Golf Galaxy Closing Headquarters
Eden Prairie, Minn. Specialty retailer Golf Galaxy, a subsidiary of Dick’s Sporting Goods, announced it will close the Golf Galaxy corporate headquarters in Eden Prairie and relocate corporate functions to the Dick’s Sporting Goods headquarters in Findlay Township, Penn.
According to the company’s SEC filing, Randy Zanatta, co-founder and chief executive of Golf Galaxy, will resign his duties effective July 18.
Circuit City Director Resigns from Board
Richmond, Va. Circuit City announced that its lead outside director Mikael Salovaara resigned from its board, according to the Wall Street Journal.
Salovaara, who was chairman of the nominating and governance committee in addition to lead director, resigned just one day after Blockbuster Inc. said it was withdrawing its proposal to buy Circuit City Stores Inc.
Circuit City said in a filing with the Securities and Exchange Commission that Salovaara had no disagreements with the company.
The Wall Street Journal also said that Circuit City amended its bylaws to reduce the size of its board to 14 directors from 15.
Kroger Inks Deals with Ala., Tenn. Unions
Cincinnati United Food & Commercial Workers Union members at Alabama and Tennessee Kroger stores have signed a new labor agreement with the grocery chain.
The agreement covers more than 8,500 Kroger Co. workers at more than 90 stores in Nashville and Knoxville, Tenn., and Huntsville, Ala.