sq.-ft. store is devoted to the C9 by Champion activewear brand, which was launched by Target in 2004. It is located in Westfield’s Metreon center, which also houses a CityTarget store.

The new store has an industrial feel, with concrete flooring and exposed ceiling, according to the reports, with no Target identifying-logo or signage.

Hoffman Estates, Ill. -- Sears Holdings received a SmartWay  Excellence Award from the U.S. Environmental Protection Agency for being an industryleader in freight supply chain environmental performance and energy efficiency.

In addition, 100% of Sears Holdings more than 20+ freight carriers are SmartWay program partners as well.

Dallas -- Alliance Data Systems Corp., a provider of loyalty and marketing solutions derived from transaction-rich data, announced its Retail Services business has signed a multi-year renewal agreement to continue providing the private label credit card program for multichannel home furnishings retailer Crate and Barrel.

This year, in partnership with Alliance Data, Crate and Barrel introduced a rewards-based credit card that allows customers to earn rewards across all three brands: Crate and Barrel, CB2 and The Land of Nod.

Pleasanton, Calif. -- Safeway Inc. posted a lower profit from continuing operations for the third quarter on Thursday, but its net profit rose to $157 million from $130.2 last year, helped by the sale of some of its Genuardi's stores. The company reported income from continuing operations of $108.0 million for the quarter ended Sept. 8, compared with $130.3 million in third quarter 2011.

New York -- Carrefour SA reported that its revenue edged up in its third quarter, driven by strong sales in its convenience stores and markets in Asia and Latin America.

The company said Thursday that sales rose 2.1% to €22.6 billion ($29 billion) in the July to September quarter.

Recessions in Spain and Italy impacted Carrefour’s revenue in Europe, where sales were down 2.2%. Sales in Asia and Latin America increased, however, rising 12.3% and 5.2% respectively.