News

Brisbane, Calif. – Bebe Stores Inc. is reportedly considering selling the business. According to Reuters, an anonymous source with inside knowledge said Bebe has hired Guggenheim Securities to help evaluate a possible sale.

Green Mountain Coffee Roasters, the company behind Keurig brewing technology, and retailer Krispy Kreme announced that the companies have reached an agreement to bring Krispy Kreme signature coffee to K-Cup packs for the Keurig brewing system.

The companies are set to launch Krispy Kreme coffee K-Cups in both Smooth and Decaf by the end of 2014. The packs will be available at Keurig.com and KrispyKreme.com, as well as select Krispy Kreme shops, grocery, retail and away-from-home channels across the United States.

Bentonville, Ark. -- Wal-Mart Stores Inc. will hold its annual shareholders meeting on June 6.

The meeting will be at Bud Walton Arena on the University of Arkansas campus at Fayetteville.

Hudson’s Bay CFO Michael Culhane has resigned his spot following a leave of absence from the company. The news comes two weeks after the company brought in Douglas Scovanner as EVP of finance and accounting on an interim basis to support company president Donald Watros, who assumed the role of acting CFO.

Atlanta -- The Home Depot announced the opening of its new direct fulfillment center, in Locust Grove, Ga. It is the first of three such facilities the company will open across the United States over the next two years, adding more than three million square feet and approximately 1,000 jobs to its supply chain.

Sears has launched a new service powered by the chain’s Shop Your Way mobile app that enables customers to pick up their online purchases at any Sears store within five minutes of arrival.

Waconia, Minn. - Mackenthun's Supermarket hopes to gain insight into shopper behavior through analyzing scans performed with the ShopWell nutrition personalization app. Shopper preferences and behaviors can now be segmented by gender, age, food allergies, or nutritional goals.

New York – The Jones Group Inc. reported mixed results for the fourth quarter and fiscal year 2013, with net loss and net sales falling in both periods compared to the same periods a year earlier. Net loss fell to $47.1 million from $80.1 million during the fourth quarter, and to $19.7 million from $55 million during the full year.

However, net sales declined 8.5% to $876.5 million from $958.3 million during the quarter, and fractionally to $3.72 billion from $3.75 billion during the full year.