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Corporate Governance

  • Toys ‘R’ Us announces 2013 global expansion plans; 100-plus stores on tap

    Wayne, N.J. – Toys “R” Us on Wednesday unveiled its global growth for 2013, with the planned opening of more than 100 stores, including new locations, the relocation and conversion of 14 stores to its side-by-side format, and 22 new licensed stores. The openings represent the net addition of over 900,000 sq. ft. of retail space to the company’s store portfolio.

  • Target develops French pharmacy solution

    Target stores in the French-speaking Canadian province of Quebec will feature pharmacies under the Brunet banner based on an agreement reached with the McMahon Distributeur pharmaceutique division of Canadian food and drug retailer Metro, Inc.

    The agreement comes as Target is preparing to open the first of 25 stores this fall in Quebec. Target entered Canada earlier this year and plans to open a total of 124 stores in its first year of operation.

  • Ikea acquires Irish wind farm to power locations in Ireland

    New York -- Swedish retailer Ikea has bought a wind farm in Ireland to power its furniture stores in Dublin and Belfast, according to a report by the Belfast Telegraph.

    The Irish facility’s four turbines are expected to generate 25,000 megawatt-hours (MWh) of electricity and bring the total number of Ikea-owned windmills to more than 100 in the U.K., Germany, France, Poland, Denmark and Sweden.

  • Walmart-led U.S. manufacturing summit on tap next week in Orlando

    Top executives from Walmart, seven governors and more than 500 supplier companies are scheduled to gather in Orlando next Thursday for a first-of-its-kind domestic manufacturing summit.

  • Starbucks plans to double Clover locations

    Seattle – Starbucks Coffee Company is opening its 500th location featuring Clover brewing, with plans to double the number of Clover locations globally by the end of 2014. Starbucks has offered its Starbucks Reserve coffees, a line of rare and exotic small batch single origin coffees brewed with the single-cup Clover system, since 2010.

  • Winn-Dixie woos BTS shoppers

    JACKSONVILLE, Fla. — Winn-Dixie has its eye on back-to-school shoppers who are stretching budgets at the height of the back-to-school season. It plans on freezing prices throughout a 10-week period on hundreds of products across every category and department across the store. 

  • Walgreens shuffles Daily Living execs

    Deerfield Park, Ill. – Walgreens is shaking up its Daily Living organization by shuffling the roster of key marketing and merchandising executives. These promotions and appointments, effective Oct. 1, accompany the appointment of Alex Gourlay, chief executive of Alliance Boots Health and Beauty Division, as Walgreens executive VP, president of customer experience and daily living.

  • Transworld Entertainment jazzes up board

    ALBANY, N.Y. — Trans World Entertainment has appointed veteran retail executive Martin Hanaka to its board of directors. Hanaka recently was the interim CEO of Guitar Center, Inc. from January 2013 to April 2013.

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