Corporate Governance

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.

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.

The world’s largest digital coupon marketplace, RetailMeNot.com, has introduced new functionality and platform integration capabilities to its popular service with the launch of version 3.0 of its iOS and Android coupons app.

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.

Jeff Zoss and Scott Simerlein have joined The Grocery Shopping Network, Inc., a provider of digital shopper planning and marketing tools for grocery retailers, consumer packaged goods companies and shoppers.

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.

Sears Hometown and Outlet Stores saw net income for the second quarter drop to $9.1 million from $21.1 million a year earlier, due, in part, to expenses associated with its spinoff from Sears Holdings Corp, according to the company.

These results come a little more than a week after Sears Holdings saw revenues decrease to $8.9 billion for the quarter from $9.5 billion for the year-ago quarter. Fewer Kmart and Sears full-line stores accounted for approximately $210 million of that decline.