Corporate Governance

Las Vegas -- Former Sports Authority chief David Campisi has been named chairman and CEO of Respect Your Universe, a performance apparel company.

Hoffman Estates, Ill. -- A report released Monday by the Associated Press said that Sears Holdings Corp. would be spinning off its Hometown and Outlet stores, along with some hardware stores, into a separate, publicly traded company.

Earlier this year, Sears had revealed it would split the companies but had not indicated the new organization would be a separate public entity.

There are approximately 1,238 Hometown, Outlet and hardware stores. Five Hometown stores have been closed, along with eight hardware stores and one Outlet unit.

City of Commerce, Calif. -- 99 Cents Only Stores said Monday it will convert 40 semi-trucks from diesel to clean-burning compressed natural gas (CNG).

This new fleet, according to the discounter, is the largest private Class-8 CNG trucking fleet in Southern California.

The move comes as part of 99 Cents Only’s plan to become a greener organization and ties in with the chain’s 30th anniversary since its debut in 1982.

Dubai, India -- A Monday report by Reuters said that French retailer Auchan has entered into a franchise agreement with Max Hypermarket, India.

Max operates 13 hypermarkets in India, which will be rebranded as Auchan stores in early 2013.

The pair said they plan to open 12-15 new stores annually across India. Because Max Hypermarket India Ltd is controlled by retail and hospitality company Landmark Group, which operates hypermarkets under the Max brand only in India and therefore is not restricted under foreign ownership regulations.

CHICAGO — Walgreens on Saturday will be hosting its first Mobile Photo Hack Day — a contest between mobile photo application developers in creating a "groundbreaking" application using Walgreens' QuickPrints SDK.

All entries will be reviewed by a panel of notable judges:

• Kobie Hatcher, solutions director at AIM Consulting, a technology solutions and services company providing resources in flexible configurations;

CINCINNATI — DunnhumbyUSA has appointed a new VP business development.

The company said Brian Murphy will be responsible in leading its growth with retail partners in consumer markets, adding that Murphy's role "is instrumental in aligning business objectives and strategy to build measurable and sustainable value as DunnhumbyUSA expands its retail footprint into industry verticals such as apparel, beauty and food service."

Murphy joins DunnhumbyUSA from SBC Advertising, a leading retail advertising agency in Columbus, Ohio.

If JCPenney CEO Ron Johnson is concerned by a 21.7% second-quarter same-store sales decline and a worse-than-expected loss, it wasn't evident Friday morning.

The retailer said sales for the second quarter ended July 28 declined 22.6% to a little more than $3 billion, resulting in a $147 million loss, or 67 cents per share. After adjusting for $159 million in restructuring charges, the company reported a loss of $81 million, or 37 cents per share. The 21.7% comp decline follows a first-quarter decline of 18.9%.

SKOKIE, Ill. — Pankow Associates has hired Mark DeFilippo to serve as an account executive based in its Skokie office.
 


DALLAS — The Army and Air Force Exchange Service and Marvel Custom Solutions on Thursday announced the 13th collaborative issue of an “Avengers” comic book, available only through AAFES locations.

Marvel and AAFES have printed 1 million copies of the free comic book and currently are available at Exchange stores worldwide while supplies last.

Specialty retailer Express expects to have its first stores in Latin America open by year end.