US Foods announces the appointment of Harvard Business School professor Sunil Gupta to the Board of Directors

ROSEMONT, Ill., 2018-Mar-08 — /EPR Retail News/ — US Foods Holding Corp. (NYSE: USFD) announced today (March 06, 2018) that Sunil Gupta, the Edward W. Carter Professor of Business Administration at Harvard Business School, has been appointed to the Board of Directors effective March 1, 2018.

“Sunil is among the most sought-after experts in how technology is shaping business strategies in the digital era,” said Pietro Satriano, Chairman and Chief Executive Officer of US Foods. “His experience working with companies across a variety of industries, in addition to the breadth and depth of his marketing insight, will bring a unique expertise to our board.”

“We’re excited to welcome Sunil to the board as an independent director,” said Robert Dutkowsky, Chairman of the Nominating and Corporate Governance Committee. “His leadership in digital strategy and marketing will be a tremendous asset.”

Gupta joined Harvard Business School in 2006. He has served as the Chair of the General Management Program for senior executives, Co-Chair of the Driving Digital Strategy executive program since 2013, and served as the Chair of the Marketing department from 2008 to 2013. He is the author of the forthcoming book, Driving Digital Strategy: A Guide to Reimagining Your Business.

Before joining Harvard Business School, Gupta held positions at the Columbia University Graduate School of Business, including serving as the Meyer Feldberg Professor of Business. He’s served on the advisory boards of several startups, as well as the board of the American Marketing Association.

He received his Bachelor of Technology in Mechanical Engineering from the Indian Institute of Technology, a Master of Business Administration from the Indian Institute of Management, and holds a doctorate in marketing from Columbia University.

About US Foods

US Foods is one of America’s great food companies and a leading foodservice distributor, partnering with approximately 250,000 restaurants and foodservice operators to help their businesses succeed. With 25,000 employees and more than 60 locations, US Foods provides its customers with a broad and innovative food offering and a comprehensive suite of e-commerce, technology and business solutions. US Foods is headquartered in Rosemont, Ill. and generates approximately $24 billion in annual revenue. Visit usfoods.com to learn more.

Contact:
Sara Matheu
Director of Media Relations
(847) 720-2392
Sara.Matheu@usfoods.com

Source: US Foods Holding Corp.

CarMax elects Peter Bensen and Robert Hombach to its board of directors

CarMax elects Peter Bensen and Robert Hombach to its board of directors

 

RICHMOND, Va., 2018-Feb-07 — /EPR Retail News/ — CarMax, Inc. (NYSE:KMX) today (February 02, 2018) announced that its board of directors has elected Peter Bensen and Robert Hombach to membership on the board effective April 1. Bensen and Hombach will both serve on the Audit Committee.

Bensen, 55, retired from McDonald’s Corporation in 2016 as its chief administrative officer. During his 20-year tenure he held various leadership positions including executive vice president and chief financial officer. Before joining McDonald’s in 1996, Bensen was a senior manager at Ernst & Young LLP.

Hombach, 51, is the retired executive vice president, chief financial officer and chief operations officer of Baxalta, a biopharmaceutical company spun off from its parent, Baxter, in 2015. Hombach began his career at Baxter, a global healthcare company, in 1989 and served in several roles there, including chief financial officer and treasurer.

“We are pleased to welcome Pete and Bob to the CarMax board,” said Bill Nash, chief executive officer of CarMax. “Their considerable executive leadership and operational experience, as well as their deep financial knowledge, will make them both highly valuable additions to our board.”

In addition, two board members have announced plans to retire from the CarMaxboard. Jeff Garten, Dean Emeritus, Yale School of Management, has announced his intention to retire from the board at the company annual meeting on June 26, 2018. Garten has served on the board since 2002. John Standley, chairman and chief executive officer of Rite Aid Corporation, is retiring from the board effective January 29, 2018 due to other business demands. Standley joined the board in 2016.

“I want to thank both Jeff and John for their service to our board,” Nash said. “Both have contributed to CarMax during their tenure, with Jeff serving as one of our original board members.”

About CarMax

CarMax is the nation’s largest retailer of used cars and operates more than 185 stores in 40 states nationwide. CarMax revolutionized the auto industry by delivering the honest, transparent and high-integrity car buying experience customers want and deserve. For nearly 25 years, CarMax has made car buying more ethical, fair and stress-free by offering a no-haggle, no-hassle experience and an incredible selection of vehicles. CarMax makes selling your car easy too, by offering no-obligation appraisals good for seven days. At CarMax, we’ll buy your car even if you don’t buy ours®. CarMax has more than 24,000 associates nationwide and for 13 consecutive years has been named as one of the FORTUNE 100 Best Companies to Work For®. During the 12 months ending February 28, 2017, the company retailed 671,294 used cars and sold 391,686 wholesale vehicles at its in-store auctions. For more information, access the CarMax website at www.carmax.com.

Contact:
Investors:
Katharine Kenny
Vice President
Investor Relations
(804) 935-4591

Celeste Gunter
Manager
Investor Relations
(804) 935-4597

Media:

pr@carmax.com
(855) 887-2915

Source: CarMax, Inc.

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Xcel Brands appoints Deborah Weinswig to its board of directors

NEW YORK, 2018-Jan-29 — /EPR Retail News/ — Xcel Brands, Inc. (NASDAQ:XELB) announced today (Jan. 25, 2018) the appointment of Deborah Weinswig to its board of directors. A leading global retail analyst, Weinswig is the Managing Director of FGRT (Fung Global Retail & Technology), the think tank for the Hong Kong-based Fung Group.

Robert D’Loren, Chairman and Chief Executive Officer of Xcel Brands, Inc. said, “We are thrilled to add Deborah to our board of directors. She is a highly respected innovator in retail and technology and brings deep expertise and thought leadership to our organization. I look forward to working together to drive change and develop new solutions for today’s retail challenges.”

As Managing Director of FGRT, Weinswig built the team’s research capabilities and provided insights into the advanced technologies that are changing the global retail industry. Earlier, Weinswig served as Head of the Global Staples & Consumer Discretionary Team at Citi Research. She was ranked as the #1 analyst by Institutional Investor for 9 consecutive years, and in 2012 was named one of Business Insider’s “36 Best Analysts on Wall Street.”

“It is exciting to be joining the board of Xcel Brands, a company I have long admired for its bold leadership in disrupting the retail environment,” commented Weinswig. “The combined forces of Xcel’s senior executive team and board of directors will continue to leverage breakthrough technologies that expand the business and create greater value to shareholders, retail partners, and consumers.”

Weinswig is a member of the advisory board of numerous accelerators including Alchemist Accelerator, where she serves as faculty mentor; The Cage, a Hong Kong–based accelerator powered by The Lane Crawford Joyce Group; Entrepreneurs Roundtable Accelerator; Grand Central Tech; New York Fashion Tech Lab; Plug and Play; Revtech Accelerator; Techstars; TrueStart (UK); and XRC Labs. Weinswig also serves as an advisor to companies such as Eventable, Enterworks, Fashwire, LincGlobal, Nanopay, Rich Receipts, Smartzer, Tooso, SupplyAI, TigerTrade, and TRIVVER.

Weinswig was named among the top five retail influencers of 2018 and 2017 by Vend, the cloud-based point-of-sale and retail platform, and is a recipient of the Asia Retail Congress’s Retail Leadership Award.
In addition, she serves as an e-commerce expert for the International Council of Shopping Centers’ (ICSC’s) Research Task Force and was a founding member of the Oracle Retail Industry Strategy Council. She is a member of the board of directors of Kiabi (affiliated with the Auchan Group); an executive board member of The Terry J. Lundgren Center for Retailing at the University of Arizona; and an advisory board member of the World Retail Congress and a founding member of the Goodwill Retail Advisory Council.  She also serves on the boards of numerous philanthropic organizations, including GoodXChange and Street Soccer USA.

Ms. Weinswig’s appointment to Xcel’s board fills a vacancy following the retirement of Edward Jones.  In accordance with Xcel’s board procedures, Ms. Weinswig will be a candidate for re-election to the board at the company’s annual meeting of stockholders.

About Xcel Brands (www.xcelbrands.com)
Xcel Brands, Inc. (NASDAQ:XELB) is a media and consumer products company engaged in the design, production, licensing, marketing and direct-to-consumer sales of branded apparel, footwear, accessories, jewelry, home goods, and other consumer products, and the acquisition of dynamic consumer lifestyle brands. Xcel was founded by Robert W. D’Loren in 2011 with a vision to reimagine shopping, entertainment and social as one. Xcel owns and manages the Isaac Mizrahi, Judith Ripka, H Halston, C. Wonder and Highline Collective brands, pioneering an omnichannel sales strategy which includes the promotion and sale of products under its brands through direct-response television, internet, brick and mortar retail, and e-commerce channels. Headquartered in New York City, Xcel Brands is led by an executive team with significant technology, design, merchandising, production, marketing, retailing, and licensing experience and a proven track record of success in elevating branded consumer products companies. With a team of over 100 professionals focused on design, production, and digital marketing, Xcel maintains control of product quality and promotion across all of its product categories and distribution channels. The total lifetime retail sales of its brands exceed $7.5 billion.

Contact:
Stephanie Taylor
347-727-2483
staylor@xcelbrands.com

Source: Xcel Brands, Inc/globenewswire

NCR elects Deborah A. Farrington to its Board of Directors

Duluth, Ga., 2017-Nov-28 — /EPR Retail News/ — NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, today (November 27, 2017) announced that its Board of Directors has elected Deborah A. Farrington, co-founder and general partner of StarVest Partners, L.P. and president of StarVest Management, Inc. to the company’s board.

StarVest Partners, L.P. is a venture capital firm focused on technology-enabled business services investments that was founded in New York City in 1999. StarVest Partners was an early investor in software-as-a-service (SaaS), having invested in NetSuite Inc., a leading SaaS enterprise resource planning (ERP) company, as the first venture investor in 2000. Ms. Farrington was lead director and chairman of the compensation committee of NetSuite from its initial public offering in 2007 to its acquisition by Oracle in November 2016.  She is a director and chairman of the compensation committee of Collectors Universe, Inc. (NASDAQ: CLTC).  Representing StarVest, she serves as a board member for a number of portfolio companies in the SaaS, fintech, human capital and data and analytics sectors.  She has been named to the Forbes Midas 100 List of top venture capitalists multiple times.

Earlier in her career she was an investment banker, securities analyst and manager with Merrill Lynch & Co. in New York, Hong Kong and Tokyo, and she also worked at Chase Manhattan Bank. A graduate of Smith College, where she is a member of the Board of Trustees, Ms. Farrington earned an MBA from the Harvard Business School, where she served on the Visiting Committee.

“We welcome Deborah to our board,” said Bill Nuti, chairman and CEO, NCR Corporation. “Deborah comes to our board with a valuable history in Financial Services and experience investing in high-quality software companies, and she participates on numerous high-growth software/SaaS company boards, including experience as Lead Director for NetSuite. She is another great asset to our board and she will continue to help NCR transform its business model.“

In accordance with NCR’s declassified board procedures, Ms. Farrington will be a candidate for re-election to the board at the company’s 2018 annual meeting of stockholders.

About NCR Corporation

NCR Corporation (NYSE: NCR) is a leader in omni-channel solutions, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables nearly 700 million transactions daily across the financial, retail, hospitality, travel, telecom and technology industries. NCR solutions run the everyday transactions that make your life easier. NCR is headquartered in Duluth, Ga., with about 30,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries. NCR encourages investors to visit its website which is updated regularly with financial and other important information about NCR.

Website: www.ncr.com
Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: www.linkedin.com/company/ncr-corporation
YouTube: www.youtube.com/user/ncrcorporation

NCR Investor Contact:
Michael Nelson
NCR Corporation
678-808-6995
michael.nelson@ncr.com

NCR Media Contact:
Scott Sykes
NCR Corporation
212-589-8428
scott.sykes@ncr.com

Source: NCR Corporation

Gap Inc. elects Chris O’Neill to its board of directors

EVERNOTE CEO BRINGS MORE THAN A DECADE OF LEADERSHIP EXPERIENCE FROM TOP TECH FIRMS

San Francisco, CA, 2017-Nov-17 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) today (November 14, 2017) announced that Chris O’Neill has been elected to serve on the Gap Inc. board of directors, effective February 4, 2018.

