Corporate Governance

DOWNERS GROVE, Ill. — The Hillshire Brands Company announced that Sean Reid will become chief customer officer, effective Aug. 20. Reid will lead the external selling organization and build sustainable strategic relationships and strategies across all consumer-facing channels including Wal-Mart, Kroger, Costco and development networks. He will report to Sean Connolly, CEO.

DOWNERS GROVE, Ill. — Hub Group, a light freight transportation management company has been named a 2012 Partner in Transformation for Sears Holdings. Hub Group received the award for financial and operational discipline.

BENTONVILLE, Ark. — Walmart has unveiled its first onsite large-scale wind turbine pilot project at  its distribution center in Red Bluff, Calif. The wind turbine, expected to be operational by this fall, will provide roughly one megawatt of power or 15% to 20% of the distribution center's yearly electrical use.

Bentonville, Ark. -- Wal-Mart Stores Inc. said Tuesday it has introduced its first onsite large-scale wind turbine project, unveiled at its DC in Red Bluff, Calif.

The wind turbine, expected to be operational by this fall, will provide roughly one megawatt of power or 15% to 20% of the distribution center's yearly electrical use.

The GE SLE 1.0 megawatt wind turbine, equal to the height of a 20-story building, is projected to produce approximately 2,200,000 kilowatt hours annually.

Bergen, N.J. -- Vitamin Shoppe Inc. reported Tuesday that net income for the second quarter surged 38.8% to $16.6 million, compared with $12 million in the year-ago period and marking the third straight quarter of profit increases.

Revenue rose 13.4% to $245 million, beating Wall Street’s expected $241.8 million in revenue.

The company said it is on track to open 52 stores in fiscal 2012.

Gouverneur, N.Y. -- Kinney Drugs Inc. said Tuesday it has promoted Jim Spencer from his current position as VP retail operations to COO, effective immediately.

Spencer, who joined Kinney Drugs in 2010, will oversee retail and pharmacy store operations and the retail merchandising department.

Bentonville, Ark. -- The Walmart Foundation announced Tuesday the launch of its Partnership for Women’s Prosperity, a move to help economically vulnerable women gain financial and economic security through education, job training and employment opportunities.

Atlanta -- Supply chain solution provider Logility said Tuesday that Omaha, Neb., home furnishings retailer Nebraska Furniture Mart has selected Logility Voyager Solutions to help the company plan for and manage its growth into new markets.

To meet its goal of 75% growth by 2015, Nebraska Furniture Mart has embarked on an aggressive supply chain transformation project alongside a business improvement effort to streamline operations and accelerate the flow of information and products.

Cary, N.C. -- The Pantry reported Tuesday that net income dipped to $14.8 million in the third quarter, compared with $19 million in the same quarter last year.

Total revenue fell to $2.14 billion from $2.26 billion. Wall Street expected revenue of $2.15 million.

Westlake, Ohio -- Truck-stop operator TravelCenters of America reported Tuesday that net income for the second quarter leaped 37% to $29.9 million, from $21.8 million in the year-ago period.

Revenue dipped nearly 3% to $2.04 billion from $2.09 billion.