Corporate Governance

Deerfield, Ill. -- Walgreens reported Tuesday that net sales for the month of May dropped 1.6% to $5.98 billion, compared with $6.08 billion in the year-ago period.

Total front-end sales edged up 0.3%, and same-store sales dipped 1%.

Total sales for the third quarter of fiscal 2012 were $17.77 billion, down 3.3% from $18.37 billion in the third quarter last year.

Chicago -- Charming Charlie said Tuesday it has selected ShopperTrak to measure, analyze and deliver store-performance data for its nearly 200 locations.

ShopperTrak's Managed Service, which provides access to secure and anonymous foot-traffic data and actionable analyses, is currently being installed in all Charming Charlie stores and will continue through November 2012.

Matthews, N.C. -- Family Dollar Stores said Tuesday it has entered into a multi-year agreement with Coinstar to provide Redbox kiosks at Family Dollar locations across the United States.

“As Family Dollar continues to broaden its assortment and increase relevancy to our customer, Redbox is a natural addition to our growth initiatives,” said Michael Bloom, president and COO, Family Dollar.
 

Naples, Fla. -- Tampa, Fla.-based RMC Property Group said that Naples Towne Centre property, located in Naples, Fla., has just completed a major renovation project, which included a complete restoration of the façade, and a makeover of the landscaping, parking lot and exterior lighting. The owner, Buckingham Properties, utilized the design services of local architect, Don Stevenson Design.

Los Angeles -- Regional sporting goods retailer Sport Chalet reported Monday that it lost $3.8 million in the quarter ended April 1, compared with net income of $300,000 in the year-ago period.

The company cited warm weather trends for the weakened performance.

Revenue fell 16.6% to $81.9 million, from $98.2 million. Same-store sales dropped 5.3%.

 

Washington, D.C. -- The number of retailers that fell victim to organized retail crime groups increased in the past, according to the National Retail Federation’s Organized Retail Crime Survey.

Of the 125 retail companies surveyed for NRF’s eighth annual survey, a record-setting (96%) said their company has been the victim of organized retail crime in the past year, up from 94.5% last year. Another 87.7% said ORC activity in the United States has grown over the past three years.

Canadian specialty apparel retailer Reitmans broadens its appeal with a new store environment designed to appeal to a younger and more fashion-focused shopper while also engaging the existing customer base. Bright, crisp, clean and confident, the new design (by Dalzel and Pow, London) brings a fresh, modern feel to the brand.

Strong performance of the fresh department at Sam’s Club and exceptional leadership earned SVP Shawn Baldwin the highest honor Walmart can bestow on one of its employees.

Justin Timberlake, Celine Dion, Taylor Swift and Lionel Richie kept the mood light and celebratory at Walmart’s annual meeting. See what The New York Times had to say about the event.


 

See what Walmart president and CEO Mike Duke had to say about the company’s growth prospects. For a transcript of his comments, click here.