Corporate Governance

WOONSOCKET, R.I. — CVS Caremark’s solid second-quarter performance and outlook has prompted the company to raise yet narrow its guidance for the year. CVS Caremark now expects to deliver adjusted earnings per share of $3.32 to $3.38 for the full year 2012, up from its previous guidance of $3.23 to $3.33.

PHILADELPHIA — Pep Boys has been named as the exclusive distributor of Barett Jackson car care products within its new automobile restoration system.

The three-part automobile restoration system – which includes abrasives, paint and car care – is now available in at Pep Boys locations across the country and offers car collectors and enthusiasts an easy, unique way to complete the restoration of car projects from start to finish.

CINCINNATI — After delivering a 22% increase over the prior year in diluted per share for it second quarter (from 55 cents to 67 cents), Macy's Inc. has raised its full-year earnings guidance for 2012.

The company now expects earnings per diluted share to range from $3.30 to $3.35, compared with previous guidance for earnings per diluted share of $3.25 to $3.30. Guidance for same-store sales in fiscal 2012 remains unchanged at an increase of approximately 3.7%.

MENOMONEE FALLS, Wis. — Kohl’s Department Stores has partnered with Elle magazine to offer a new line of apparel and accessories designed to raise money and awareness for the fight against breast cancer.

MISSISSAUGA, ON — Walmart Canada got some key insights into its core shoppers when it surveyed more than 2,000 Canadian moms with children under 18. And while the survey may have targeted Canadian shoppers, the results can easily be applied to shoppers in the United States.

SAN BERNARDINO, Calif. — Third-quarter sales for Stater Bros. rose more than $10 million during the period ended June 24, the retailer said Tuesday.

Third-quarter sales increased 1.14% to $949.8 million, compared with $939 million in third quarter 2011. Same-store sales also rose 1.14% during the third quarter. For the 39-week period ended June 24, sales rose 3.51% to $2.8 billion, compared with $96.7 million in the year-ago period. Same-stores sales for the 39-week period also rose 3.51%.

ANN ARBOR, Mich. — The Cookware Manufacturers Association (CMA) has partnered with NSF International, an independent global organization that writes standards, and tests and certifies products for the food, water and consumer goods industries, to provide quality and safety standards for cookware and other consumer products.

The retail industry in general may not be so keen on the new Affordable Care Act, but the nation's largest retailer has come out in support of a Democratic proposal to control spending.

Walmart stores is endorsing a new plan, co-authored by former Obama and Clinton administration officials that would slow healthcare spending and keep it in line with wage growth.

Read more from the Reuters report here.

SANTA CLARA, Calif. — Trianz, a global consulting and turnkey execution services firm with clients in the retail space, has expanded its leadership team. Trianz has appointed Joanne Mack, VP consulting, to its leadership team and also expanded its U.S. presence by recently opening an office in New York City.

HOFFMAN ESTATES, Ill. — Kmart is responding to changing trends affecting the "back-to-school" experience with a number initiatives designed to meet the needs of its consumers.

According to Kmart, more public schools are requiring uniforms and others are now adopting a year-round school calendar. In response, Kmart has adjusted its approach to back-to-school by increasing the number of stores that sell uniforms and aligning its back-to-school sales periods by region to match that of the local school districts.