Corporate Governance

Phoenix -- Cole Real Estate Investments announced the formation of a joint venture with RED Development to focus on future acquisition opportunities, recapitalizations and note purchases in the retail real estate sector. 

Woonsocket, R.I. -- MinuteClinic said Tuesday that it has opened two walk-in medical clinics inside CVS/pharmacy stores in Savannah and Richmond Hill, Ga.

They are the first retail medical clinics to open in the Savannah region and join 31 other MinuteClinic locations in Georgia situated throughout the Atlanta metropolitan area.

Washington -- The National Retail Federation announced that it is pleased with President Obama's efforts to implement three pending Free Trade Agreements. 

Chicago -- Claire's Stores, Inc. said Tuesday that it has named Beatrice Lafon President of the European Division, effective immediately.

In her position as President of Europe, Lafon will lead the continued growth and expansion of the European business, with direct oversight of buying, merchandising and allocation, supply chain, stores, and the overall operations for approximately 1,100 stores across 13 countries.

Lafon will report to Gene Kahn, CEO. 

Atlanta -- First Data Corp. and Associated Bank said Tuesday that the companies have signed a long-term merchant services renewal agreement.

Through the agreement, First Data will continue to provide merchant processing services to the bank’s business clients nationwide, providing them access to a comprehensive line of electronic payment solutions, including acceptance of all major credit cards including PIN and signature-based debit cards, gift cards, customized reporting and electronic check verification services.

SECAUCUS, N.J. — The Children's Place Retail Stores has announced the appointment of Peter Warner as SVP global sourcing, effective immediately. Warner will report to Eric Bauer, COO, and will serve as a member of the company's senior leadership team. He will be responsible for the global sourcing and production functions, technical services and Asian operations.

BENTONVILLE, Ark. — Sam's Club announced that it is offering a 15-week membership for $15 to help consumers take advantage of the retailer's deals for the holiday season. The seasonal membership is available for purchase during regular club hours for a limited time between Oct. 4 and 10, and extends to new advantage and business members. Annual membership fees regularly start at $35 for business and $40 for advantage members.

MINNEAPOLIS — Michael Francis, EVP and CMO of Target, and the person charged with leading the retailer's expansion into Canada, has left the company, Target announced Monday.

“We would like to thank Michael for his many contributions and wish him the best in his future endeavors” said Gregg Steinhafel, chairman, president and CEO.

PLEASANTON, Calif. — Safeway announced that Portland, Ore. has been named "America's Most Natural City." The city earned the title by garnering the most votes on Facebook.  As a result, Portland will receive a donation of $20,000 and 25 picnic tables constructed from the Guinness World Record holder for the World's Longest Picnic Table. 

DODGEVILLE, Wis. — Lands' End has announced the promotion of Tim Martin to COO/CFO, and Chris Kolbe to brand president.  

As the leader of operations and finance for Lands' End, Martin will oversee all aspects of financial planning and inventory management for the brand's global business. He most recently served as SVP, CFO.