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  • CPG marketers join social firm

    Brand marketing veterans Chris Burggraeve and Ted McConnell are the newest members of the board of industry advisors at Syncapse, a leading social performance management company.

    Burggraeve is the former chief marketing officer of Anheuser-Busch InBev and founder of Vicomte LLC. McConnell is a former director of marketing innovation at Procter & Gambler and EVP of digital at the Advertising Research Foundation.

  • 7-Eleven completes purchase of 12 Fast Track stores

    Dallas -- 7-Eleven announced that it has completed the purchase of 12 stores from Fast Track  in Central North Carolina, including Winston-Salem. Terms of the agreement are not disclosed.

    Remodeling of the units to transform them into 7-Eleven stores gets underway in late November and rebranding is expected to be complete by mid-February 2013.

  • Wegman and Smucker honored by GMA

    The Grocery Manufacturers Association named Danny Wegman and Timothy Smucker as the 2013 inductees into the trade group’s Hall of Achievement.

    Danny Wegman serves as CEO of Wegmans Food Markets and Tim Smucker serves as chairman of the J.M. Smucker Company. The pair will receive the Hall of Achievement honor when GMA gathers in Scottsdale, Arizona on January 19 for the annual Chairman’s Lecture held in conjunction with the Food Marketing Institute’s midwinter conference.

  • Best Buy hires former Willilams-Sonoma exec as CFO

    Minneapolis -- Best Buy has hired Sharon McCollam, formerly CFO of Williams- Sonoma Inc., as CFO, beginning Dec. 10.

    McCollam, 50, had been COO and CFO at the home goods retailer before retiring. She also takes the title of chief administrative officer at Best Buy.

    McCollam replaces James Muehlbauer, who said he was leaving in October. Muehlbauer will continue to advise the company until the end of the fiscal year in February.

     

  • Mobile mindset key to a Merry Christmas

    Smartphones will be retailers’ friend this holiday season, according to Deloitte’s annual survey of spending intentions and trends.

  • Dillard’s well positioned for holidays

    Solid third quarter results have Dillard’s feeling good about the holidays.

    Dillard’s third quarter merchandise sales for the quarter ended October 27 increased 4% to more than $1.4 billion, same store sales increased 5% and operating profits increased 84% to nearly $73 million. Gross margins expanded 40 basis points to 37.1% and same store inventory levels were down 1%.

  • Zale expands U.S. customer financing options

    Dallas -- Zale Corp. today announced the addition of consumer finance company, Genesis Financial Solutions, Inc., to its U.S. alternative financing program.

    The partnership with Genesis is consistent with the company’s strategy to enhance access to financing for its customers. This new financing option, which became available in October, is offered in Zales, Zales Outlet and Gordon’s retail stores.

  • Consumer confidence jumps

    New York -- Confidence among consumers hit a five-year high in November, boding well for retailers as they head into the holiday season.

    The index of consumer sentiment from Thomson Reuters/University of Michigan rose to 84.9 in November from 82.6, topping economists' expectations for a reading of 83.

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