Supply Chain & Merchandising

San Antonio, Texas -- Steak n Shake said Tuesday it has signed its first international development agreement, which will bring the concept to the Middle East.

Steak n Shake has signed an exclusive area development agreement with the Saleh Bin Lahej Group to open 40 restaurants throughout the United Arab Emirates. This agreement represents the initial expansion of the brand outside the continental United States.

Transplace, Dal-Tile, Whirlpool, Convermex and Werner Co. were recipients of Supply Chain Innovation Award presented recently at the annual meeting of the Council of Supply Chain Management Professionals (CSCMP).

Hoffman Estates, Ill. -- Sears Holdings Corp., which in February announced it would spin off its Hometown and Outlet businesses as a separate publicly traded entity, said Tuesday it expects to receive about $446.5 million in gross proceeds from an offering tied to the spinoffs.

The offering of rights to purchase shares of the spinoff debuted on the Nasdaq under the "SHOSR" ticker symbol in September. According to Sears, the rights offering expired on Monday; preliminary results show that more than 95% of the options were exercised.

Deerfield, Ill. -- Walgreens on Tuesday received the U.S. Environmental Protection Agency's 2012 SmartWay Excellence Award, the organization's highest recognition for demonstrated leadership in supply chain goods movement. The award — recognizing Walgreens as an industry leader in freight supply chain efficiency, performance and environmental sustainability — was announced at the American Trucking Associations Annual Management Conference and Exhibition in Las Vegas.

Rockford, Mich. -- Wolverine Worldwide said Tuesday it will complete its previously announced acquisition of Collective Brands' Performance + Lifestyle Group, which consists of the Sperry Top-Sider, Saucony, Stride Rite and Keds brands, for $1.24 billion.

The banners will become Wolverine’s largest operating group, adding more than $1 billion in revenue to Wolverine’s existing stable of brands such as Merrell and Hush Puppies.

CINCINNATI — Speaking at Procter & Gamble's annual meeting, chairman, president and CEO, Bob McDonald ensured investors that the company is executing on its growth and productivity plan to enhance performance and drive shareholder value.

Mooresville, N.C. -- The U.S. Environmental Protection Agency has awarded Lowe’s Cos. the highest honors for industry leadership in its WaterSense and SmartWay programs.

Lowe’s received the 2012 SmartWay Excellence Award for its environmental performance in the freight transportation industry. Last week, the EPA named Lowe’s the 2012 WaterSense Retailer Partner of the Year for its efforts to educate consumers about water-efficient products and practices.

Bentonville, Ark. -- Wal-Mart Stores said Tuesday it is testing same-day delivery service in four markets over the holiday shopping season.

The service is being tested in northern Virginia, Philadelphia, Minneapolis and San Francisco/San Jose, Calif. Geared toward customers who buy popular items online during the holidays, the test includes about 5,000 items and builds on a same-day grocery delivery service the retailer launched in San Jose in April 2010 and tested in San Francisco in 2011.