Mr. O’Neill, 44, is currently chief executive officer of Evernote Corporation. Since joining the company in 2015, Mr. O’Neill has overseen the increase of Evernote’s base to over 220 million users globally and established strong financial and operational foundations to sustain Evernote’s future growth. Tasked with leading Evernote through its next stage, Mr. O’Neill is focused on delivering product innovation and continuing Evernote’s global expansion.

Prior to joining Evernote, Mr. O’Neill spent 10 years in numerous leadership roles with Google, including Google [x], the company’s experimental research and development organization. Mr. O’Neill is also credited for his work as Managing Director of Google Canada where he doubled the Canadian business in just under three years.

“Chris is a proven leader in the technology industry and brings a wealth of knowledge, experience, and creativity to our board of directors,” said Bob Fisher, chairman of the board, Gap Inc. “His expertise will be a great asset to the company as we enter our next phase of growth.”

In addition to being a member of Gap Inc.’s board of directors, Mr. O’Neill previously served on the boards of Tim Hortons and Shop.org, the National Retail Federation’s digital division.

“Gap Inc. has had a profound impact on the retail industry,” said Mr. O’Neill. “I’m honored to join Gap Inc.’s board of directors and help the company as it evolves and focuses on its balanced growth strategy.”

Mr. O’Neill holds a Bachelor of Arts (Economics) from University of Western Ontario and a Master of Business Administration from Dartmouth College.

About Gap Inc.

Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, Intermix, and Weddington Way brands. Fiscal year 2016 net sales were $15.5 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,200 company-operated stores, about 450 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

MEDIA CONTACT:
press@gap.com

SOURCE: Gap Inc.

Tractor Supply Company announces the appointment of Thomas A. Kingsbury to its Board of Directors

BRENTWOOD, Tenn., 2017-Nov-08 — /EPR Retail News/ — Tractor Supply Company (NASDAQ:TSCO), the largest rural lifestyle retail store chain in the United States, today (Nov. 06, 2017)  announced that Thomas A. Kingsbury has been appointed to the Company’s Board of Directors.

Mr. Kingsbury brings a wealth of knowledge and CEO leadership experience to the Tractor Supply Board, having worked in the retail industry for more than 40 years. He has served as a senior executive with several leading retailers, including Kohl’s Corporation and The May Department Stores Company. Mr. Kingsbury has served as President and Chief Executive Officer and a member of the Board of Directors of Burlington Stores, Inc. since December 2008, and he was appointed Chairman of the Board of Directors for Burlington Stores, Inc. in May 2014.

“We are thrilled to welcome Tom to our Board of Directors,” said Cynthia Jamison, Tractor Supply Company’s Chairman of the Board. “Tom is a talented leader with a pulse on consumer behavior and purchasing patterns, as well as an expert in merchandising strategies that drive market share growth and margin improvement. As we continue to focus on linking our physical and digital storefronts into one seamless shopping environment through the ONETractor initiative, we look forward to the contributions Tom will bring to the Company.”

Mr. Kingsbury commented, “Tractor Supply has an extremely authentic brand with a proven store growth strategy, unique merchandising assortments, and knowledgeable team members that have made them the leading authority in the rural lifestyle segment. I’m excited to be joining the Company’s Board as Tractor Supply continues to implement strategic initiatives to enhance shareholder value.”

Prior to serving as President, Chief Executive Officer and Chairman of Burlington Stores, Inc., Mr. Kingsbury served as Senior Executive Vice President of Information Services, E-Commerce, Marketing and Business Development of Kohl’s Corporation from August 2006 to December 2008. Prior to 2006, Mr. Kingsbury served in various management positions with The May Department Stores Company, an operator of department store chains, commencing in 1976 and as President and Chief Executive Officer of the Filene’s division since February 2000.

About Tractor Supply Company
Founded in 1938, Tractor Supply Company is the largest rural lifestyle retail store chain in the United States. At September 30, 2017, the Company operated 1,665 Tractor Supply stores in 49 states and an e-commerce website at www.tractorsupply.com. Tractor Supply stores are focused on supplying the lifestyle needs of recreational farmers and ranchers and others who enjoy the rural lifestyle, as well as tradesmen and small businesses.  Stores are located primarily in towns outlying major metropolitan markets and in rural communities.  The Company offers the following comprehensive selection of merchandise: (1) equine, livestock, pet and small animal products, including items necessary for their health, care, growth and containment; (2) hardware, truck, towing and tool products; (3) seasonal products, including heating, lawn and garden items, power equipment, gifts and toys; (4) work/recreational clothing and footwear; and (5) maintenance products for agricultural and rural use.

Tractor Supply Company also owns and operates Petsense, a small-box pet specialty supply retailer focused on meeting the needs of pet owners, primarily in small and mid-size communities, and offering a variety of pet products and services.  At September 30, 2017, the Company operated 162 Petsense stores in 26 states.  For more information on Petsense, visit www.petsense.com.

Contact:
Kurt Barton
Chief Financial Officer

Beth Thompson
Manager
Investor Relations and Corporate Communications
(615) 440-4000

Investors:
John Rouleau/Rachel Schacter

Media:
Alecia Pulman/Brittany Rae Fraser
ICR
(203) 682-8200

Source: Tractor Supply Company/globenewswire

Sprouts Farmers Market welcomes Joseph (Joe) O’Leary to its board of directors

PHOENIX, 2017-Nov-01 — /EPR Retail News/ — Sprouts Farmers Market, Inc. (Nasdaq:SFM) today ( Oct. 30, 2017) announced the addition of Joseph (Joe) O’Leary to its board of directors.

“We are excited to welcome a seasoned executive like Joe O’Leary to our board,” said Amin Maredia, chief executive officer and a director of Sprouts Farmers Market. “Joe’s strategic acumen and deep merchandising and supply chain experience with successful growth-oriented retailers will be a great asset to our company and our board.”

O’Leary currently serves on the board of directors of Francesca’s Holding Corp. (Nasdaq:FRAN), a growing specialty retailer which operates a nationwide-chain of boutiques, and PetSmart, Inc., the largest specialty pet retailer of services and solutions for the lifetime needs of pets. O’Leary previously served in various executive leadership roles with PetSmart, including most recently as president and chief operating officer, as well as executive vice president of merchandising, marketing, supply chain and strategic planning. Before joining PetSmart, O’Leary served as chief operating officer of Human Touch, LLC, and senior vice president, supply chain strategy and global logistics of Gap Inc.

“Sprouts has become a leader in its industry by making healthy living easy and affordable,” said O’Leary. “This is an exciting time to join Sprouts, and I am thrilled to work with the board and management team to help lead the company on the journey ahead.”

Corporate Profile

Sprouts Farmers Market, Inc. specializes in fresh, natural and organic products at prices that appeal to everyday grocery shoppers. Based on the belief that healthy food should be affordable, Sprouts’ welcoming environment and knowledgeable team members continue to drive its growth. Sprouts offers a complete shopping experience that includes an array of fresh produce in the heart of the store, a deli with prepared entrees and side dishes, The Butcher Shop, The Fish Market, an expansive vitamins and supplements department and more. Headquartered in Phoenix, Arizona, Sprouts employs more than 27,000 team members and operates more than 280 stores in 15 states from coast to coast. For more information, visit sprouts.com or @sproutsfm on Twitter.

Forward-Looking Statements

Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Any statements contained herein that are not statements of historical fact (including, but not limited to, statements to the effect that Sprouts Farmers Market or its management “anticipates,” “plans,” “estimates,” “expects,” or “believes,” or the negative of these terms and other similar expressions) should be considered forward-looking statements. These statements involve certain risks and uncertainties that may cause actual results to differ materially from expectations as of the date of this release. These risks and uncertainties include, without limitation, risks associated with the company’s ability to successfully compete in its intensely competitive industry; the company’s ability to successfully open new stores; the company’s ability to manage its rapid growth; the company’s ability to maintain or improve its operating margins; the company’s ability to identify and react to trends in consumer preferences; product supply disruptions; general economic conditions; and other factors as set forth from time to time in the company’s Securities and Exchange Commission filings, including, without limitation, the company’s Annual Report on Form 10-K. The company intends these forward-looking statements to speak only as of the time of this release and does not undertake to update or revise them as more information becomes available, except as required by law.

Investor Contact:
Susannah Livingston
(602) 682-1584
susannahlivingston@sprouts.com

Media Contact:
Donna Egan
(602) 682-3152
media@sprouts.com

Source: Sprouts Farmers Market

Sears Holdings announces that Bruce R. Berkowitz to step down from its board of directors

HOFFMAN ESTATES, Ill., 2017-Oct-18 — /EPR Retail News/ — Sears Holdings Corporation (NASDAQ: SHLD) today (Oct. 16, 2017) announced that Bruce R. Berkowitz has decided to step down from the company’s board of directors, effective October 31, 2017. Mr. Berkowitz joined the board of Sears Holdings in February 2016.

“On behalf of the board of directors and management, I want to thank Bruce for his long-term commitment and investment in Sears Holdings. His leadership, guidance and counsel as a board member have been invaluable to our company,” said Edward S. Lampert, Chairman and CEO of Sears Holdings.

“It has been a pleasure to serve on the board of Sears Holdings and work closely with Eddie and the rest of the leadership team. I wish the company and its associates all the best as Sears Holdings continues to execute on its strategic priorities,” said Mr. Berkowitz.

Mr. Berkowitz serves as the Chief Investment Officer of Fairholme Capital Management, LLC, an investment adviser registered with the SEC, and is the President and a Director of Fairholme Funds, Inc., a SEC-registered investment company.

About Sears Holdings Corporation
Sears Holdings Corporation (NASDAQ: SHLD) is a leading integrated retailer focused on seamlessly connecting the digital and physical shopping experiences to serve our members – wherever, whenever and however they want to shop. Sears Holdings is home to Shop Your Way®, a social shopping platform offering members rewards for shopping at Sears and Kmart, as well as with other retail partners across categories important to them. The Company operates through its subsidiaries, including Sears, Roebuck and Co. and Kmart Corporation, with full-line and specialty retail stores across the United States. For more information, visit www.searsholdings.com.

NEWS MEDIA CONTACT:
Sears Holdings Public Relations
(847) 286-8371

SOURCE: Sears Holdings Corporation

eBay welcomes Adriane Brown and Diana Farrell to its board of directors

eBay welcomes Adriane Brown and Diana Farrell to its board of directors

 

New directors bring additional leadership, strategy and policy expertise to eBay’s Board.

San Jose, CA, 2017-Sep-21 — /EPR Retail News/ — eBay Inc. (NASDAQ: EBAY), a global commerce leader, has appointed Adriane Brown and Diana Farrell to its board of directors.

“eBay has a world-class board of directors with a broad and diverse range of experience and backgrounds. Adriane and Diana are each remarkable individuals, and they will bring additional leadership, strategy and policy expertise in a variety of sectors to eBay’s Board. I look forward to benefiting from their insights and perspectives as we position eBay to continue to be a leading global technology and commerce platform,” said Devin Wenig, President and CEO of eBay.

Ms. Brown currently is an advisor with Intellectual Ventures, LLC, where she previously served as President and Chief Operating Officer. Before that, she held a number of roles at Honeywell International, Inc., including Senior Vice President, Energy Strategy, and President and Chief Executive Officer, Honeywell Transportation Systems. Prior to that, she spent nearly 20 years at Corning, Inc., where she began her career as a shift supervisor, rising to the position of Vice President and General Manager of Corning’s Environmental Products Division. She currently serves on the Board of Directors for Allergan PLC. Ms. Brown earned a B.S. in Environmental Health from Old Dominion University and an M.S. in Management from the Massachusetts Institute of Technology.

