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Corporate Governance

  • United Supermarkets purchases Llano Logistics

    Lubbock, Texas -- United Supermarkets has completed a transaction to acquire Llano Logistics. Llano has operated United’s two distribution centers – in Lubbock and Roanoke – since their opening.

    The deal closed May 31 and means Llano, which had been owned by Exel, a subsidiary of Deutsche Post DHL, is now owned by United.

    It is the company’s third subsidiary operation in addition to its 52-store supermarket/ convenience store chain. United purchased R.C. Taylor Distributing in 2007 and added Praters Foods in 2009.

  • Former Hershey exec heads to QVC

    WEST CHESTER, Pa. — QVC, a global leader in video and e-commerce retail, has appointed former Hershey’s executive Ted Jastrzebski as the company’s new CFO. Jastrzebski will oversee QVC's financial operations, and will report to president and CEO Mike George.

  • ABS Partners announces Foot Locker relocation in Manhattan’s SoHo district

    New York -- Following a two-year search, Foot Locker has moved one of its Manhattan locations from 541 Broadway to 440 Broadway in SoHo one block north of Canal Street, according to ABS Partners Real Estate.

    ABS Partners negotiated a 10-year net lease on behalf of Foot Locker for a 9,000-sq.-ft. two-story building plus a lower level.

  • Former Macy’s omnichannel exec returns to Kurt Salmon

    NEW YORK — Former Macy’s executive Michelle Bogan is returning to management consulting firm Kurt Salmon, as a partner in its retail and consumer products group.

    Bogan develops and implements transformational retail strategies, including omnichannel, consumer analytics and localization, and has provided numerous department stores and specialty retailers around the world with her insights and expertise. At Macy's, she led omnichannel strategy and process development for Macy's and Bloomingdale's.

  • Office Depot to sell joint venture in Latin American operation

    Boca Raton, Fla. -- Office Depot has reached an agreement to sell its 50% stake in Office Depot de Mexico S.A. de C.V. to its joint venture partner Grupo Gigante, S.A.B. de C.V. for roughly $690 million in cash.

    Office Depot de Mexico, which was founded in 1994 as a joint partnership between Office Depot and Grupo Gigante, has more than 248 stores throughout Mexico and Central America and more than $1.1 billion in annual sales.

  • Dick’s Sporting Goods opens Petaluma store

    Pittsburgh – Dick’s Sporting Goods is opening a new store in Petaluma, Calif., with a three-day grand opening weekend celebration beginning Friday, June 7. The location be the retailer's 28th store in the state of California and its 523rd nationwide.

    "We're pleased to be opening a new Dick’s Sporting Goods store in Petaluma, which will enable us to better serve the needs of athletes in the community," said Lauren Hobart , chief marketing officer, Dick’s Sporting Goods..

     

  • Wal-Mart launches fresh produce initiative

    Bentonville, Ark. – Wal-Mart is launching an initiative to increase the amount of fresh produce on its shelves. The effort includes buying produce directly from growers for immediate shipment to stores, performing independent weekly fresh produce checks at stores and providing fresh produce training for associates.

  • Food Industry Alliance joins others in USDA Food Waste Challenge

    WASHINGTON, D.C. — The U.S. Department of Agriculture has launched the Food Waste Challenge to encourage people to reduce, recover and recycle food waste. 

    The Food Waste Reduction Alliance, made up of leading food retail, food manufacturing and foodservice companies, issued the following statement:

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