Strategy

The creators of eMobile POS and device manufacturer Cherry have teamed up to create a mobile POS product for the iPhone and iPod Touch that will be sold at Costco.com, according to the firms.

Brisbane, Calif. -- Bebe Stores Inc. reported a loss for its fourth quarter amid weaker sales and markdowns.

The apparel chain posted a loss of $20.8 million for the three-month period ended July 6, compared with net income of $3 million in the fourth quarter last year.

Bebe's total revenue edged down to $119.2 million, from $131.5 million.

Pittsburgh -- Dick's Sporting Goods will celebrate the opening of its new store in Duluth, Minn., beginning on Sept. 6.

The Duluth location will be the retailer's ninth store in the state of Minnesota and its 529th nationwide.

New York -- The Kroger Co. will stop providing health insurance benefits for spouses on January 1, 2014, according to a recent agreement with several unions, Indiana Public Media reported.

Fort Worth, Texas -- Designer Shoe Warehouse — DSW — has announced plans for a new store at The Shops At La Palmera, a 200,000-sq.-ft. outdoor shopping center in Corpus Christie, Texas, according to Trademark Property Company.

Construction has begun on the 18,000-square-foot DSW, which is located adjacent to Catherine’s. This is the first Corpus Christi location for DSW Inc., which is scheduled to open in early 2014.

Lowe’s has appointed Michael P. McDermott to the newly created position of SVP and general merchandising manager-building and maintenance.

McDermott will be responsible for the Lumber & Building Materials, Millwork, Hardware & Tools and Rough Plumbing & Electrical divisions. He will report to chief merchandising officer Michael A. Jones.

Brentwood — GBT Realty Corp. has added four new members to its team.

Ivan Lozina, a 20-year industry veteran has been appointed senior construction manager. Lozina will oversee construction management for new developments in the Shopping Center Division. Prior to joining GBT, Lozina spent 17 years at Benderson Development Company, managing the construction of more than 20 million square feet of commercial real estate.

NORTHFIELD, Ill. — Kraft Foods Group has appointed former Procter & Gamble executive Teri List-Stoll as the company's SVP of finance, succeeding current CFO Timothy McLevish in the first quarter of 2014.