Ms. Farrell is the Founding President and Chief Executive Officer at JPMorgan Chase Institute, a global think tank. Prior to JPMorgan, and over the course of her career, she held a variety of roles at McKinsey & Company, Inc., serving as the Director and Global Head of the McKinsey Center for Government, Global Head and Director of the McKinsey Global Institute and Partner and Leader of the Global Financial Institutions and Strategy Practices, among other positions. Ms. Farrell also served as the Deputy Director of the National Economic Council and the Deputy Economic Advisor to the President under the Obama Administration. She began her career at Goldman Sachs. Ms. Farrell is a member of the Board of Trustees at Wesleyan University, the Urban Institute and the Trilateral Commission.  She earned a B.A. in the College of Social Studies and in Economics from Wesleyan University and an M.B.A. from Harvard Business School.

About eBay

eBay Inc. (NASDAQ: EBAY) is a global commerce leader including the Marketplace, StubHub and Classifieds platforms. Collectively, we connect millions of buyers and sellers around the world, empowering people and creating opportunity through Connected Commerce. Founded in 1995 in San Jose, Calif., eBay is one of the world’s largest and most vibrant marketplaces for discovering great value and unique selection. In 2016, eBay enabled $84 billion of gross merchandise volume. For more information about the company and its global portfolio of online brands, visit www.ebayinc.com.

Contact:
(408) 376-7400
press@ ebay.com

Source: eBay

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The Bon-Ton Stores elects William Tracy to its Board of Directors

MILWAUKEE, 2017-Aug-28 — /EPR Retail News/ — The Bon-Ton Stores, Inc. (NASDAQ:BONT) today (August 25, 2017) announced its Board of Directors has elected William Tracy to its Board, effective August 25, 2017.  Mr. Tracy will also begin his role of President and Chief Executive Officer of The Bon-Ton Stores, Inc. on August 25 after serving as the company’s Chief Operating Officer of Bon-Ton since July 2015.

Debra Simon, Chairman of the Board, commented, “I am very pleased to welcome Bill as a member of our Board of Directors and I congratulate him on his new role as President and Chief Executive Officer of The Bon-Ton Stores, Inc.  Bill is a proven leader with more than 40 years of retail experience, and we look forward to working with him on Bon-Ton’s strategic initiatives for our long term success.”

Mr. Tracy previously held various management positions at Hudson’s Bay Company, including Executive Vice President of Supply Chain, Logistics & Omni Channel Fulfillment, and Global Sourcing. Prior to that, he served as Executive Vice President of Supply Chain, Omni Channel Fulfillment & Information Services.   He has also held the position of Chief Operating Officer at both Fortunoff Brands LLC and Nine West Corporation, and has served in various senior leadership positions at Lord & Taylor and Abraham & Straus Department Stores.

Mr. Tracy said, “I am excited about the board appointment and for the opportunity to lead Bon-Ton to success.  We have a strong team in place and I look forward to continuing to drive Bon-Ton forward as we execute our growth and profit improvement strategies to improve the business and enhance shareholder value.”

About The Bon-Ton Stores, Inc.

The Bon-Ton Stores, Inc., with corporate headquarters in York, Pennsylvania and Milwaukee, Wisconsin, operates 260 stores, which includes 9 furniture galleries and four clearance centers, in 24 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers nameplates. The stores offer a broad assortment of national and private brand fashion apparel and accessories for women, men and children, as well as cosmetics and home furnishings. The Bon-Ton Stores, Inc. is an active and positive participant in the communities it serves. ?For further information, please visit http://investors.bonton.com.

MEDIA CONTACT:
Christine Hojnacki
The Bon-Ton Stores, Inc.
414.347.5329
Christine.hojnacki@bonton.com

Source: The Bon-Ton Stores, Inc./globenewswire

L Brands, Inc. appoints Patricia S. Bellinger and Robert H. Schottenstein to its Board of Directors

COLUMBUS, Ohio, 2017-Aug-23 — /EPR Retail News/ — Today (Aug. 22, 2017) L Brands, Inc. (NYSE:LB) announced the appointment of Patricia S. Bellinger and Robert H. Schottenstein to its Board of Directors.

Bellinger is an Adjunct Lecturer and Research Fellow at the Harvard Kennedy School .  She is an internationally recognized expert on diversity, inclusion and leadership development and serves on the boards of Pattern Energy Group, Inc. (NASDAQ:PEGI), Sodexo SA (EPA:SW) and Sonepar Group .

Schottenstein is Chairman and CEO of M/I Homes, Inc. (NYSE:MHO), one of the largest homebuilders in the United States , and serves on the board of Installed Building Products, Inc.(NYSE:IBP).

“Both Patti Bellinger and Bob Schottenstein are business leaders who have built their careers through elevating others and delivering performance – principles that drive our business,” said Leslie H. Wexner , chairman and chief executive officer of L Brands .  “I’m excited that they are joining the L Brands board to help us continue to grow as we always strive to get better.”

The company also announced the retirement of Jeffrey H. Miro from the board of directors.  Miro, who served on the L Brands board since 2006, is a Partner at Honigman Miller Schwartz and Cohn.

“Jeffrey’s decade of service on the L Brands board brought a level of sophistication to our thinking – particularly around corporate governance and real estate,” said Wexner.  “I’ve always believed that his wise counsel was important to our enterprise.  We greatly appreciate his service.”

ABOUT L BRANDS :

L Brands , through Victoria’s Secret, PINK, Bath & Body Works, La Senza and Henri Bendel, is an international company.  The company operates 3,077 company-owned specialty stores in the United States, Canada, the United Kingdom and Greater China, and its brands are sold in more than 750 additional franchised locations worldwide.  The company’s products are also available online at www.VictoriasSecret.comwww.BathandBodyWorks.comwww.HenriBendel.com and www.LaSenza.com.

For further information, please contact:
L Brands: Communications
Tammy Roberts Myers
(614) 415-7072
communications@lb.com

Investor Relations:
Amie Preston
(614) 415-6704
apreston@lb.com

Source: L Brands Inc./globenewswire

JCPenney elects Wonya Lucas to its board of directors

JCPenney elects Wonya Lucas to its board of directors

 

PLANO, Texas, 2017-Aug-21 — /EPR Retail News/ — J. C. Penney Company, Inc. (NYSE: JCP) today (Aug. 17, 2017) announced the election of Wonya Lucas, president and chief executive officer of Public Broadcasting Atlanta, to its board of directors. Highly regarded for her mass communications and broadcasting leadership, Lucas has vast knowledge in how media strategy, digital content, marketing and distribution drive consumer behavior.

“Wonya has an impressive background that spans brand management and corporate and media strategy, and has been responsible for creating some of television’s most highly acclaimed viewer programming,” said Marvin R. Ellison, chairman and chief executive officer of JCPenney. “Her distinguished background brings tremendous value to our board as JCPenney continues to build mindshare in a media landscape saturated with news and information.”

Before her leadership position with Public Broadcasting Atlanta, which includes NPR station WABE, and Atlanta’s PBS station, PBA, Lucas was president and chief executive officer for TV One, where she was responsible for all strategic decisions and daily operations. Prior to joining TV One, Lucas held several positions at Discovery Communications, including executive vice president and chief operating officer for Discovery Channel and Science Channel and global chief marketing officer with responsibility for marketing in 210 countries and over 130 networks. While at Discovery, Lucas helped launch Investigation Discovery (ID), HUB and OWN networks.

Prior to joining Discovery Communications in 2008, Lucas served as general and manager and executive vice president of The Weather Channel Networks, where she was responsible for daily operations, programming development, corporate strategy and development, strategic marketing for The Weather Channel and weather.com. Before joining The Weather Channel in 2002 as executive vice president of marketing, Lucas held several positions at Turner Broadcasting, including senior vice president of strategic marketing for cnn.com and CNN Networks Worldwide, vice president of business operations and network development for Turner Entertainment and vice president of entertainment marketing for TNT. Her other experience includes brand management roles for The Coca-Cola Company and The Clorox Company.

“What drew me to the JCPenney Board is the Company’s sense of community and the trust it has earned from millions of families who count on JCPenney for quality and value,” said Lucas. “I feel honored to be supporting the Company at a time when building brand relevance and competitive differentiation are more important than ever.”

Lucas holds a B.S. degree in industrial and systems engineering from the Georgia Institute of Technology, and an MBA in finance and marketing from The Wharton School at the University of Pennsylvania.

About JCPenney:
J. C. Penney Company, Inc. (NYSE: JCP), one of the nation’s largest apparel and home furnishings retailers, combines an expansive footprint of approximately 875 stores across the United States and Puerto Rico with a powerful e-commerce site, jcp.com, to connect with shoppers how, when and where they prefer to shop. At every customer touchpoint, she will get her Penney’s worth of a broad assortment of products from an extensive portfolio of private, exclusive and national brands. Powering this shopping experience is the customer service and warrior spirit of over 100,000 associates across the globe, all driving toward the Company’s three strategic priorities of strengthening private brands, becoming a world-class omnichannel retailer and increasing revenue per customer. For additional information, please visit jcp.com.

Media Relations:
(972) 431-3400
jcpnews@jcp.com

Investor Relations: 
(972) 431-5500
jcpinvestorrelations@jcpenney.com

Source: J. C. Penney Company, Inc.

###

First Data elects Henrique De Castro to its Board of Directors

NEW YORK, 2017-Jul-27 — /EPR Retail News/ — First Data (NYSE: FDC) announced today (JULY 24, 2017) that its Board of Directors elected technology executive Henrique De Castro as a Director of First Data. The Board has also appointed De Castro to serve as a member of the Risk Committee. De Castro’s election expands First Data’s Board from eight members to nine.

“We are very pleased to have Henrique join First Data’s Board of Directors,” said First Data Chairman and CEO Frank Bisignano. “As First Data continues to innovate and expand its offerings to our millions of business owner clients and thousands of financial institution clients around the world, Henrique’s experience and vast knowledge of the global digital and mobile marketplace will be invaluable assets to our board,” Bisignano added.

De Castro, who has held senior leadership positions at Google Inc., Dell, and McKinsey & Company, most recently served as COO at Yahoo! Inc. While at Google from 2006 to 2012, De Castro served in roles including President of Global Media, Mobile & Platforms and President of Partner Business Worldwide. During his tenure, De Castro helped build the company’s Media, Mobile & Platforms Business into the world’s leading digital business. He also helped launch Google’s Media and Mobile operations in more than 40 countries and was instrumental in several of the company’s largest acquisitions. Earlier in his career, De Castro was Director of Sales and Business Development for Dell in Western Europe and served as a management consultant with McKinsey & Company.

“First Data has made enormous strides over the last several years and is poised for further growth as a world leader in commerce-enabling technology,” said De Castro. “I am honored to join First Data’s Board and work with Frank Bisignano and my colleagues as we help clients around the world grow their business and, in the process, increase shareholder value,” De Castro added.

De Castro also serves on the Board of Directors of Target Corporation and is an advisor to Cantor Fitzgerald. De Castro earned a Bachelor Degree in Business from the Instituto Superior de Economia e Gestão in Lisbon, Portugal and a Master of Business Administration degree from IMD in Lausanne, Switzerland.

About First Data

First Data (NYSE: FDC) is a global leader in commerce-enabling technology and solutions, serving approximately six million business locations and 4,000 financial institutions in more than 100 countries around the world. The company’s 24,000 owner-associates are dedicated to helping companies, from start-ups to the world’s largest corporations, conduct commerce every day by securing and processing more than 2,800 transactions per second and $2.2 trillion per year.

Contacts:

Mark Murphy
Public Relations
212-515-0280
Mark.Murphy@firstdata.com

Peter Poillon
Investor Relations
212-266-3565
Peter.Poillon@firstdata.com

Source: First Data

The Wendy’s Company elects Kristin A. Dolan to its Board of Directors

DUBLIN, Ohio, 2017-Jul-24 — /EPR Retail News/ — The Wendy’s Company (NASDAQ: WEN) today (July 20, 2017) announced that on July 19, 2017, its Board of Directors has increased the size of the Board from 11 to 12 members and elected Kristin A. Dolan to serve as a director of the Company, effective immediately.

