Corporate Governance

Seattle – Starbucks has enacted small increases in the prices of less than one-third of its beverages in select markets. The increases, which average about 1%, affect smaller sizes of brewed coffee, tea, latte and espresso drinks. Larger venti- and grande-sized drinks will not have their prices changed.

SEATTLE — Nordstrom has appointed Intuit president and CEO Brad Smith to the company’s board of directors. 

His addition brings the total number of directors to 12, 9 of whom serve as independent directors. Nordstrom directors serve one-year terms and the company requires annual elections of all board members.

Smith was named president and CEO of Intuit in January 2008, culminating a five-year rise through the company where he led several of its major businesses. 

Annual study tracks cost of building and outftting stores

The cost of building and outfitting stores is on the rise, according to Chain Store Age's 2013 Store Construction and Outfitting Survey.

New York – Barnes & Noble is releasing an updated Nook App for Windows 8 with a new user interface, faster performance and features including highlighting, annotations, dictionary lookup, find in books, improved shop and search functionality, and the ability to sideload ePub and PDF files from local drives.

Seattle – Brad Smith, president and CEO of Intuit Inc., has joined the board of directors of Nordstrom. Smith, who has been with Intuit since 2003, was named president and CEO in 2008. Prior to joining Intuit, Smith held sales, marketing and management roles with companies including ADP, PepsiCo, Seven-Up and Advo. He is also a former director of Yahoo.

Improvements in the housing market that have lifted the fortunes of Home Depot and Lowe’s so far this year extended to leading home goods retailer Bed Bath & Beyond, which reported solid sales growth late Wednesday.

The company produced earnings per share of 93 cents that met analysts’ consensus estimate and fell with the guidance range of 88 cents to 94 cents, on sales that grew 17.8% to slightly more than $2.6 billion. Same store sales rose 3.4% during the first quarter ended June 1, on top of a prior year comp increase of 3%.

Jacksonville, Fla. – Stein Mart has named Jay Stein, its interim CEO since September 2011, as permanent CEO. Stein has been chairman of Stein Mart’s board of directors since 1989 and will remain in that position. He also served as CEO from 1990 to 2001.

Kroger is committing to moving its stores toward the EPA zero waste threshold of 90%, according to its seventh annual sustainability report.

Currently Kroger diverts 58% of its waste from stores and will increase that figure to 65% by the end of this year and 70% by the end of 2015. The retailer also is committing to sourcing 100% certified sustainable palm oil by the end of 2015.