Corporate Governance

Pittsburgh – GNC Holdings reported strong results for the third quarter of fiscal 2013, reporting a net income increase of 17.3%, from $62.2 million to $73 million.

Revenue grew about 9%, from $621.6 million to $675.6 million. Same store sales increased approximately 6.7% in domestic company-owned stores (including GNC.com sales) in the third quarter of 2013, while in domestic franchise locations, same-store sales increased 5.9%.

New York -- FedEx expects to transport more than 22 million shipments around the world on Cyber Monday, Dec. 2, which it anticipates will be its busiest day in company history. The 11% year-over-year increase will be driven by online retailers feeding the FedEx Ground and FedEx SmartPost networks.

FedEx anticipates moving more than 22 million shipments around the world on Cyber Monday, Dec. 2 —its busiest day in company history. The 11% year-over-year increase will be driven by online retailers feeding the FedEx Ground and FedEx SmartPost networks.

Canada Safeway is up for grabs, and the Canadian Competition Bureau is allowing Sobey’s Inc. to proceed with the acquisition of substantially all its assets.

As part of the consent agreement, Sobey’s will divest 23 stores in the provinces of Alberta, British Columbia, Manitoba and Sasketchewan. The deal, announced in June, will cost Sobey’s owner Empire Co. Ltd. about $5.7 billion.

Winston-Salem, N.C. – Krispy Kreme Doughnut Corporation will open a new store in Doraville, Ga., on Oct. 29. The newly constructed, free-standing facility is an approximately 2,300-sq.-ft. location with a drive-thru.

"We are extremely excited to bring this newly constructed and updated shop to our loyal Doraville area doughnut and coffee fans," said Cindy Bay, senior VP of U.S. franchises and company stores for Krispy Kreme.

The Bon-Ton Stores will be opening its stores at 8 p.m. on Thanksgiving Day, joining a growing list of retailers getting a jump on Black Friday. The retailer is also offering in-store doorbuster deals through 2 p.m. Friday, Nov. 29.

Online doorbusters will begin at 6 a.m. on Wednesday, Nov. 27. Other retailers that have already announced plans to open stores at 8 p.m. Thanksgiving night include Macy’s, J.C. Penney and Kohl’s.

San Jose, Calif. – eBay is acquiring Shutl, a London-based same-day e-commerce delivery company with North American headquarters in San Francisco, for an undisclosed sum. Through the purchase, eBay hopes to establish its one-hour eBay Now delivery service in 25 cities in the U.S., and U.K., by the end of 2014.

Seattle – Starbucks will open its first Teavana tea bar in as the company continues to push beyond its core coffee foundation. Teavana Fine Teas + Tea Bar will open on the Upper East Side of Manhattan on Oct. 24, offering snacks and light foods, loose-leaf teas tea blends and novelty beverages, along with  and related merchandise.  

The store is accented with light woods, comfy seating and low lighting. It has no Starbucks branding.