Dolan is the founder and has been the Chief Executive Officer of 605 LLC, an audience measurement and data analytics company in the media and entertainment industries, since its inception in November 2016. Prior to founding 605 LLC, Ms. Dolan worked at Cablevision Systems Corporation, a former large communications service provider, where she held several key leadership positions during her tenure with the company. Most recently, she served as Chief Operating Officer, a role in which Ms. Dolan led all aspects of the company’s cable operations, including the advertising sales division and its development of data strategy for audience-driven advertising in the nation’s most influential television viewing market, and oversaw thousands of employees, including the company’s customer and field service workforce.

Speaking on behalf of the Board, Chairman Nelson Peltz said, “My fellow Board members and I are delighted to welcome Kristin to serve on our Board. Her impressive experience in the media and entertainment marketing industries, coupled with her extensive experience as a chief executive officer, chief operating officer and public company director, brings valuable expertise and an insightful perspective to our Board.”

In addition to her Board seat with the Company, Dolan also serves as a director of AMC Networks Inc., The Madison Square Garden Companyand Revlon, Inc.

About The Wendy’s Company

The Wendy’s Company (NASDAQ: WEN) is the world’s third largest quick-service hamburger restaurant chain. The Wendy’s system includes more than 6,500 restaurants in 30 countries and U.S. territories. For more information, visit www.aboutwendys.com.

Investor Contact:
Peter Koumas
Director – Investor Relations
(614) 764-8478
peter.koumas@wendys.com

Media Contact:
Heidi Schauer, Director – Corporate Communications
(614) 764-3368
heidi.schauer@wendys.com

SOURCE: The Wendy’s Company

ascena retail group appoints Marc Lasry and Stacey Rauch as members of its Board of Directors

MAHWAH, N.J., 2017-Jun-09 — /EPR Retail News/ — ascena retail group, inc. (NASDAQ:ASNA), today (Jun. 8, 2017) announced that, after an extensive search, Marc Lasry and Stacey Rauch have been appointed as members of ascena’s Board of Directors, effective immediately.

MARC LASRY re-joins the Board, having previously served as a member of the Board from February 2004 until October 2006. Since 1995, Mr. Lasry has served as Chairman, Chief Executive Officer and Co-Founder of Avenue Capital Group, a global investment firm that focuses on private and public debt, equity and real estate markets in the U.S., Europe and Asia. Mr. Lasry is currently a member of the Council on Foreign Relations and has served on the boards of advisors or directors of both for-profit and not-for-profit public and private companies.

“Mr. Lasry brings a macro perspective of the business environment and tremendous depth and experience with capital allocation strategies. Marc’s insight, enhanced by his prior experience with the company, will undoubtedly add significant value,” said Kate Buggeln who leads the board’s Leadership and Corporate Governance Committee.

STACEY RAUCH joins the Board with extensive experience in retail, strategy, marketing, merchandising, global expansion and multi-channel management. Ms. Rauch is a Director Emeritus of McKinsey and Company (“McKinsey”) where she was a leader in McKinsey’s Retail and Consumer Goods Practices, served as the head of the North American Retail and Apparel Practice, and acted as the Global Retail Practice Convener. A 24 year veteran of McKinsey, Ms. Rauch led engagements for a wide range of retailers, apparel wholesalers, and consumer goods manufacturers in the US and internationally. Ms. Rauch also has noteworthy board experience, including her former membership on the ANN INC. board and her current roles as non-executive Chairman of the board of directors of Fiesta Restaurant Group, Inc. and non-executive director of Land Securities, PLC, the UK’s largest commercial property company, where she sits on its Audit and Nomination Committees.

“We selected Ms. Rauch to serve as a director based on her extensive experience across business, strategy, marketing, merchandising and operations in the retail, consumer and apparel sectors. Stacey brings an invaluable strategic perspective of the changing consumer environment that we will leverage as ascena continues its evolution,” said Ms. Buggeln.

“Both Stacey and Marc bring tremendous experience to ascena,” said David Jaffe, Chairman, President and Chief Executive Officer of the ascena retail group. “Their collective expertise will be an excellent complement to our Board and we look forward to working with both of them as we continue to grow ascena in this highly competitive marketplace.”

About ascena retail group, inc.

ascena retail group, inc. (NASDAQ: ASNA) is a leading national specialty retailer offering apparel, shoes, and accessories for women under the Premium Fashion segment (Ann Taylor, LOFT, and Lou & Grey), Value Fashion segment (maurices and dressbarn), Plus Fashion segment (Lane Bryant and Catherines), and for tween girls under the Kids Fashion segment (Justice). ascena retail group, inc. operates ecommerce websites and over 4,800 stores throughout the United States, Canada and Puerto Rico.

For more information about ascena retail group, inc. visit: ascenaretail.com, AnnTaylor.com, LOFT.com, louandgrey.com, maurices.com, dressbarn.com, lanebryant.com, cacique.com, Catherines.com, and shopjustice.com.

For Investors:
ICR, Inc.
James Palczynski
203-682-8229
Partner

For Media:
ascena retail group, inc.
Sue Ross
218-491-2110
EVP
ascena Corporate Affairs
sue.ross@ascenaretail.com

Source: ascena retail group, inc.

CBRE elects Beth F. Cobert to its Board of Directors

Los Angeles, 2017-May-24 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) today (May 22, 2017) announced that Beth F. Cobert has been elected to the company’s Board of Directors.

Ms. Cobert is an accomplished executive with more than 30 years of experience in the private and public sectors.  She is a former Senior Partner at McKinsey & Company, where she advised companies in a wide range of industries on strategic, operational and organizational issues.  She led McKinsey’s strategy work for CBRE from 2011 to 2013.  She served as Acting Director of the U.S. Office of Personnel Management from July 2015 to January 2017, and as the Deputy Director for Management of the U.S. Office of Management and Budget from October 2013 to July 2015. In April 2017, Ms. Cobert was named Chief Executive Officer of Skillful, an initiative of the Markle Foundation, which helps Americans to keep up with the rapid transformations that automation and other technological advancements are bringing to jobs in the digital economy.

“We are pleased to welcome Beth to our Board,” said Ray Wirta, CBRE’s Chairman of the Board. “We will benefit greatly from her breadth of experience, strategic thinking and deep, first-hand knowledge of CBRE.  We look forward to her contributions.”

“CBRE is a company I know well,” Ms. Cobert said. “It is the clear leader in its sector and has a well-thought-out strategy to build on its market position and create further shareholder value.  I look forward to working with my fellow directors to help drive strong outcomes.”

Ms. Cobert holds a B.A. from Princeton University and an M.B.A. from Stanford University.  She previously served as Chair of the United Way of the San Francisco Bay Area and as a member of Stanford University Graduate School of Business’ Advisory Council.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

MEDIA CONTACT:

Robert McGrath
212.984.8267
robert.mcgrath@cbre.com

SOURCE: CBRE Group, Inc.

Yum! Brands elects Christopher M. Connor to its Board of Directors

Louisville, KY, 2017-May-23 — /EPR Retail News/ — Yum! Brands, Inc. (NYSE: YUM) announced that Christopher M. Connor was elected to its Board of Directors at the Company’s annual meeting of shareholders today (May 19, 2017).

“Chris’ executive leadership and global retail experience make him a strong addition to the Yum! Brands Board,” said Robert Walter, Non-Executive Chairman of Yum! Brands. “We are thrilled to have Chris join us during this exciting time for Yum! Brands, as we continue to evolve as the restaurant industry’s leading global franchisor.”Greg Creed, Chief Executive Officer of Yum! Brands said, “Chris is a talented and seasoned retail veteran who led Sherwin-Williams for many years. We look forward to the experience and insights he will bring as we execute our multi-year strategy to become a more focused, more franchised and more efficient company with a uniquely powerful and predictable free cash flow growth profile.”

Mr. Connor, 61, served as Executive Chairman of The Sherwin-Williams Company, a global manufacturer of paint, architectural coatings, industrial finishes and associated supplies, until 2016. Mr. Connor held a number of executive positions at Sherwin-Williams beginning in 1983. He served as Chief Executive Officer from 1999 to 2015, Chairman from 2000 to 2015, and served as Executive Chairman during 2016. Mr. Connor is Chairman of the Rock & Roll Hall of Fame in Cleveland and serves on the board of Eaton Corporation plc.

2016 was a landmark year for Yum! Brands as it successfully completed the separation of Yum China as an independent and powerful growth company. In addition, Yum! Brands launched a new multi-year strategic transformation plan to become a more focused, more franchised and more efficient company in order to strengthen and grow its KFC, Pizza Hut and Taco Bell brands around the world.

Yum! Brands, Inc., based in Louisville, Kentucky, has over 43,500 restaurants in more than 135 countries and territories and is one of the Aon Hewitt Top Companies for Leaders in North America. In 2017, Yum! Brands was named among the top 100 Best Corporate Citizens by Corporate Responsibility Magazine. The company’s restaurant brands – KFC, Pizza Hut and Taco Bell – are the global leaders of the chicken, pizza and Mexican-style food categories. Worldwide, the Yum! Brands system opens over six new restaurants per day on average, making it a leader in international retail development.

RELEASE NOTICE

The releases contained on this page may contain dated information. Readers are cautioned that the releases on this page are maintained here solely for the purposes of providing historical background about Yum! Brands, its business and product offerings. As the releases may contain dated information, they should not be relied upon as providing accurate or current information. Yum! Brands disclaims any intention or obligation to update or revise any of the information contained in any of the releases on this page, whether as a result of new information, future events or otherwise.

Contact:

Keith Siegner
Vice President
Investor Relations & Corporate Strategy
(888) 298-6986

Elizabeth Grenfell
Director
Investor Relations
(888) 298-6986

Source: Yum! Brands, Inc.

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Overstock.com announces the appointment of Allison Abraham as its first chairwoman of its board of directors

Company president Saum Noursalehi elected to the board

SALT LAKE CITY, 2017-May-11 — /EPR Retail News/ — Overstock.com, Inc. Common Shares (NASDAQ:OSTK) / Series A Preferred (Medici Ventures’ t0 platform:OSTKP) / Series B Preferred (OTCQB:OSTBP) announces the appointment of Allison Abraham as the company’s first chairwoman of the board of directors. Ms. Abraham has served as a director on the ecommerce leader’s board for 15 years, and is the chairwoman of the board’s audit committee.

Jonathan Johnson, Overstock’s chairman of the board of directors since 2014, remains on the board.  He also continues in his role as president of Medici Ventures, Overstock’s blockchain technology subsidiary.

“Jonathan’s steady hand as chairman has been of great benefit to Overstock through years of our history, and we are grateful he is able to remain on our board of directors now that running our Medici blockchain technology subsidiary is demanding more and more of his efforts,” said Overstock’s CEO and founder, Dr. Patrick M. Byrne. “Allison has long been a strong voice in guiding Overstock in her role as a director from our earliest days. She is the perfect choice to assume the chairwoman role on our board as we continue to set the standard for profitable and sustainable ecommerce growth.”

Also elected to the retailer’s board of directors is Overstock’s president, Saum Noursalehi, joining incumbent directors Dr. Byrne, Barclay F. Corbus, Kirthi Kalyanam, and Joseph J. Tabacco, Jr.

“As president, Saum has already taken decisive steps to maintain Overstock’s position as a leader in home retail for the short and long term,” continued Dr. Byrne. “His deep understanding of both the economic and technical components of ecommerce is a welcome addition to an already strong board.”

