News

Johnny Rockets names casual dining vet as CFO
Johnny Rockets, the franchisor and operator of Johnny Rockets restaurants, has named Susanne Stover as its CFO and member of its executive team. Stover will be reporting directly to CEO Charles Bruce, and will lead and implement strategies to drive growth and a financial infrastructure.

Stover is no stranger to the casual dining segment. She has held leadership positions as the CFO for the Rosa Mexicano restaurant chain and controller at the casual dining restaurant chain California Pizza Kitchen.
SPECS 2016: The ‘Store Transformed’ comes to Dallas
For more than 50 years, retail store planning, construction and facilities executives have gathered for the annual SPECS conference to assess key industry challenges and invent the future. That will be the case again this year, as SPECS focuses on the transformation and evolution of physical stores in a digital age.

Second quarter brings cheer to Coach

A timely acquisition helped Coach Inc.’s post a sales gain in the second quarter — its first quarterly increase in 10 quarters.

The handbag and accessories retailer’s total sales increased 4.0% in the quarter ended December 26, to $1.27 billion, up from $1.22 billion in the year ago period.
Kroger fuels fandom with gas sweepstakes

Kroger customers are about to find out "how low" gas prices can go with a new contest from the nation's largest supermarket chain.

With Kroger's newest #FuelPointsSweeps giveaway, customers have a chance to win free fuel for a month, not to mention pay as little as 1 cent for a gallon of gas.
The Great Trade-In is back at Toys 'R' Us

Toys "R" Us is urging shoppers to bring in their recalled and outdated baby items during its annual Great Trade-In event next month at stores nationwide.

The event will take place at Babies "R" Us and Toys "R" Us stores Feb. 1 through Feb. 29. And, new this year, the company's Rewards"R"Us loyalty members can take advantage of early access to the in-store event beginning Jan. 29, by showing their Rewards"R"Us card during checkout.
3D Printing: Protecting brand owners against counterfeiters

Since their meteoric rise last year, 3D printers have captured the imaginations of consumers and businesses alike. 3D printers work like inkjet printers on steroids — rather than depositing a single layer of ink, 3D printers spin out successive layers until a final product is created based on a computer-aided design (“CAD”) blueprint.
The Great Trade-In is back at Toys"R"Us

Toys"R"Us is urging shoppers to bring in their recalled and outdated baby items during its annual Great Trade-In event next month at stores nationwide.

The event will take place at Babies"R"Us and Toys"R"Us stores Feb. 1 through Feb. 29. And, new this year, the company's Rewards"R"Us loyalty members can take advantage of early access to the in-store event beginning Jan. 29, by showing their Rewards"R"Us card during checkout.
Walmart alerts shareholders to unsolicited 'mini-tender' offer

Wal-Mart Stores has learned that TRC Capital Corporation has made an unsolicited “mini-tender” offer dated Jan. 20, 2016, the company announced Tuesday. TRC has offered to purchase up to 2 million shares of Walmart’s common stock at $59.88 per share. The offering price is approximately 4.3% below the closing price per share of Walmart’s common stock on Jan. 19, 2016, the last trading day before the commencement of the offer.

Walmart is not associated with TRC and recommends that shareholders reject this unsolicited offer.
Consumers and impulse buying — perfect together

Impulse buying is alive and well in the United States.
Study: 'Evolving drivers' fuel consumer food purchases

Consumers have begun to weigh a new set of factors when purchasing food and beverages, according to a new joint study by Deloitte, the Food Marketing Institute and the Grocery Manufacturers Association.