The parent company of Dunkin' Donuts and Baskin-Robbins has ended its hunt for a new chief financial officer.
Following a comprehensive search for a permanent CFO, Dunkin’ Brands has promoted Kate Jaspon to the position, effective June 5, 2017. Jaspon was appointed the company’s interim CFO when Paul Carbone left the position in April to become COO at a specialty retail chain. She will report directly to Dunkin' Brands' CEO Nigel Travis.
As retail operators return to work this week after what was hopefully a busy Memorial Day weekend for them, they should be encouraged by some rare good news out of Washington, D.C. The industry had some big wins last week on very important issues. Republican House leaders wisely decided to remove language from the popular CHOICE Act that would have repealed the debit card swipe fee reforms the industry fought hard to pass in 2010.
Starbucks is keeping good on its latest national initiative.
The coffee giant said it will open a store in Dallas, in spring 2018, and Trenton, New Jersey, later this year, as part of its program to invest in at least 15 underserved communities across the U.S. by 2018. To date, Starbucks has opened six similar stores, including in Ferguson, Missouri, central Phoenix, and East Baltimore.
Walmart is on fire in grocery and capturing a bigger share from traditional supermarkets.
That's according to Loop Capital analyst Andrew Wolf, who estimates Walmart currently has a 21.5% market share in the U.S. traditional grocery market, reported CNBC.
"Wal-Mart is taking back share from the traditional supermarket at an accelerating rate," Wolf said.
A decade from now, there’s not likely to be a shopping center — a successful one, at least — without click-and-pick meals, several fitness options, and healthy food and beverage purveyors.
That was the take of Phillips’ Edison’s VP of national accounts Michael Conway during a session at the RECon show. Some things all centers will soon provide, according to Conway:
Self-checkout technology tops the list of items that IT professionals would like to see in use over the next year, according to a poll by CompCom.
“It’s perhaps not surprising to see self-checkout rise to the top in the poll, since paying for purchases is probably the least pleasurable part of the shopping experience, and making the process as quick and easy as possible is increasingly important to retailers," said Tom Alvey, senior VP, retail solutions group at CompuCom.
Despite increasing loyalty program membership enrollments, retailers continue to miss opportunities to satisfy shoppers.
Brands continue to invest more in loyalty programs, and enrollment has grown by 31% over the last four years. However, retailers are overlooking opportunities that will drive business results, according to “The Loyalty Report 2017.”
Lolli & Pops has entered into a partnership to grow its store portfolio.
The retailer, which specializes in high-end sweets and confectionary treats, is teaming up with retail real estate company GGP Inc. to open 30 new locations.