About Allison Abraham:

Ms. Abraham is the first chairwoman of Overstock’s board, on which she has held the position of director since 2002. She is a member of the compensation committee and nominating & corporate governance committee, and is the chairwoman of the audit committee. She is currently the president and founder of The Newton School, a private, non-profit school serving grades K-8, located in Sterling, Virginia. Prior to this role, Ms. Abraham managed her own consulting business, served as a director of privately held Precision Imaging, Inc., and was president and director of LifeMinders, Inc., an online direct marketing company, until its acquisition by Cross Media Marketing Corp. in October 2001. Before joining LifeMinders, Ms. Abraham served as chief operating officer of iVillage Inc., an online media company, and as president, COO and director of Shoppers Express, an online grocery service. Ms. Abraham holds a MBA degree from the Darden School at the University of Virginia and a Bachelor of Arts in Economics from Tufts University.

About Saum Noursalehi:

Mr. Noursalehi currently serves as the president of Overstock.com, a role he has held since 2016. He began his career with Overstock in 2005, and has held several roles for the online retailer prior to being named president, including senior vice president of marketing, senior vice president of product development, and chief revenue officer. Noursalehi received a Bachelor’s Degree in Computer Science from the University of Utah, has been profiled in publications such as Wired, and was a recipient of the 2015 Utah Business Forty Under 40 award honoring Utah’s top up-and-coming professionals.

About Jonathan Johnson:

Mr. Johnson is president of Medici Ventures, Overstock’s subsidiary that oversees a portfolio of blockchain technology and fintech businesses, including t0, which recently completed the world’s first blockchain-based stock offering on its platform. Johnson joined Overstock in 2002, and has served as the chairman of Overstock’s board of directors since April 2014, transitioning to the position after five years as the company’s president, and later, as the acting CEO and executive vice chairman of the board. He has been an integral part of Overstock’s meteoric growth from a small start-up to a publicly traded company with over $1.8 billion in sales and over 1,700 employees. Johnson received a Bachelor’s Degree in Japanese from Brigham Young University, studied at Osaka University of Foreign Studies in Japan as a Ministry of Education Scholar, and received his Juris Doctor degree from the J. Reuben Clark Law School at Brigham Young University.

About Overstock.com
Overstock.com, Inc. Common Shares (NASDAQ:OSTK) / Series A Preferred (Medici Ventures’ t0 platform : OSTKP) / Series B Preferred (OTCQB:OSTBP) is an online retailer based in Salt Lake City, Utah that sells a broad range of products at low prices, including furniture, décor, rugs, bedding, jewelry, electronics, apparel, and more, as well as a marketplace providing customers access to hundreds of thousands of products from third-party sellers. Additional stores include Worldstock.com, dedicated to selling artisan-crafted products from around the world, and Main Street Revolution, supporting small-scale entrepreneurs in the U.S. by giving them access to our national customer base. Forbes ranked Overstock in its list of the Top 100 Most Trustworthy Companies in 2014. Overstock regularly posts information about the company and other related matters under Investor Relations on its website.

O, Overstock.com, O.com, O.co, Club O, Main Street Revolution, Worldstock and OVillage are registered trademarks of Overstock.com, Inc.  O.biz and Space Shift are also trademarks of Overstock.com, Inc.  Other service marks, trademarks and trade names which may be referred to herein are the property of their respective owners.

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements include all statements other than statements of historical fact.  Additional information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in the Company’s Form 10-K for the quarter ended December 31, 2016, which was filed with the SEC on March 3, 2017, and any subsequent filings with the SEC.

Media Contact:
Mark Delcorps
Overstock.com, Inc.
+1 (801) 947-3564
pr@overstock.com

Investor Contact:
Mark Harden
Overstock.com, Inc.
+1 (801) 947-5409
ir@overstock.com

Source: Overstock.com, Inc./globenewswire

Diebold Nixdorf announces Directors elected to its board

NORTH CANTON, Ohio, 2017-May-01 — /EPR Retail News/ — Shareholders of Diebold Nixdorf, Incorporated (NYSE: DBD) today (April 26, 2017) elected its board of directors and voted to pass all other proposals at the company’s annual meeting. In addition, the board declared the second quarter cash dividend.

Directors elected
Elected to the board of directors were:

  • Patrick W. Allender, retired executive vice president, chief financial officer and secretary, Danaher Corporation, Washington, D.C.
  • Phillip R. Cox, president and chief executive officer, Cox Financial Corporation, Cincinnati
  • Richard L. Crandall, managing partner, Aspen Venture LLC, Aspen, Colo.; executive chairman, Pelstar LLC, Chicago
  • Dr. Alexander Dibelius, managing partner, CVC Capital Partners (Deutschland) GmbH, Frankfurt, Germany
  • Dr. Dieter W. Düsedau, physicist and former director (senior partner), McKinsey & Co., Munich
  • Gale S. Fitzgerald, retired president and director, TranSpend, Inc., Bernardsville, N.J.
  • Gary G. Greenfield, partner, Court Square Capital Partners, New York
  • Andy W. Mattes, president and chief executive officer, Diebold Nixdorf, Incorporated, North Canton, Ohio
  • Robert S. Prather, Jr., president and chief executive officer, Heartland Media, LLC, Atlanta
  • Rajesh K. Soin, chairman of the board and chief executive officer, Soin, LLC, West Carrollton, Ohio
  • Henry D. G. Wallace, non-executive chairman of the board, Diebold Nixdorf, Incorporated, North Canton, Ohio
  • Alan J. Weber, chief executive officer, Weber Group LLC, Greenwich, Conn.
  • Dr. Juergen Wunram, senior vice president and chief operating officer, Diebold Nixdorf, Incorporated, North Canton, Ohio

Cash dividend declared
The board of directors declared a second-quarter cash dividend of 10 cents per share on all common shares. The dividend is payable on Friday, June 9, 2017 to shareholders of record at the close of business on Friday, May 19, 2017.

About Diebold Nixdorf

Diebold Nixdorf is a world leader in enabling connected commerce for millions of consumers each day across the financial and retail industries. Its software-defined solutions bridge the physical and digital worlds of cash and consumer transactions conveniently, securely and efficiently. As an innovation partner for nearly all of the world’s top 100 financial institutions and a majority of the top 25 global retailers, Diebold Nixdorf delivers unparalleled services and technology that are essential to evolve in an ‘always on’ and changing consumer landscape.

Diebold Nixdorf has a presence in more than 130 countries with approximately 25,000 employees worldwide. The organization maintains corporate offices in North Canton, Ohio, USA and Paderborn, Germany. Shares are traded on the New York and Frankfurt Stock Exchanges under the symbol ‘DBD’. Visit www.DieboldNixdorf.com for more information.

SOURCE: Diebold Nixdorf

Media Relations
Mike Jacobsen, APR
+1 330 490 3796
michael.jacobsen@dieboldnixdorf.com

Investor Relations
Steve Virostek
+1 330 490 6319
steve.virostek@dieboldnixdorf.com

JCPenney announces the election of Debora Plunkett to its board of directors

Colleen Barrett to Retire from the Board in May

PLANO, Texas, 2017-Mar-06 — /EPR Retail News/ — J. C. Penney Company, Inc. (NYSE:JCP) today (March 2, 2017) announced the election of Debora Plunkett, former senior advisor to the director of the U.S. National Security Agency (NSA), to its board of directors. Possessing extensive experience in cybersecurity, information assurance and innovation in information security, Plunkett has a deep understanding of the data-driven and interconnected world of today.

“Debora has a strong background in information management and technology, and has been trusted by some of the nation’s top leaders to deliver robust security solutions and policies for the U.S. government,” said Marvin R. Ellison, chairman and CEO of JCPenney. “Her distinguished background brings tremendous value to our board as JCPenney continues on a path to becoming a world-class omnichannel retailer.”

Most recently, Plunkett has served as a professor at University of Maryland University College teaching graduate-level cybersecurity courses. She also provides consultation on cybersecurity, information assurance and management topics at her firm, Plunkett Associates LLC. Prior to these positions, she served as senior advisor to the director of the NSA, leading efforts to develop and deliver solutions to improve diversity, inclusion and equality for a highly technical workforce. Prior to that, Plunkett served as director and deputy director of information assurance for the NSA, managing the agency’s information assurance and cyber defense mission, and also held a variety of executive leadership, supervisory and analytical roles for the NSA. She also served as director for the Office of Transnational Threats at the National Security Council of The White House. Plunkett currently serves as a strategic advisory board member for the International Consortium for Minority Cybersecurity Professionals and an advisory board member for CyberMaryland.

Plunkett has a B.S. degree in natural science from Towson University, a Master of Science in business from Johns Hopkins University, a Master of Science in national security strategy from National War College and an M.B.A. from Johns Hopkins University.

The Company also announced that Colleen Barrett, President Emeritus of Southwest Airlines Co., will retire from the Board at the end of her term, which concludes on May 19, 2017, at the Company’s Annual Meeting of Stockholders. Barrett joined the JCPenney board in 2004, and currently chairs the corporate governance committee.

“Colleen is a trusted member of our board, and her legacy of building award-winning customer service at Southwest Airlines has benefitted JCPenney for over 13 years,” said Ellison. “Not only has Colleen been a respected member of the board, her enthusiasm and passion for JCPenney was instrumental in sparking the Warrior Spirit among JCPenney associates in recent years, leading to a strong resurgence in our Company culture. We thank her for her service, and wish her well in future endeavors.”

About JCPenney:
J. C. Penney Company, Inc. (NYSE:JCP), one of the nation’s largest apparel and home furnishings retailers, is on a mission to ensure every customer’s shopping experience is worth her time, money and effort. Whether shopping jcp.com or visiting one of over 1,000 store locations across the United States and Puerto Rico, she will discover a broad assortment of products from a leading portfolio of private, exclusive and national brands. Supporting this value proposition is the warrior spirit of over 100,000 JCPenney associates worldwide, who are focused on the Company’s three strategic priorities of strengthening private brands, becoming a world-class omnichannel retailer and increasing revenue per customer. For additional information, please visit jcp.com.

Media Relations:
(972) 431-3400
jcpnews@jcp.com
follow us at @jcpnews

Investor Relations:
(972) 431-5500
jcpinvestorrelations@jcpenney.com

Source: J. C. Penney Company, Inc.

Roger Farah, James Lillie and Francesco Trapani appointed independent directors to Tiffany & Co. Board of Directors

NEW YORK, 2017-Feb-22 — /EPR Retail News/ — Tiffany & Co. (NYSE: TIF) and JANA Partners LLC, which together with Francesco Trapani owns approximately 5.1% of Tiffany’s outstanding shares, today (February 21, 2017 ) announced agreements pursuant to which Tiffany & Co. will appoint three new independent directors to its Board of Directors: Roger Farah, James Lillie and Mr. Trapani, effective no later than March 6, 2017. With the addition of Messrs. Farah, Lillie and Trapani, the Tiffany & Co. Board will increase from 10 to 13 members.

In addition, Mr. Trapani will join the Board’s nominating and corporate governance committee and the search committee formed by the Board of Directors to oversee the Company’s previously announced search for a new chief executive officer. The search committee is being assisted by a leading executive search firm.

Tiffany also announced that the Company will be limiting waivers under the retirement age provisions in its governance documents, such that, in accordance with the mandatory retirement age, one current director will not stand for reelection at the 2017 Annual Meeting of Stockholders and two current directors will not stand for reelection at the 2018 Annual Meeting of Stockholders.

“We are excited to be adding such distinguished directors to our Board as part of our ongoing process to refresh the Board, and we are pleased to have worked cooperatively with JANA Partners to have met our objective,” said Michael J. Kowalski, Chairman of the Board of Directors and Interim CEO. “These three new directors are all accomplished executives with a broad range of relevant experience and skills that will benefit all shareholders as we focus on accelerating the execution of our core business strategies. We also believe the strength of our Board will be an asset in our ongoing CEO search process. I look forward to completing that process and welcoming our new CEO to our Board and, after an appropriate period, I anticipate being able to relinquish my responsibilities as Chairman to a successor.”

In connection with the appointments, Tiffany & Co. has entered into cooperation agreements with each of JANA Partners and Mr. Trapani. Under the agreements, Tiffany & Co. will nominate Messrs. Farah, Lillie and Trapani for election to the Board at the Company’s 2017 Annual Meeting of Shareholders and JANA Partners and Mr. Trapani have agreed to customary standstill and voting commitments. Additionally, pursuant to these agreements, JANA Partners and Mr. Trapani are committed to be independent of each other going forward. Copies of the cooperation agreements will be filed with the Securities and Exchange Commission.

