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Corporate Governance

  • L.L.Bean launches limited-edition tote to support Boston spirit

    FREEPORT, Maine — L.L.Bean has introduced the One Fund Boston Tote made from the tarp used to protect the Fenway Park infield during its 100th anniversary in 2012.

    The limited edition version of the company’s signature tote celebrates the spirit of Boston and its people, with 100% of the profits going to The One Fund Boston.

  • Uniqlo announces locations for 10 new mall stores

    New York -- Uniqlo will open 10 U.S. mall stores in October and November, giving it a total of 17 U.S. locations. The new stores are strategically placed surrounding the brand’s current flagship stores on the East and West Coasts (see below for schedule).

    To support its retail expansion, Uniqlo will debut a new, more interactive website this fall.  

    Uniqlo will open four stores in California, three in New York, two in New Jersey and one in Connecticut. Here is the schedule:  

    New Jersey

  • Mid-America’s Panovich honored for Lifetime Industry Leadership

    Chicago — C. Michelle Panovich, principal and executive VP, Mid-America Asset Management will receive the Lifetime Industry Leadership Award at the 12th annual Real Estate Gala hosted by the Marshall Bennett Institute of Real Estate at Roosevelt University. The event will take place on Nov. 7.

    Christopher G. Kennedy, chairman of Joseph P. Kennedy Enterprises, will keynote the event, which draws more than 400 attendees annually and benefits Roosevelt’s real estate program.

  • Campbell’s taps new Mama's Boy

    CAMDEN, N.J. — Campbell’s Chunky soup, the official soup sponsor of the NFL, is renewing the Mama’s Boy campaign for the 2013 season, this time tapping Green Bay Packers linebacker and Super Bowl XLV champion Clay Matthews as its spokesperson.

    In conjunction with the new ad campaign, Campbell will kick off the upcoming season with three new soups inspired by a classic sports pub menu: Hearty Cheeseburger, Spicy Chicken Quesadilla and Philly-Style Cheesesteak.

  • Former Coach exec named CEO of REI

    Seattle -- Recreational Equipment (REI) named Jerry Stritzke as the company's president and CEO, effective Oct. 1, following an extensive national search. Stritzke most recently served as president and COO for Coach, which announced his resignation, effective Sept. 2.

  • Rite Aid bolsters managed care leadership

    CAMP HILL, Pa. — Rite Aid has promoted Tammy Royer to group VP of managed care. Royer will report to Chris Hall, SVP of pharmacy services.

    Royer most recently worked in the company's pharmacy division. In her new role, she will oversee all aspects of managed care, including contracting, maintaining relationships with managed-care organizations, pharmacy benefit managers and third-party payers and developing new strategic partnerships.

  • Sears Hometown and Outlet Stores posts Q2 loss

    Hoffman Estates, Ill. -- Sears Hometown and Outlet Stores Inc.’s second-quarter net income dropped to $9.1 million, down from $21.1 million a year earlier, on expenses associated with its spinoff from Sears Holdings Corp. The company also announced that its board approved a $25 million buyback.

    Revenue increased 2% to $656.9 million from $644.5 million. Same-store sales rose 1.4%, with an 8.2% increase for the chain’s outlet segment.

  • Hillshire Brands expands meat snacks footprint

    CHICAGO — The Hillshire Brands Company has signed an agreement to acquire the maker of Golden Island jerky products.

    Terms were not disclosed, and the transaction is expected to close by the end of the month, pending closing conditions.

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