News

NEW YORK — Walmart is ditching plans to build three stores in Washington, D.C., after the city council passed a bill on late Wednesday setting a higher minimum wage for large retailers.

“This was a difficult decision for us — and unfortunate news for most D.C. residents — but the council has forced our hand,” said Wal-Mart spokesman Steven Restivo in a statement released after vote, which passed 8 to 5.

LOS ANGELES — PriceGrabber, a division of CPL Holdings, has appointed Jeff Goldstein as president. In his new role Goldstein will direct strategy and oversee the day-to-day operations of the business. 

WASHINGTON, D.C. — The Grocery Manufacturers Association has appointed Jim Flannery as the company’s senior EVP, operations and industry affairs.

“I am pleased that Jim Flannery is joining the GMA team,” said Pamela G. Bailey, GMA president and CEO. “Given his life-long experience and success in the consumer packaged goods industry, and his in-depth knowledge of so many of the important issues GMA manages on behalf of its members, no one is better positioned than him to advance GMA’s member-driven agenda.”

NEW BERLIN, N.Y. — Greek yogurt brand Chobani has appointed former Kellogg executive David Denholm as the company’s president and COO, effective July 29. The company has also appointed Peter McGuinness as chief marketing and brand officer, effective July 22.

The company will look to the two executive leaders to help it focus on growth strategies and capitalize on the momentum behind the brand, which reached more than $1 billion in sales since its launch in 2007.

MINNEAPOLIS — Target is aiming its latest digital marketing campaign at college students and their families just in time for the back-to-school season.

Called the Bullseye University Digital Experience, the multichannel marketing effort features popular YouTube personalities in a life-size "dorm" and allows people to buy items from the "dorm" between Monday and next Thursday and enter contests to win college gear.

SOMERSET, N.J. — The Nutella brand is trying its hand at e-commerce with the launch of the Nutella Boutique, which will offer branded apparel and accessories.  

T-shirts, messenger bags that hold up to nine jars of Nutella — or a laptop — and Nutella spreaders are among the product offerings available on the e-commerce site. 

A five-year plan spearheaded by Walmart, Gap and other U.S. retailers requiring factories in Bangladesh to be inspected within a year is under fire, according to a Bloomberg report.

JACKSONVILLE, Fla. — Stein Mart reported total sales for the five-week period ended July 6, of $109 million, an increase of 2.6% from $106.3 for the prior-year period. Comparable store sales increased 6.5%.

Walmart, Target, Best Buy and other retailers created a cooperative nearly a year ago to develop a mobile payment approach and this week they welcomed another major player to the fold.

BRISBANE, Calif. — Global specialty retailer Bebe reported retail sales of $109 million for the fourth fiscal quarter ended July 6, a decrease of 8.5% compared to $119.1 million for the fiscal quarter ended June 30, 2012. 

Comparable store sales for the quarter decreased 7.1% compared to a decrease of 2.5% in the fourth fiscal quarter of the prior year. The decrease was primarily driven by the negative comparable store traffic during the quarter, with April being the most negative.