Corporate Governance

Irvine, Calif. -- Pet retailer Passionate Pets said Thursday it has named Keith Martin, former senior VP operations at Petco, to its board of directors.

The company also named Todd Peterson, CPA at KSNE2 Enterprises, to the board.

The company is preparing for an IPO and, according to its president and CEO John Dunn, who worked with Martin at both Petco and Office Depot, the pair is expected to help lead Passionate Pet through the IPO stage.
 

Union N.J. -- Bed Bath & Beyond reported Thursday that net income for the quarter ended Aug. 27 rose 26% to $229.4 million, amid improved sales and contained costs. Sales for the quarter rose 8.3% to $2.3 billion, and same-store sales increased 5.6%.

New York City -- Express said Thursday that it has opened its first Canadian location, a 10,000-sq.-ft. store at Fairview Mall in Toronto.

The retailer said it plans to open a total six stores in Canada by the end of 2011, and an additional 50 stores across the country over the next five years.

In November, Express will have three locations opening in Calgary at Southcentre, Chinook Centre and Market Mall as well as an additional store in Toronto at Square One.

When Quincy, Mass.’s new downtown shopping district is officially unveiled, the City will host some of America’s premier retail destinations — thanks to a first-of-its kind joint venture between Street-Works Development and National Realty and Development Corp., based in Purchase, N.Y.

The partnership was announced on Sept. 21 by the City of Quincy, Street-Works and NRDC.

COLUMBUS, Ohio — Express announced Wednesday that it has promoted Matthew Moellering to the position of COO and appointed D. Paul Dascoli as CFO.  Moellering was previously chief administration officer and CFO.  

Prior to Moellering's role as chief administration officer and CFO, he held a number of senior finance positions including CFO since he joined Express in 2006. Before joining Express, he served in various financial positions with Limited Brands and Procter & Gamble. Prior to that, he was an officer in the United States Army.

NEW YORK — Teen retailer Aeropostale announced that it is expanded its reach to international consumers. Through a partnership with FiftyOne Global Ecommerce, consumers in more than 90 countries worldwide can now purchase directly from Aeropostale.com.

CONSHOHOCKEN, Pa. — Ikea demonstrated the retail industry's commitment to the environment and sustainability by taking part in Climate Week, which is taking place in New York City this week. Ikea U.S. president Mike Ward was part of a 6-person sustainability panel held at 7 World Trade Center on Sept 19. Others on the panel included NYC mayor Michael Bloomberg and former British prime minister Tony Blair.

NEW YORK — RadioShack, which already offers the Amazon Kindle, has expanded its e-reader offerings with the addition of the Nook from Barnes & Noble. The company announced Wednesday that it will offer Barnes & Noble's Nook e-reading devices and related accessories to more than 3,000 RadioShack stores nationwide and online at radioshack.com, beginning Oct. 3. 

NEW YORK — Walmart took the next step in its goal to help build women's economic empowerment by announcing the launch of a dedicated page on Walmart.com that will feature an assortment of products created by women in nearly two dozen countries, including women who work in cooperatives and own small businesses. The site, which the company expects to be available in spring 2012, will feature such products as jewelry from Guatemala, Thailand and Ethiopia; coffee from Central and South America; and dresses from Kenya.

CHICAGO — Walgreens is looking to roll out solar installations at its Ohio-area stores, thanks to a new partnership with a Chicago-based solar developer.

The retailer said that it selected SoCore Energy to provide 90 solar installations for the Ohio-based stores. The partnership began earlier this month with the construction of 20 solar installations at Walgreens stores in Cincinnati. Walgreens and SoCore Energy said that the first 53 solar installations is slated to be completed by Nov. 11.