Corporate Governance

Washington, D.C. -- The National Retail Federation penned a letter to Speaker of the House John Boehner and Minority Leader Nancy Pelosi, asking Congress to pass a one-year delay of the Affordable Care Act’s employer mandate.  

The impending House vote follows the Administration’s announcement earlier this month of a one-year delay of the employer mandate provisions.

Dick's Sporting Goods plans to open its first Field & Stream branded store this August in Cranberry Township, Pa., as part of the company's ongoing strategy to drive growth with speciality store concepts. The company also recently opened its first True Runner speciality store in its hometown of Pittsburgh.

HOFFMAN ESTATES, Ill. — Kmart is kicking it old school this back-to-school season with its latest viral ad campaign, which features “yo momma” jokes. The campaign follows closely on the heels of the retailer’s similarly irreverent "Ship My Pants" and "Big Gas Savings" campaigns.

New York -- Muscle Maker Grill has moved from its Eighth Avenue Manhattan location, which was damaged by Hurricane Sandy, to Seventh Avenue between 16th and 17th Streets in Chelsea, according to Winick Realty Group. The new Muscle Maker will open in late summer or early fall.

Winick represented Muscle Maker, and Duell Management, the landlord, was represented in-house.

More of a mass market future could be in the cards for the Oreck Corporation following acquisition of its assets this week by TTI Group’s Royal Appliance subsidiary, which manufactures well known home improvement and housewares brands.

Oreck filed Chapter 11 bankruptcy earlier this year and this week the United States Bankruptcy Court for the Middle District of Tennessee approved the sale of its assets to Royal Appliance for a little more than $17 million and the assumption of certain debt obligations.

New York -- Forbes reported that CVS has opted not to sell the latest edition of Rolling Stone magazine, which features a photo of “Boston Bomber” Dzhokhar Tsarnaev on its cover.

Boston -- Finard Properties has appointed CBRE-Grossman Retail Advisors as the exclusive leasing agent for the retail, restaurant and entertainment component of the proposed Mohegan Sun Massachusetts destination resort casino in Palmer, Mass.

The $1 billion project will feature two hotels, an aqua entertainment park, casino gaming and branded retail stores and restaurants.

San Francisco -- Although most of the 16 electronics retailers scored by the Electronics TakeBack Coalition received an “F” grade, three companies – Staples, Best Buy and Office Depot – were deemed to have effective recycling programs.

More than half of the retailers failed the Coalition’s assessment, including Walmart, Amazon, Costco, Sam’s Club and Sears.