Corporate Governance

From Target Corp. and Big Lots to J. Crew and Express, the list of U.S. retailers expanding into Canada or scouting locations north of the border seems to grow longer every day. With its growing population, enthusiasm for U.S. brands, relatively underserved market and stable, resilient economy, Canada has become a land of opportunity— and a potentially important profit center — for American retailers. In fact, more U.S.

There’s no doubt that Canada is very much on the minds of U.S. retailers these days. As our cover story points out, Canada is attractive for a number of reasons, from its growing population to its resilient economy. But there is plenty of expansion going on here at home too. The extent of the activity is detailed in the “Spring 2012 Retailer and Restaurant Expansion Guide” from ChainLinks Retail Advisors. The comprehensive report, which details the current expansion plans for more than 2,500 U.S.

Miami Beach, Fla. -- Walgreens and Car Charging Group, a nationwide provider of electric vehicle (EV) charging services, have expanded EV charging services to 13 Walgreens locations in Orlando and Tampa/St. Petersburg, Fla.

The two companies plan to broaden their EV charging services with more locations in major metropolitan cities in Florida, as well as in other cities including Phoenix; Akron, Canton and Columbus, Ohio; and Austin, Texas.

Minneapolis -- Target Corp. will celebrate Earth Day by distributing 1.5 million reusable bags in all of its stores on April 22.

In addition, Target will offer guests simple, sustainable solutions and more than $50 in savings on sustainable products throughout April in our stores and via a limited-time website. The retailer also will partner with Recyclebank, an organization that promotes sustainable decisions by allowing individuals to earn rewards for actions like recycling and reducing water use.

Bentonville, Ark. -- Wal-Mart Stores announced that its board of directors has nominated Marissa A. Mayer of Google Inc., for election as a new member of the company’s board at Walmart’s Annual Shareholders’ Meeting on June 1, 2012. If elected, Mayer would become the sixteenth member of the board.

Bentonville, Ark. -- Significant waste reduction and greater use of renewable energy are detailed in Walmart’s just-released fifth annual Global Responsibility Report (GRR). Entitled “Beyond 50 Years: Building a Sustainable Future,” the report highlights the chain’s global top 10 list of achievements to reduce its impact on the environment, improve efficiency in its supply chain and stores, and address social issues.

Minneapolis -- Best Buy on Saturday announced the locations of the 50 stores that it is closing this year, including seven in California, six in Illinois and six in the company’s home state of Minnesota. The chain has already closed two locations: one in Missouri and one in Arizona.

Most of the remaining 48 stores will close by May 12, with three stores scheduled to close this summer.

New York -- The Commerce Department said Monday that retail sales rose a better-than-expected 0.8% in March as job gains and warmer weather encouraged more consumers to shop. The increase was below February's 1% increase but above January's pace.

Excluding both automotive and gasoline sales, retail sales rose 0.7%. Excluding the increase in auto sales, retail sales still rose by 0.8% in March.

Advance estimates put the total level of U.S. retail sales at a seasonally adjusted $411.1 billion for March.
 

Walmart should shorten its checkout lines and improve the store experience in Canada prior to the arrival of Target next spring. That was the advice of Diane Briesebois, president and CEO of the Retail Council of Canada who spoke Wednesday at a dinner in Toronto, which preceded Walmart’s annual international meeting for the financial community.

Following her prepared remarks, Briesebois was put on the spot by Walmart International president and CEO Doug McMillon who asked during a question and answer session, “What can we do to improve in this market?”

Impressive. That is the best way to describe what a ballroom full of financial analysts and thousands of others watching via Web cast saw unfold Thursday inside a Toronto hotel ballroom where Walmart held its annual international meeting for the financial community.