News

Chicago - Easy2Find is a new online analytics tool designed to simplify food industry research and intelligence at the unit level. It is a joint service offering that joins foodservice data analytics provider CHD Expert and research and consulting firm Technomic.

Easy2Find lets chains see and understand a restaurant's footprint in any given geographic market and restaurant segment. It is designed to allow users to find where competitors are opening new unit locations and how they impact sales, helping to uncover market expansion potential.

New York -- From indie favorites to mass-market British brands, here are seven retailers getting ready to make their U.S. brick-and-mortar debut:

1. Nasty Gal

Minneapolis -- Best Buy has exceeded its goal of reducing energy consumption by 20% by 2020 as part of the Department of Energy’s Better Buildings Challenge issued by President Barack Obama in 2011.

Orlando, Fla. -- Darden Restaurants on Friday said it has reached an agreement to sell its struggling Red Lobster chain to private equity firm Golden Gate Capital for $2.1 billion.

"Red Lobster is exactly the type of company in which we seek to invest given its great brand profile and strong management team,” said Josh Olshansky, managing director at Golden Gate Capital. “We see significant opportunities for future growth by partnering with Kim Lopdrup and the management team to support the long-term success of Red Lobster."

New York -- Google announced that it will accept PayPal as a method of payment, in addition to credit cards, carrier billing, and gift cards, for its Play Store. The announcement came as a surprise in that PayPal is essentially a competitor to Google’s own Wallet service.

Seattle -- Nordstrom Inc.’s net income for the first quarter fell 3% to $140 million from $145 million in the year ago period, reflecting heavy investments in technology to support omnichannel initiatives and the retailer’s debut in Canada. Its earnings still topped Street views. The company plans to open three full-line stores and 17 Nordstrom Rack stores during the remainder of fiscal 2014

Walmart’s new convenience store test concept, Walmart To Go, is located in its hometown of Bentonville, Arkansas.  

The approximate 2,500-sq.-ft. store is a hybrid. Part grocery store, part c-store and part quick-serve restaurant, it offers a mix of groceries, c-store staples, and refrigerated and fresh prepared foods, complete with a deli counter. Products are priced the same as they would be in a regular Walmart store.     

Former Federal Reserve chairman Ben Bernanke is scheduled to deliver a keynote address at the National Association of Chain Drug Stores (NACDS) Total Store Expo later this year.

The trade group said Bernanke would participate in the business program at its Total Store Expo on August 24 in Boston. Bernanke served as chairman of the Federal Reserve from 2006 through 2014 and oversaw the central bank during one of the nation’s most tumultuous financial periods.

Same store sales and operating profits declined at Sam’s Club during the first quarter prompting president and CEO Rosalind Brewer to call the reporting period, “one of our more difficult quarters.”

In a case of art imitating life, Walmart stores are featuring a pallet display of paperback books featuring a fictional cowboy who competes in the real world Professional Bull Riders organization led by a former Walmart executive.