Corporate Governance

Lay's will be introducing Lay's Wavy Potato Chips Dipped in Milk Chocolate next week, according to a report from USA Today.

The chips, priced at $3.49 for a 5-oz. bag, will only be sold at Target for a limited time through the holidays. If the product is successful it could become a permanent fixture on store shelves, according to Ram Krishnan, VP marketing at Frito-Lay.

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.

Wolverine Worldwide has appointed Frank Annunziata as VP and general manager of Sebago. Annunziata will be responsible for further developing the brand's global growth platform of footwear, apparel and accessories, and will report to Ted Gedra, president of the company's Heritage Group.

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 Container Store began trading on the New York Stock Exchange, under the ticker symbol “TCS.” Expectations were high: On Thursday, the retailer set its IPO price at $18 per share, higher than the originally-expected range of $14 to $16 per share.

The company is offering all 12.5 million shares of common stock, with an additional 1.9 million shares 30-day purchase option for the underwriters.

OfficeMax has joined the growing list of retailers that plan on opening most of its stores at 8 p.m. Thanksgiving, ahead of Black Friday. The office supplies, technology and business services retailer will entice consumers with doorbuster deals and significant Black Friday savings at OfficeMax.com starting at 12:01 a.m. EST Thanksgiving morning.

The OfficeMax Black Friday shopping event will run through Saturday, Nov. 30, in stores and online.

Wayne, N.J. -- Toys “R” Us is expanding its point-based Rewards “R” Us loyalty program as it gears up for one of the most competitive holiday seasons in years. The added incentives include a first-ever, private pre-Black Friday incentive.

Washington, D.C. -- Walmart U.S. president and CEO Bill Simon and Secretary of Commerce Penny Pritzker announced at the SelectUSA 2013 Investment Summit on Thursday that three suppliers have made new domestic manufacturing commitments that will create 385 jobs. The move is part of the retailer’s previously announced pledge to buy an additional $50 billion in U.S.-made products over the next decade.

Walmart said that Elan-Polo, Louis Hornick & Company and EveryWare Global will produce footwear, curtains and glassware, respectively.