News

Virtual Piggy, the provider of safe youth payments technology Oink, has teamed up with WorldPay US to increase its strategic 2014 merchant acquisition plans within the teen market.

The WorldPay payment processing platform is used for in-person credit and debit transactions, online and mobile payments. According to Oink, its relationship with WorldPay will bring the safe youth payments technology to the WorldPay merchant network and facilitate integrations into teen-focused retail websites and shops.

New York -- Eminence Capital, which owns 4.9% of the common stock of Jos. A. Bank Clothiers and has been pushing for a deal between the retailer and rival Men’s Wearhouse, has nominated two industry veterans for election as directors to the board at Jos. A. Bank's annual meeting. The nominees include: Bruce J. Klatsky, former chairman of Phillips-Van Heusen Corporation, a position he held from 1994 until June 2007, and Norman S. Matthews, former president of Federated Department Stores and active and former board member of other retail and consumer companies.

In anticipation of Super Bowl XLVIII, Macy’s has opened an exclusive NFL Shop at Super Bowl on the fourth floor of its flagship Herald Square in New York City. Macy’s will keep the 36,000-sq.-ft. space open through Tuesday, Feb. 4.

By Jonathan Barsade, [email protected]

Campbell Soup Company has named Dave Biegger as SVP of global supply chain, with responsibility for engineering, procurement, manufacturing, logistics, customer service, quality and facilities. The appointment is effective April 1.

Biegger succeeds David White, who will retire from the company after 10 years of service, the company said.

Rocklin, Calif. - Sleep Train, Inc. has gone live with ARC Merchandise Analytics, a cloud-based advanced analytics solution from Manthan Systems, including support for merchandising, marketing, stores and the executive team.

Minneapolis – Target Corp. continues to take steps in response to the holiday data breach that may have exposed the personal and financial data of up to 110 million consumers to hackers. The Wall Street Journal reports that Target shut down remote access to two internal sites in the aftermath of the massive attack.

Johnson & Johnson cited the strength of key brands in its U.S. over-the-counter business as one of the driving factors that led to what chairman and CEO Alex Gorsky called “outstanding” results for the fourth quarter.

The company reported sales of $18.4 billion for the quarter, an increase of 4.5% as compared to the prior-year quarter. Operational results increased 6.3%. Domestic sales increased 7.4%, while international sales increased 2.4%, reflecting operational growth of 5.6%.