Barry Rosenstein, Managing Partner of JANA Partners, commented, “We are very pleased to have worked constructively with Tiffany & Co. to appoint Roger, James and Francesco to the Board. Their fresh perspective and unique insight will be invaluable as the Board keeps working to improve performance and create shareholder value.”

About Roger Farah.

Roger N. Farah, 64, has served as the Co-Chief Executive Officer and as a member of the board of Tory Burch LLC since September 2014. Mr. Farah has over 40 years of experience in the lifestyle products and retailing sectors. Mr. Farah was a member of the board of Ralph Lauren Corporation from 2000 to 2014, where he also served as President and Chief Operating Officer from 2000 to 2013 and as Executive Vice Chairman from November 2013 to May 2014. Prior to joining Ralph Lauren Corporation, he served as Chairman of the Board and Chief Executive Officer of Venator Group, Inc. (now Foot Locker, Inc.), as President and Chief Operating Officer of R.H. Macy & Co., Inc. and as Chairman and Chief Executive Officer of Federated Merchandising Services. Mr. Farah currently serves on the boards of The Progressive Corporation and Aetna, Inc., and as a non-executive director of Metro Bank PLC. Mr. Farah holds a B.S. in Economics from the University of Pennsylvania, Wharton School of Business

About James Lillie.

James Lillie, 55, is the former Chief Executive Officer at Jarden Corporation. Mr. Lillie has over 20 years of experience in the consumer products sector. Mr. Lillie held senior positions at Jarden Corporation from August 2003through the sale of the company to Newell Brands in April 2016, including as Chief Operating Officer immediately prior to assuming the role of Chief Executive Officer. Prior to joining Jarden, Mr. Lillie served as Executive Vice President of Operations at Moore Corporation Limited and held several senior level management positions at portfolio companies of Kohlberg, Kravis, Roberts & Company. Mr. Lillie serves on the boards of Nomad Foods Limited and Royal Oak Charcoal, and previously served on the boards of Radio Prisa in Spain and the US-China Business Council. Mr. Lillie holds a B.A. from the University of Wisconsin.

About Francesco Trapani.

Francesco Trapani, 59, is the former Chief Executive Officer at Bulgari. Mr. Trapani has over three decades of experience in the luxury retail sector. From 1984 until 2011, Mr. Trapani led Bulgari, including in connection with the company’s listing on the Italian Stock Exchange, creation of Bulgari Hotels & Resorts, and acquisition by LVMH in 2011. From 2011 to 2014, Mr. Trapani served as Chairman and Chief Executive Officer of the LVMH Watches and Jewelry Division. Mr. Trapani joined Clessidra SGR, the largest private equity fund in Italy, as Executive Vice-Chairman in 2014, and later served as Chairman of the Board until the company’s sale in 2016. Mr. Trapani holds a degree in business administration from the University of Naples.

Forward-Looking Statements

Statements contained in this document that are not statements of historical fact, including those that refer to the Company’s strategies and the pace of execution thereon, the Company’s search for a successor CEO and the Company’s objectives to focus on improving performance and creating shareholder value, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

The potential risks and uncertainties that could cause the Company’s actual results, performance or achievements to differ from the predicted results, performance or achievements include, among others, global macroeconomic and geopolitical developments; changes in interest and foreign currency rates; changes in taxation policies and regulations; shifting tourism trends; regional instability, violence (including terrorist activities), political activities or events, and weather conditions that may affect local and tourist consumer spending; changes in consumer confidence, preferences and shopping patterns, as well as our ability to accurately predict and timely respond to such changes; shifts in the Company’s product and geographic sales mix; variations in the cost and availability of diamonds, gemstones and precious metals; changes in our competitive landscape; our ability to successfully control costs and execute on, and achieve the expected benefits from, our operational and strategic initiatives; and any difficulties or delays we encounter in identifying a successor CEO.

Additional information about potential risks and uncertainties that could affect the Company’s business and financial results is included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2016, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. The Company undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events or circumstances, except as required by applicable law or regulation.

Contact:
Mark L. Aaron
212-230-5301
Mark.Aaron@Tiffany.Com

Source: Tiffany & Co.

Elaine Rubin elected to Smart & Final Stores’ board of directors

COMMERCE , Calif., 2017-Feb-11 — /EPR Retail News/ — Smart & Final Stores, Inc. (the “Company”) (NYSE:SFS), today announced the election of Elaine Rubin to its board of directors (the “Board”), effective January 5, 2017.

Dave Hirz, President and Chief Executive Officer, commented, “With 145 years of history at Smart & Final, it’s as important as ever to evolve the ways we listen to and engage with our customers, which is why Elaine Rubin will be an excellent addition to our board of directors. Elaine’s extensive board and management experience in ecommerce and digital retail will provide valuable perspectives and insights on our customer-centric business. We’re pleased to have her join our Board as Smart & Final continues its growth plan and works to provide innovative offerings to its customers.”

Ms. Rubin is the founder and president of Digital Prophets Network, a consulting, advisory and executive placement firm, with a network of more than 150 certified digital and retail commerce experts. Elaine personally has more than 20 years of executive management and advisory experience in projecting, developing and managing ecommerce, digital, marketing, retail and direct-to-consumer businesses, ranging from leadership positions at 1800flowers.com, iVillage.com and amazon.com, and helping brands like Pier1 Imports and elf cosmetics develop their dotcom digital strategies. As a direct-to-consumer business and multichannel marketing pioneer with strategic and operational experience in retail, she is best known in the industry as the founder of Shop.org, the digital division of National Retail Federation (NRF).

Ms. Rubin is actively engaged as a board member of Blue Nile (NILE;NASDAQ), a board member of Moosejaw Mountaineering (a private company dedicated to outdoor fun), an advisor to Hint Inc. (a private company dedicated to healthy beverage consumption), a member of the Shop.org Think Tank, and co-founder of Retreat & Disrupt (an invite only digital leader’s summit).

Previously, Ms. Rubin served as founder, chairman and board member of Shop.org, board member and recipient of the Silver Plaque Award for service to NRF, and retail advisory board member for Hilco Global.

About Smart & Final
Smart & Final Stores, Inc. (NYSE: SFS), is a value-oriented food and everyday staples retailer, headquartered in Commerce (near Los Angeles), California. The Company offers quality products in a variety of sizes, saving household, nonprofit and business customers time and money. As of October 9, 2016, the Company operated 304 grocery and foodservice stores under the “Smart & Final,” “Smart & Final Extra!” and “Cash & Carry Smart Foodservice” banners in California, Oregon, Washington, Arizona, Nevada, and Idaho, with an additional 15 stores in Northwestern Mexico operated through a joint venture. In business for 145 years, the Company remains committed to giving back to local communities through employee volunteer opportunities and Company donations to local nonprofits.

Forward-Looking Statements
Certain statements contained in this release that are not historical information contain forward-looking statements. The forward-looking statements involve risks and uncertainties and actual results may differ materially from those projected or implied. Further, certain forward-looking statements are based on assumptions of future events which may not prove to be accurate. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “may,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or, in each case, their negative, or other variations or comparable terminology. The Company derives many of its forward-looking statements from its operating budgets and forecasts, which are based upon many detailed assumptions. While the Company believes that its assumptions are reasonable, it is difficult to predict the impact of known factors and, of course, it is impossible to anticipate all factors that could affect actual results. These factors are discussed in the special note concerning “Forward-Looking Statements,” “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and “Business” sections and elsewhere in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission.

You should keep in mind that any forward-looking statement made by the Company herein, or elsewhere, speaks only as of the date on which made. New risks and uncertainties come up from time to time, and it is impossible for the Company to predict these events or how they may affect it. The Company has no obligation to update any forward-looking statements after the date hereof, except as required by federal securities laws.

INVESTOR CONTACTS:
Laura Bainbridge / Andrew Greenebaum
Addo Investor Relations
O: 310.829.5400
investors@smartandfinal.com

MEDIA CONTACT:
press@smartandfinal.com

Source: Smart & Final Stores, Inc.

Kimco Realty announces the appointment of Mary Hogan Preusse to its Board of Directors

NEW HYDE PARK, NEW YORK, 2017-Feb-06 — /EPR Retail News/ — Kimco Realty Corp. (NYSE: KIM) today (February 03, 2017) announced that Mary Hogan Preusse, Managing Director and co-head of Americas Real Estate for APG Asset Management US, has been appointed to the company’s Board of Directors. Her term will begin immediately. With Ms. Hogan Preusse’s appointment, Kimco’s Board has expanded to include nine members.

Ms. Hogan Preusse has been an active participant in the REIT industry for over 25 years, nearly 17 of which have been at APG, which manages pension assets on behalf of approximately 4.5 million Dutch citizens. In her role at APG, where she was an early and active advocate for REITs, Ms. Hogan Preusse is responsible for managing all of the firm’s public real estate investments in North and South America, currently $13 billion in assets. She also serves on the Executive Board of APG Asset Management US.

“Mary is one of the most respected individuals in the REIT industry, and we are incredibly fortunate to have her join our Board of Directors,” said Milton Cooper, Executive Chairman. “Mary was instrumental in bringing Kimco public 25 years ago in her role at Merrill Lynch. Her appointment to our Board today brings our relationship full circle, and speaks to our great regard for her talent, experience and knowledge.”

“I am thrilled to welcome Mary to the Kimco Board, and I look forward to working with her,” said Conor Flynn, President and Chief Executive Officer. “Her passion for the industry is unmatched, and she brings a tremendous wealth of REIT experience, which will serve us well as we work towards our 2020 Vision and beyond.”

Prior to joining APG in 2000, Ms. Hogan Preusse spent eight years as a sell side analyst covering the REIT sector, and began her career at Merrill Lynch as an investment banking analyst. In 2015, she was the recipient of NAREIT’s E. Lawrence Miller Industry Achievement Award for her contributions to the REIT industry. She is also a member of the International Council of Shopping Centers, serves on the Investor Advisory Council for NAREIT, and is a member of the Real Estate Advisory Board for the Carey Business School at Johns Hopkins University. Ms. Hogan Preusse graduated from Bowdoin College in Brunswick, Maine with a degree in Mathematics and is a member of Bowdoin’s Board of Trustees.

About Kimco

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers. As of December 31, 2016, the company owned interests in 524 U.S. shopping centers comprising 85 million square feet of leasable space across 34 states and Puerto Rico. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

CONTACT:

David F. Bujnicki
Senior Vice President
Investor Relations and Strategy Kimco Realty Corp.
1-866-831-4297
dbujnicki@kimcorealty.com

Source: Kimco Realty Corp.

Perry Ellis International director Jane E. DeFlorio appointed to DDR’s Board of Directors

BEACHWOOD, Ohio, 2017-Feb-01 — /EPR Retail News/ — DDR Corp. (NYSE: DDR) today (Jan 31, 2017) announced that Jane E. DeFlorio, lead independent director of Perry Ellis International, Inc., has been appointed to the Company’s Board of Directors, effective immediately.

Ms. DeFlorio is a seasoned investment banker who has extensive experience advising mid- to large-cap retail and e-commerce clients on shareholder value creation strategies, mergers and acquisitions, capital structure, and product and market expansion initiatives. Ms. DeFlorio was a former managing director in the U.S. Retail and Consumer Investment Banking Group with Deutsche Bank Securities. Prior to her time at Deutsche Bank, Ms. DeFlorio served as an executive director in investment banking at UBS, where she advised a wide range of mid- to large-cap retail and consumer clients. Previously, she served as a vice president in investment banking at Morgan Stanley & Co., where she specialized in advising e-commerce companies.

In her current role at Perry Ellis, Ms. DeFlorio serves on the audit, governance and investment committees of the board.  Ms. DeFlorio also serves on several non-profit boards, including as vice chair of the Board of Trustees and chair of the audit and risk committee at The New School University, and as a member of the board of governors at The Parsons School of Design. She earned a bachelor’s degree in mechanical engineering from the University of Notre Dame, and an MBA from Harvard University.

