Corporate Governance

Mexico City – Walmex, Mexico’s largest retailer, reported Monday that same-store sales for the month of June rose 5.3%. Total sales in June jumped 15%.

The retailer opened 26 stores and restaurants in June, after announcing it was reducing planned store openings to between 325 and 335 this year from a previously announced 410 to 436 stores.
 

Dallas – Loyalty and marketing solution-provider Alliance Data Systems Corp. said Tuesday that it has signed a multi-year renewal agreement to continue providing the private label credit card program for Omaha-Neb.-based Gordmans Stores, which operates 78 stores in 46 markets across 18 states.

Additionally, Gordmans and Alliance Data have begun a full rollout of Alliance Data's in-store, tablet-based mobile technology to drive account acquisition efforts following a successful pilot earlier in 2012.
 

Raleigh, N.C. – Kerr Drug announced Monday it has promoted Mark Gregory to the position of senior VP store operations, effectively immediately.

Gregory, who was previously VP pharmacy and government affairs, will report to president and CEO Anthony Civello.
 

Minneapolis – Caribou Coffee Co. said Monday that Leigh Anne Snider is joining the company as its senior VP retail operations, effective immediately.

Snider is charged – together with CEO Mike Tattersfield – driving the coffee company’s overall domestic day-to-day operating activities, including building consistent customer service procedures, driving revenue and effectively managing financials.

Albany, N.Y. -- Trans World Entertainment Corp. said Tuesday it has named John Anderson acting CFO, effective immediately.

Anderson has served in positions of increasing responsibility at Trans World for over 18 years, most recently serving as controller since September 2006.  He replaces Tom Seaver, who will be leaving the company to pursue other opportunities after a short transition period.
 

New York -- The retail industry is buzzing as a discounter giant and a luxury stalwart form an unprecedented partnership.

Target Corp. and Neiman Marcus Group announced Tuesday they have joined to market a joint holiday 2012 limited collection that ranges from fashion to sporting goods.

More than 50 products will be available at both stores and on their websites starting Dec. 1 until they sell out. The pair feels the partnership makes more sense than people might think.

Best Buy intends to cut 2,400 jobs, including 600 Geek Squad technicians, which would make up 1.4% of its work force, Reuters reported Friday.

According to the report, these cuts are in addition to the job reductions related to the 50 store closings the company announced in March.

Click here to read the full report.

Regional sporting goods chain Hibbett Sports plans to begin construction this fall on a new distribution facility that will support more than 2,000 stores.

NORTHBROOK, Ill. — Hilco Trading has named Gary Epstein as chief marketing officer for the company. Epstein will be responsible for Hilco’s overall marketing strategy and execution, branding, market research, etc. across all of the operating companies. Epstein will be taking over the role from Rick Kaye, who has held the position for more than 10 years and will remain with the organization as an EVP until January 2013.

CAMDEN, N.J. — Campbell Soup Company has agreed to buy Bolthouse Farms from a fund managed by Madison Dearborn Partners, LLC, a private equity firm, for $1.55 billion in cash. Founded in 1915, Bolthouse is a vertically integrated food and beverage company focused on developing, manufacturing and marketing proprietary, high value-added natural, healthy products.