Corporate Governance

Costco’s enhanced its ability to sell 3D televisions with the renewal and upgrade of a relationship with Premium Retail Networks (PRN).

Under the new agreement, PRN’s upgraded in-store media HDTV Network will provide Costco warehouses with a dedicated 3D content channel to support Costco’s 3D consumer electronics education initiatives. PRN is further integrating its HDTV Network platform with Costco’s technology infrastructure to support a wider range of media formats.

BENTONVILLE, Ark. — Sam's Club announced that Dale Talde, celebrity chef and owner of Talde and the soon-to-be opened Pork Slope Restaurant, both in New York, joins the Sam's Club Simply Delicious Chef Brigade to help families serve up healthy, restaurant-quality meals in their own backyard.

Veteran consumer packaged goods executive Phil Dolci was named president and CEO of airgun manufacturer Crosman.

The Rocherster, NY-based company is the leading designer, manufacturer and marketer of a wide range of products for the shooting sports under the Crosman, Benjamin, Centerpoint, Precision Optics, Game Face and Undead Apocalypse brands.

Sunbury, Pa. -- Weis Markets reported Tuesday that net income for the quarter ended June 30 rose 12.1% to $23.2 million, compared with $20.7 million in the year-ago period.

Sales were essentially flat at $677.1 million, and same-store sales inched up 0.4%.

President and CEO David Hepfinger cited a “stagnant sales environment” for the near-flat sales but said the grocer continues to improve efficiencies and store-level productivity.
 

Washington, D.C. -- The National Retail Federation and its National Council of Chain Restaurants division joined a coalition of manufacturers, shippers and transportation providers to file an amicus brief before the U.S. Court of Appeals opposing new federal trucking regulations on drivers’ hours-of-service, stating the regulations were arbitrary and capricious.

El Paso, Texas -- Best Buy Co. has signed a lease to open a 37,740-sq.-ft. store at The Fountains at Farah, a new power-lifestyle shopping center located in El Paso, Texas.

The shopping center, a Centergy Retail project, is under construction and planned to open in 600,000 sq. ft. in fall 2013.
 

San Antonio -- A Tuesday report by Bloomberg said that Valery Energy Corp. has unveiled plans to sell or spin off its network of 1,000+ gas and diesel stations across the United States and Canada, valued at up to $5 billion.

Denver -- National Grocers by Vitamin Cottage said Tuesday that its first Arizona store – in Flagstaff – has opened, and will be joined by two additional stores located in Sedona and Prescott.

The privately owned regional grocery chain, which operates 56 stores in 12 states, incorporated environmentally friendly elements into the Flagstaff store. Energy-efficient features include motion light sensors, 100% post-consumer content tiles, polished concrete flooring and commercial-grade LED lights.  And the chain is 100% shopping bag free.

J.C. Penney Co.’s visual transformation has begun. The company has rolled out three shop concepts to nearly 700 stores nationwide. The shops, the first wave of many more to come, are dedicated to three brands: Levi’s, I Jeans by Buffalo, and The Original Jean Co. 

Click here to take a video tour of the new shops.
 

Plano, Texas -- J.C. Penney on Aug. 1, will open in-store shop concepts for three brands—Levi's, i jeans by Buffalo and The Original Arizona Jean Co.—in nearly 700 stores nationwide. To coordinate with the back-to-school season, the retailer also is offering free haircuts for kids in its salons in the month of August.