“We are extremely pleased to have Jane join our board. Given her diverse background in finance and retail, Jane will be a valuable resource for both the board and management in this rapidly evolving retail environment,” said Tom August, president and chief executive officer of DDR.

Terrence R. Ahern, chairman of the board, added, “DDR is intently focused on assisting our tenants to provide the best retail experience for their customers.  One way we do this is by attracting persons with deep retailing expertise to both our board and management team.  Jane is exactly the type of retail professional to fill that role and we are excited for her to join us.”

About DDR Corp.

DDR is an owner and manager of 319 value-oriented shopping centers representing 106 million square feet in 35 states and Puerto Rico.  The Company’s assets are concentrated in high barrier-to-entry markets with stable population and high growth potential and its portfolio is actively managed to create long-term shareholder value. DDR is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol DDR. Additional information about the Company is available at www.ddr.com.

Contact:

Toll-Free Phone: 877-CALL-DDR
Phone: 216-755-5500
Fax: 216-755-1500

SOURCE: DDR Corp.

Food Marketing Institute announces nine new members of its board of directors

Scottsdale, Ariz., 2017-Jan-31 — /EPR Retail News/ — Food Marketing Institute (FMI) today (January 30, 2017) introduced nine new members to its board of directors during its annual meeting at the FMI Midwinter Executive Conference in Scottsdale, Ariz. FMI Board Chairman, President and CEO of Bristol Farms Kevin Davis announced the appointments:

New Directors (3-year term)
• Michele Buck, The Hershey Company
• Albert Carey, PepsiCo, Inc.
• Tim Figge, Hussmann Corp.
• Laura Karet, Giant Eagle, Inc.
• Kees Kruythoff, Unilever
• David Mitchell, Mitchell Grocery Corporation
• Lori Mitchell-Keller, SAP

New Chairman’s Appointees (1-year term)
• David Bullard, Piggly Wiggly Alabama Distributing Company, Inc.
• Eric Claus, Save-A-Lot, Ltd.
• Michael Sleeper, Imperial Distributors, Inc.

The goal of the FMI Board is to promote and carry out the objectives and purposes of FMI; to represent the total and varied membership of FMI; to establish major policies for FMI; to demonstrate a model of an active, participative and sharing membership; to appoint the president; and to provide industry leadership.

A full member listing of FMI’s board can be found here: www.fmi.org/BoardOfDirectors

Food Marketing Institute proudly advocates on behalf of the food retail industry. FMI’s U.S. members operate nearly 40,000 retail food stores and 25,000 pharmacies, representing a combined annual sales volume of almost $770 billion. Through programs in public affairs, food safety, research, education and industry relations, FMI offers resources and provides valuable benefits to more than 1,225 food retail and wholesale member companies in the United States and around the world. FMI membership covers the spectrum of diverse venues where food is sold, including single owner grocery stores, large multi-store supermarket chains and mixed retail stores. For more information, visit www.fmi.org and for information regarding the FMI foundation, visit www.fmifoundation.org.

Contact:

Tel: 202-452-8444
Fax: 202-429-4519

Source: FMI

Starbucks announces nominations of Rosalind Brewer, Jørgen Vig Knudstorp, and Satya Nadella to its Board of Directors

Starbucks announces nominations of Rosalind Brewer, Jørgen Vig Knudstorp, and Satya Nadella to its Board of Directors

 

  • Starbucks board member James G. Shennan, Jr. to retire following 27 years of service;
  • Company expands its board of world-class, values-based leaders, attracting diversity in global technology, retail and consumer experience as it pursues its long-term plan for strong global growth and innovation

SEATTLE, 2017-Jan-25 — /EPR Retail News/ — Starbucks Corporation (NASDAQ: SBUX) announced today (January 24, 2017) the nominations of Rosalind Brewer, President and Chief Executive Officer of Sam’s Club, and executive vice president of Wal-Mart Stores, Inc.; Jørgen Vig Knudstorp, Executive Chairman of the LEGO Brand Group; and Satya Nadella, CEO of Microsoft Corporation, to the Starbucks Board of Directors. Each are nominated for election to the Board at the company’s Annual Meeting of Shareholders on March 22, 2017, along with the nomination of the company’s current directors other than Mr. Shennan who is retiring from the Board immediately prior to the meeting.

“For 45 years, the success of the Starbucks brand has been built upon the preservation of the trust, confidence and connection we have with our customers and partners,” said Howard Schultz, Starbucks chairman and ceo. “Innovation and pushing to alter the status quo are also core to our culture, and by welcoming three world-class, values-based leaders — Roz, Jørgen and Satya — to Starbucks Board of Directors upon their election at the Annual Meeting, we will strengthen our leadership and add unmatched expertise in technology, strategy, and retail to the company at a time of unprecedented change for our industry. I look forward to welcoming each of these leaders to Starbucks Board of Directors.”

Rosalind Brewer

Rosalind Brewer will bring to the Board extensive insight on large-scale operations and supply chain logistics based on her senior leadership positions with Sam’s Club and Walmart, as well as valuable experience in consumer products and distribution. Brewer will also provide vast experience in product development, product management, leadership, digital technology and innovation, and international operations and distribution. Brewer has served as President and Chief Executive Officer of Sam’s Club, a division of Walmart, since February 2012. Walmart recently announced her retirement from the company effective February 1, 2017. She currently serves on the Board of Directors for Lockheed Martin Corporation and is Chair of the Board of Trustees for Spelman College, and formerly served as a director of Molson Coors Brewing Company.

“For many years, I’ve looked to Starbucks as a leader in how companies should stay ahead of innovation, build trust and loyalty with customers and deeply engage in local and global communities. As an avid customer, I am delighted every day to see just how much this company focuses on honing its craft. It will be an honor to put my many years of retail and customer engagement to work on behalf of the brand, and to serve alongside such a talented group in doing so,” said Brewer.

Jørgen Vig Knudstorp

To the Starbucks Board of Directors, Jørgen Vig Knudstorp will provide global executive leadership experience from one of the world’s most renowned toy manufacturers and recognizable brands. He will also bring a proven record of innovation and unique insight of brand and digital marketing, strategy, consumer products, and international operations and distribution to the Board. Knudstorp has served as Executive Chairman of the LEGO Brand Group, the controlling company to the LEGO Group since January 2017. From October 2004 to December 2016, he served as President and Chief Executive Officer of the LEGO Group.

“I find Starbucks truly fascinating and inspiring because of its high quality products and customer experiences, the authenticity of the brand, the company’s caring approach to consumers and employees and not least the ambitious responsibility agenda,” said Knudstorp. “Starbucks was founded on a simple, essential idea and now the company has grown in to becoming a very strong, innovative brand with the potential to expand its global presence further. I am very excited to have been nominated to join the Board and to contribute to the continued development of this fantastic company.”

Satya Nadella

Satya Nadella will bring to the Starbucks Board extensive experience and an understanding of how technology will be used and experienced around the world.  He will provide the Board with invaluable insight in international operations and distribution as Starbucks continues to focus on innovative ways to use technology to elevate the brand and grow its business.  Nadella has served as Chief Executive Officer and a member of the Board of Directors of Microsoft Corporation, a leading productivity and platform company, since February 2014.  He has held various leadership positions at Microsoft since joining the company in 1992.  Nadella currently serves on the Fred Hutchinson Cancer Research Center board of trustees.

“I’m honored to have been nominated to join the Board of this world-renowned company,” said Nadella. “As a regular customer myself, I’ve always admired Starbucks focus and deep passion for its customers and the communities it does business in and hope my years of experience in the technology industry will be of value to the company.”

Additionally, James (Jamie) Shennan Jr., a Starbucks director since March 1990, will retire from the Board effective immediately prior to the shareholder meeting in accordance with the company’s Corporate Governance Principles and Practices’ mandatory retirement age requirements.

“For nearly three decades Jamie has been instrumental in the building of the Starbucks brand, our go-to-market strategy, and the globalization of our operations,” said Schultz. “He has fully appreciated the Starbucks culture and our mission from our earliest of days, and has made significant contributions in the evolution of our business. I’m eternally grateful to Jamie for his knowledge and counsel to me, personally, and to the Starbucks Board of Directors over the years.”

If all nominees are elected by our shareholders at the Annual Meeting, the Board will have 14 members, including:

  1. Howard Schultz, chairman and chief executive officer, Starbucks
  2. William W. Bradley, managing director, Allen & Company LLC
  3. Rosalind Brewer, president and ceo, Sam’s Club, and executive vice president of Wal-Mart Stores, Inc.
  4. Mary N. Dillon, chief executive officer, Ulta Salon, Cosmetics & Fragrances, Inc.
  5. Robert M. Gates, former Secretary of Defense
  6. Mellody Hobson, president and director, Ariel Investments, LLC
  7. Kevin R. Johnson, president, chief operating officer, Starbucks
  8. Jørgen Vig Knudstorp, executive chairman, LEGO Brand Group
  9. Satya Nadella, chief executive officer, Microsoft
  10. Joshua Cooper Ramo, co-ceo and vice chairman, Kissinger Associates
  11. Clara Shih, chief executive officer, Hearsay Systems, Inc.
  12. Javier G. Teruel, retired vice chairman, Colgate-Palmolive Company
  13. Myron E. Ullman, III, retired executive chairman and ceo, J.C. Penney Company, Inc.
  14. Craig E. Weatherup, retired chief executive officer, Pepsi-Cola Company

Forward Looking Statements

Certain statements contained herein are “forward-looking statements” within the meaning of the applicable securities laws and regulations. Generally, these statements can be identified by the use of words such as “anticipate,” “expect,” “believe,” “could,” “estimate,” “feel,” “forecast,” “intend,” “may,” “plan,” “potential,” “project,” “should,” “will,” “would,” and similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These statements are based upon information available to Starbucks as of the date hereof, and Starbucks actual results or performance could differ materially from those stated or implied due to risks and uncertainties associated with its business. These risks and uncertainties include, but are not limited to, fluctuations in U.S. and international economies and currencies, our ability to preserve, grow and leverage our brands, potential negative effects of incidents involving food or beverage-borne illnesses, tampering, contamination or mislabeling, potential negative effects of material breaches of our information technology systems to the extent we experience a material breach, material failures of our information technology systems, costs associated with, and the successful execution of, the company’s initiatives and plans, the acceptance of the company’s products by our customers, the impact of competition, coffee, dairy and other raw materials prices and availability, the effect of legal proceedings, and other risks detailed in the company filings with the Securities and Exchange Commission, including the “Risk Factors” section of the Starbucks Annual Report on Form 10-K for the fiscal year ended October 2, 2016. The company assumes no obligation to update any of these forward-looking statements.

Media contact:

Global
Phone: 206 318 7100
Email: press@starbucks.com

Source: Starbucks

###

RILA announces three top retail executives elected to its Board of Directors

Arlington , VA, 2017-Jan-25 — /EPR Retail News/ — The Retail Industry Leaders Association (RILA) announced today (1/23/2017) that three top retail executives have been selected to join the association’s Board of Directors in an election that took place during the Board’s semi-annual meeting, held Sunday in Naples, Florida.

Joining the association’s Board of Directors are:

  • Shelley Broader, President & Chief Executive Officer, Chico’s FAS, Inc.
  • Steve Rendle, President & Chief Executive Officer, VF Corporation
  • Jill Standish, Senior Marketing Director, Global Retail Consulting Practice, Accenture

Bill Rhodes, Chairman, President, and Chief Executive Officer of AutoZone, will continue his two-year term as Board Chairman through 2017. In addition, five members were re-elected to two-year terms on the Board:

  • Brian Cornell, Chairman and Chief Executive Officer, Target Corporation
  • Alexander Gourlay, President, Walgreen Co., and Co-Chief Operating Officer, Walgreens Boot Alliance
  • Thomas Millner, President and Chief Executive Officer, Cabela’s Inc.
  • Michael Polk, Chief Executive Officer, Newell Rubbermaid
  • Todd Tillemans, Corporate Executive Vice President and President, Customer Development, Unilever, North America

“It is with great excitement and gratitude that we welcome these new members to RILA’s Board of Directors,” said RILA President Sandy Kennedy. “The thought leadership and industry expertise we receive from our Board are integral to our ability to advocate on behalf of retailers. Now, more than ever, we will lean on these executives for their insight and support as we advance our efforts on behalf of the industry.”

