Strategy

Protein is the hot nutritional trend these days and Quest Nutrition has found a way to create a first-of-its-kind baked chip with 21 grams of protein per serving.

The company bills its new Quest Protein Chips as the world’s first high-protein snack potato chip and contends the product offers a revolutionary potato chip experience. The chips are actually good for people, according to the company, as opposed to simply being less bad than other snacks high in fat and salt.

PepsiCo announced that James Schiro has resigned from the company's board of directors for health reasons, effective immediately.

Schiro is the former CEO of both Zurich Financial Services and PricewaterhouseCoopers. He was elected to PepsiCo's board of directors in 2003 and served as the company's presiding director from May 2010 to May 2013. Most recently, Schiro served on PepsiCo's nominating and corporate governance committee and its compensation committee.

High-end department store Von Maur plans to open its 30th location on October 18 in Oklahoma City. The new location will be the company’s first in the state and will be part of the city’s Quail Springs Mall.

The new store will open in a space that used to house a Sears, and will undergo a complete facelift. Von Maur will create a brick façade on the exterior and sell brands like Brooks Brothers, Hugo Boss and Coach.

Milwaukee – The board of directors of Roundy’s Inc. has named Michael Turzenski, currently Roundy’s group VP and chief accounting officer, as group VP, CFO. Turzenski replaces Darren Karst, who is leaving the company to become CFO of Rite Aid Corp. as of Aug. 10.

Turzenski has served in his current role since February 2012. Turzenski joined Roundy’s in 2007 as VP, controller.

San Francisco – Williams-Sonoma Inc. has shuffled the positions of several top executives. Chief strategy and supply chain officer Dean Miller has been named COO, and chief marketing officer Pat Connolly will assume the position of chief strategy and business development officer.

Philadelphia -- Destination Maternity Corp. has stopped its pursuit of the United Kingdom’s Britain's Mothercare Plc chain after having two bid proposals rejected.

Target opened its experimental Express format on July 23 in a community near downtown Minneapolis designed to give the retailer an early indication of expansion potential for the 20,000-sq.-ft. concept.
 
The store is the smallest Target has ever opened and is located in an area known as Dinkytown near the campus of the University of Minnesota. Four additional locations are already planned for next year including three in the San Francisco area and one in St. Paul.
 

As part of its continued growth strategy, Williams-Sonoma made several organizational changes to its management team.

Chief marketing officer Pat Connolly has been elevated to chief strategy and business development officer. Connolly will work closely with senior management to refine the company’s long-term strategy, including the development of new businesses, and the evaluation and execution of acquisitions and alliances that can provide significant growth.