Corporate Governance

CINCINNATI — Macy's is offering customers in China access to an assortment of its highly regarded private brand merchandise through a Macy's section on Omei.com, a newly established China-based online retailer of in-season luxury and fashion brands operated by VIPStore Co., Ltd.

The University of Arkansas RFID Research Center will finally receive a home of its own. The center, which was founded in 2005 as part of the Information Technology Research Institute in The Sam M. Walton College of Business at the University of Arkansas will be housed at 1637 Fred Hanna Drive in Fayetteville. This will be the third location for the research center since it was founded.

Walmart and the Walton Family Charitable Support Foundation have teamed up to donate $1 million to fund the renovation and expansion of the current Sam M. Walton College of Business display, honoring Walmart’s founder, Sam Walton. Each organization donated $500,000 to update the display in the Business Administration Building on the University of Arkansas campus. 

HOFFMAN ESTATES, Ill. — Customers who wish to pay their bills in person can now do so at Kmart through the retailers new CheckFreePay walk-in bill payment service from Fiserv. The program is available at all Kmart stores nationwide and accepts bill payment from more than 3,000 companies—everything from electric, gas and cable bills to credit card statements and auto loans.

First it was the California State Teachers' Retirement System (CalSTRS) , now another California pension group (CalPERS) is looking to influence the Wal-Mart Stores board by withholding votes for nine members, according to Reuters. Read more.

Juan Pablo Montoya and the Target team fell short of claiming a spot in the Sprint All-Star race at the Sprint Showdown on Saturday night. The No. 42 Target Chevrolet was in contention for a top transferring spot until a mishap in the final segment relegated it to a fifth-place finish.
 

HOFFMAN ESTATES, Ill. — Sears is encouraging customer feedback for the products it sells by offering shoppers the chance to vote for their favorite participating charity every time they post a product review. Through its "Love/Hate: Share Your Thoughts, Send Some Love" project, Sears is offering customers the chance to share their opinion -- good or bad -- on products and in return vote for one of four charities to receive a grand prize of $100,000. The participating charities competing for the grand prize  include the American Cancer Society, St.

Seattle -- Retail companies are more able and willing to reinvest in their businesses, as evidenced by sharp increases in 2012 capital expenditure budgets, according to a new white paper released by Colliers International.

New York -- 7-Eleven Inc. said that it plans to add 630 new stores in the United States and Canada by yearend. In 2011, the chain added some 600 locations, with the stores either built, acquired or transitioned from another business to the 7-Eleven banner

Indianapolis -- Hhgregg Inc.'s fiscal fourth-quarter earnings jumped as the chain collected $39.6 million in life insurance proceeds due to the death of executive chairman and former CEO Jerry W. Throgmartin.

Throgmartin, who died Jan. 22 at age 57, served as chairman and CEO of Hhgregg from 2003 to 2009 and led it through a 2007 initial public offering of stock. Hhgregg said Wednesday it collected the proceeds from a "key man" life insurance policy.