The 2017 RILA Board of Directors:

  • Bill Rhodes, Chairman, President and Chief Executive Officer, AutoZone, Inc. (Chairman)
  • Brian Cornell, Chairman and Chief Executive Officer, Target Corporation (Vice Chairman)
  • James Myers, Chairman and Chief Executive Officer, Petco Holdings, Inc. (Treasurer)
  • Robert Niblock, Chairman and Chief Executive Officer, Lowe’s Companies, Inc. (Secretary)
  • Mary Dillon, Chief Executive Officer, ULTA Beauty (At-large)
  • Alexander Gourlay, Co-Chief Operating Officer, Walgreens Boot Alliance and President, Walgreen Co. (At-large)
  • Hubert Joly, Chairman and Chief Executive Officer, Best Buy Co., Inc. (At-large)
  • Shelley Broader, President & Chief Executive Officer, Chico’s FAS, Inc.*
  • James Dinkins, Chief Retail Sales Officer, The Coca-Cola Company
  • Marvin Ellison, Chairman and Chief Executive Officer, J.C. Penney Company, Inc.
  • Alan Hoskins, Chief Executive Officer, Energizer Holdings, Inc.
  • Joe Jensen, Vice President, Internet of Things Group, and General Manager, Retail Solutions Division, Intel Corporation
  • Richard Johnson, President and Chief Executive Officer, Foot Locker, Inc.
  • Stephen Laughlin, GBS Global Industry Leader, Retail and Consumer Products, IBM Corporation
  • Michael Massey, President and Chief Executive Officer, PetSmart, Inc.
  • Craig Menear, Chairman, Chief Executive Officer, and President, The Home Depot, Inc.
  • Thomas Millner, President and Chief Executive Officer, Cabela’s Inc.
  • Michael Polk, Chief Executive Officer, Newell Rubbermaid
  • Steve Rendle, President & Chief Executive Officer, VF Corporation*
  • Carl (Chuck) Rubin, Chairman and Chief Executive Officer, The Michaels Companies, Inc.
  • Gregory Sandfort, Chief Executive Officer, Tractor Supply Company
  • Jill Standish, Senior Managing Director, Global Retail Consulting Practice, Accenture*
  • Todd Tillemans, Corporate Executive Vice President and President, Customer Development, Unilever, North America
  • Todd Vasos, Chief Executive Officer, Dollar General Corporation
  • Sandra Kennedy, President, Retail Industry Leaders Association

*Denotes Newly Elected Member

Contact:
Brian Dodge
Senior Executive Vice President, Public Affairs
Phone: 703-600-2017
Email: brian.dodge@rila.org

Source: RILA

Sonic Corp. elects Steven A. Davis to its board of directors

OKLAHOMA CITY, 2017-Jan-23 — /EPR Retail News/ — Sonic Corp. (NASDAQ: SONC), the nation’s largest chain of drive-in restaurants, today (Jan 19, 2017) announced the election of Steven A. Davis to its board of directors.

Mr. Davis is former chairman and chief executive officer of Bob Evans Farms, Inc. which owns and operates Bob Evans Restaurants and distributes packaged foods at grocery stores under the Bob Evans and Owens brand names. Mr. Davis brings 30 years of restaurant and retail experience having served in a variety of executive and management positions with YUM! Brands and Kraft General Foods.

As a seasoned restaurant and consumer packaged goods executive with significant experience in the areas of marketing and branding, retail food products, mergers and acquisitions, real estate, auditing and finance, the board will benefit from Mr. Davis’ strategic planning skills, leadership and restaurant operating knowledge.

“We are excited to welcome Steve as a new independent director to our board,” said Cliff Hudson, Sonic Corp. CEO. “Steve’s executive experience in the restaurant industry combined with his brand management and consumer packaged goods knowledge nicely complements the breadth of experience on our board.”

Existing directors re-elected to the Sonic Corp. board are Tony D. Bartel, Lauren R. Hobart, Jeffrey H. Schutz and Kathryn L. Taylor. Continuing board members not standing for re-election include R. Neal Black, Kate S. Lavelle, J. Larry Nichols, Federico F. Peña, Frank E. Richardson, Susan E. Thronson and Cliff Hudson.

The company also announced a new antibiotic use policy for chicken as part of its animal welfare program beginning effective immediately. The company will require that its suppliers refrain from using antibiotics medically important to human health for the purpose of growth promotion and that antibiotics be administered by a licensed veterinarian and only for the prevention, control or treatment of disease.

The company is also reviewing its policies regarding antibiotics use for beef and pork.

About SONIC, America’s Drive-In

SONIC, America’s Drive-In is the nation’s largest drive-in restaurant chain serving approximately 3 million customers every day. More than 90 percent of SONIC’s 3,500 drive-in locations are owned and operated by local business men and women. For 64 years, SONIC has delighted guests with signature menu items, 1.3 million drink combinations and friendly service by iconic Carhops. Since the 2009 launch of SONIC’s Limeades for Learning campaign in partnership with DonorsChoose.org, SONIC has donated $7.4 million to public school teacher’s classrooms nationwide to fund essential learning materials and innovative teaching resources to inspire creativity and learning in their students. To learn more about Sonic Corp. (NASDAQ/NM: SONC), please visit sonicdrivein.com and please visit or follow us on Facebook and Twitter. To learn about SONIC’s Limeades for Learning initiative, please visit LimeadesforLearning.com.

Contact:
Christi Woodworth
405-225-5600
Vice President of Public Relations

Source: Sonic Corp.

Kroger announces election of Mark S. Sutton to its Board of Directors

CINCINNATI, 2017-Jan-14 — /EPR Retail News/ — The Kroger Co. (NYSE: KR) today (Jan. 12, 2017) announced that Mark S. Sutton has been elected to the Company’s Board of Directors.

Mr. Sutton is chairman and chief executive officer of International Paper, a leading global producer of renewable fiber-based packaging, pulp and paper products. Prior to becoming CEO, he served as president and chief operating officer with responsibility for running the company’s global business. Mr. Sutton joined International Paper in 1984 as an electrical engineer. He held roles of increasing responsibility throughout his career, including mill manager, vice president of corrugated packaging operations across Europe, the Middle East and Africa, vice president of corporate strategic planning, and senior vice president of several business units, including global supply chain, before being named CEO in 2014.

“We are delighted to welcome Mark to Kroger,” said Rodney McMullen, Kroger’s chairman and CEO. “Mark’s deep experience in an end-to-end business and global perspective make him a valued addition to Kroger’s Board of Directors.”

Mr. Sutton is a member of The Business Council and the Business Roundtable. He serves on the boards of the American Forest & Paper Association and the International Advisory Board of the Moscow School of Management – Skolkovo. He also serves on the boards of Memphis Tomorrow and the New Memphis Institute.

Mr. Sutton is elected to serve until Kroger’s annual meeting of shareholders in June 2017. At that time, he will stand for election by the shareholders.

Every day, the Kroger Family of Companies makes a difference in the lives of eight and a half million customers and 431,000 associates who shop or serve in 2,796 retail food stores under a variety of local banner names in 35 states and the District of Columbia. Kroger and its subsidiaries operate an expanding ClickList offering – a personalized, order online, pick up at the store service – in addition to 2,253 pharmacies, 787 convenience stores, 324 fine jewelry stores, 1,439 supermarket fuel centers and 38 food production plants in the United States. Kroger is recognized as one of America’s most generous companies for its support of more than 100 Feeding America food bank partners, breast cancer research and awareness, the military and their families, and more than 145,000 community organizations including schools. A leader in supplier diversity, Kroger is a proud member of the Billion Dollar Roundtable.

SOURCE: The Kroger Co.

Smart & Final Stores, Inc. elects Elaine Rubin to its board of directors

COMMERCE , Calif.,, 2017-Jan-12 — /EPR Retail News/ — Smart & Final Stores, Inc. (the “Company”) (NYSE:SFS), today (January 9, 2017)  announced the election of Elaine Rubin to its board of directors (the “Board”), effective January 5, 2017.

Dave Hirz, President and Chief Executive Officer, commented, “With 145 years of history at Smart & Final, it’s as important as ever to evolve the ways we listen to and engage with our customers, which is why Elaine Rubin will be an excellent addition to our board of directors. Elaine’s extensive board and management experience in ecommerce and digital retail will provide valuable perspectives and insights on our customer-centric business. We’re pleased to have her join our Board as Smart & Final continues its growth plan and works to provide innovative offerings to its customers.”

Ms. Rubin is the founder and president of Digital Prophets Network, a consulting, advisory and executive placement firm, with a network of more than 150 certified digital and retail commerce experts. Elaine personally has more than 20 years of executive management and advisory experience in projecting, developing and managing ecommerce, digital, marketing, retail and direct-to-consumer businesses, ranging from leadership positions at 1800flowers.com, iVillage.com and amazon.com, and helping brands like Pier1 Imports and elf cosmetics develop their dotcom digital strategies. As a direct-to-consumer business and multichannel marketing pioneer with strategic and operational experience in retail, she is best known in the industry as the founder of Shop.org, the digital division of National Retail Federation (NRF).

Ms. Rubin is actively engaged as a board member of Blue Nile (NILE;NASDAQ), a board member of Moosejaw Mountaineering (a private company dedicated to outdoor fun), an advisor to Hint Inc. (a private company dedicated to healthy beverage consumption), a member of the Shop.org Think Tank, and co-founder of Retreat & Disrupt (an invite only digital leader’s summit).

Previously, Ms. Rubin served as founder, chairman and board member of Shop.org, board member and recipient of the Silver Plaque Award for service to NRF, and retail advisory board member for Hilco Global.

About Smart & Final
Smart & Final Stores, Inc. (NYSE: SFS), is a value-oriented food and everyday staples retailer, headquartered in Commerce (near Los Angeles), California. The Company offers quality products in a variety of sizes, saving household, nonprofit and business customers time and money. As of October 9, 2016, the Company operated 304 grocery and foodservice stores under the “Smart & Final,” “Smart & Final Extra!” and “Cash & Carry Smart Foodservice” banners in California, Oregon, Washington, Arizona, Nevada, and Idaho, with an additional 15 stores in Northwestern Mexico operated through a joint venture. In business for 145 years, the Company remains committed to giving back to local communities through employee volunteer opportunities and Company donations to local nonprofits.

Forward-Looking Statements
Certain statements contained in this release that are not historical information contain forward-looking statements. The forward-looking statements involve risks and uncertainties and actual results may differ materially from those projected or implied. Further, certain forward-looking statements are based on assumptions of future events which may not prove to be accurate. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “may,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or, in each case, their negative, or other variations or comparable terminology. The Company derives many of its forward-looking statements from its operating budgets and forecasts, which are based upon many detailed assumptions. While the Company believes that its assumptions are reasonable, it is difficult to predict the impact of known factors and, of course, it is impossible to anticipate all factors that could affect actual results. These factors are discussed in the special note concerning “Forward-Looking Statements,” “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and “Business” sections and elsewhere in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission.

You should keep in mind that any forward-looking statement made by the Company herein, or elsewhere, speaks only as of the date on which made. New risks and uncertainties come up from time to time, and it is impossible for the Company to predict these events or how they may affect it. The Company has no obligation to update any forward-looking statements after the date hereof, except as required by federal securities laws.

INVESTOR CONTACTS:
Laura Bainbridge / Andrew Greenebaum
Addo Investor Relations
O: 310.829.5400
investors@smartandfinal.com

MEDIA CONTACT:
press@smartandfinal.com

Source: Smart & Final Stores, Inc.