Corporate Governance

NAPERVILLE, Ill. — OfficeMax announced that V. James Marino has been elected to serve on the company's board of directors.

"We are delighted to welcome Jim to the board of OfficeMax," said Rakesh Gangwal, chairman of OfficeMax.  "He brings significant expertise, insight and years of experience as a successful business leader, and we will benefit from having his perspective on the board."

NAPERVILLE, Ill. — Strong results in consumable categories, a little inflation and some Hurricane Irene related sales fueled an 11.5% same-store sales increase and led to a strong overall third-quarter financial performance at Tractor Supply Company.

BOCA RATON, Fla. — Office Depot announced that it has launched a new Android app designed specifically for Office Depot business account customers. The Office Depot Business Solutions mobile application is now available for free download on the Android Market.

BENTONVILLE, Ark. — In honor of Adopt-a-Dog Month in October, Sam's Club announced that it is pledging $20,000 of Simply Right branded pet food, supplies and Sam's Club gift cards to four U.S. animal shelters in need of support following recent natural disasters. The pet food is part of Sam's Club's new proprietary brand Simply Right line of quality and affordable pet care products, available exclusively to Sam's Club members.

NEW YORK — eBay announced that it has joined with designer Jonathan Adler to open The eBay Inspiration Shop, a 24/7 shoppable storefront in New York City showcasing a collection of new, must-have merchandise for the fall season. What makes the store unique, according to eBay is that customers can shop for the featured items using their smartphone.

Under most circumstances, Walmart and Target are like oil and water, but when the issue is fighting retail crime even fierce competitors see the wisdom of coming together to battle a common enemy.

Such is the case with retail theft, and earlier this week the Retail Industry Leaders Association welcomed a select group of senior level asset protection executives, product manufacturers and academic researchers to the 2011 Asset Protection Leaders Council (APLC) meeting in Minneapolis to launch the APLC’s process driven shrink initiative. 

Dollar stores get a lot of the credit for negatively impacting Walmart’s U.S. sales the past few years and it’s no wonder. The big three – Dollar General, Family Dollar and Dollar Tree – have grown rapidly and collectively operate more than 20,000 conveniently located units that offer sharp prices on an expanding assortment of food and consumables.

It looks like there are going to be some unhappy folks in Walmart’s supplier community later today. That’s because there are only a few seats remaining for the Emerging Trends in Retail conference that is organized each fall by the Center for Retail Excellence in the Sam M. Walton College of Business at the University of Arkansas.

Sam’s Club home office last week hosted 50 competitive barbecue teams who traveled to Northwest Arkansas for the final round of competition in the inaugural Sam’s Club National BBQ Tour. The event kicked off back in April when teams battled for a spot in the championship, which was sanctioned by the Kansas City Barbeque Society.

The winner of the event, TippyCanoe BBQ Crew of St. Ansgar, Iowa, received a cash prize of $35,000, while a total of $400,000 in prize money was awarded to teams throughout the course of the tour.

Former Walmart president and CEO Lee Scott was a keynote speaker earlier this week at the National Beer Wholesalers Association’s 74th annual convention and trade show at Ceasar’s Palace in Las Vegas.

Promotional materials billed his appearance as an exciting opportunity to hear about the leadership, innovation and business strategies that led Walmart to be such a successful retailer and noted that Scott would also participate in a candid question and answer forum where distributors would have the opportunity to ask some tough questions.