Corporate Governance

Redlands, Calif. — Start-up Fresh Thyme Farmers Market plans to open 50 new stores across 12 Midwestern states over the next six years. To find the right locations, Fresh Thyme is using Esri technology and data to prioritize markets and rate, rank and compare potential sites based on geographic and demographi9c analyses.

Gander Mountain has promoted Mike Owens to the position of president and COO. Owens was the company’s EVP and COO since joining in 2009.
 
“This is an exciting time for Gander Mountain, and we are very optimistic about our future,” said chairman of the board and CEO David Pratt, who has overseen a sizeable expansion in the past 18 months. “In Mike we have a true leader in driving further growth and success for Gander Mountain across our network of stores. I offer my personal congratulations to Mike on a well-deserved promotion.”

Camp Hill, Pa. – Rite Aid reported a same-store sales increase of 2.1% for October 2013 as compared to the same month in the prior year. Front-end same-store sales actually decreased 0.6%, but gains of 3.4% in pharmacy same-store sales and a 1.1% jump in prescription count drove the total growth.

Big Lots plans to close down its wholesale operations, Big Lots Wholesale, Consolidated International and Wisconsin Toy, by the end of the current fiscal year. The move is the latest in the company’s strategy to refine its business model and focus on its retail stores.

As things wind down for the wholesale business its inventory will be liquidated. The company says that it will assimilate employees into its retail operations wherever and whenever possible throughout the next 90 days.

Portland -- The Green Building Initiative (GBI) announced that Wegmans Food Markets has been awarded a “two Green Globes” certification for its store in Germantown, Md. Green Globes, which is administered in the United States by the GBI, awards buildings that qualify one through four Globes based on environmental achievements in management, site, energy, water, materials and resources, emissions, and indoor environment.

The U.S. Federal Trade Commission has given Office Max and Office Depot clearance to proceed with their proposed merger. The companies anticipate completing the transaction after market close on Nov. 5, subject to the satisfaction of remaining closing conditions.

New York -- TJMaxx has signed a lease at the Brass Mill Commons in Waterbury, Conn., according to Charter Realty and Development, TJMaxx’s representative in the negotiations.

The new TJ Maxx store will be 22,889 sq. ft. and the 26th deal that Charter has leased to TJX. TJMaxx is a division of TJX, which also owns Marshall’s and HomeGoods.

Clorox saw volume for the first quarter ended Sept. 30 increase 1%, primarily driven by gains in the company's professional products, charcoal, laundry and Burt's Bees businesses, which were partially offset by declines in home care.

Sales grew 2%, with increases in three out of four segments, reflecting the benefit of price increases, higher volume and favorable mix and assortment, partially offset by unfavorable foreign currency exchange rates. Excluding the impact of foreign currencies, sales grew 3.5%.