News

Target has appointed Peter Glusker as SVP, new business integration and operations. Glusker will lead the integration of new acquisitions and comes onboard just two weeks after the company terminated chairman and CEO Gregg Steinhafel.

Office Depot has integrated its Office Depot and OfficeMax brands by launching on Sunday a single, combined insert offering savings on products and services being offered at both retail banners.

The move marks the first advertisement where Office Depot and OfficeMax customers will see the two national brands together as one.

Boca Raton, Fla. - Office Depot and OfficeMax are now offering a single, combined insert in Sunday newspapers representing products and services being offered at both brands’ retail stores. The move marks the first advertisement where Office Depot and OfficeMax customers will see the two national brands together as one.

The insert also features tips on additional ways customers can shop via website, mobile app or via phone.

By Jason Fredrickson, Guidance Software

Kansas City, Mo. - Healthy options are becoming increasingly important to customers of quick-service restaurants (QSRs). These latest trends are detailed in a new white paper, "QSRs and America's Changing Tastes," by Sullivan Higdon & Sink (SHS) FoodThink.

Key takeaways from this white paper by SHS FoodThink that hint at a desire for more from QSRs:

• Forty-eight percent of consumers want more opportunities to customize orders.

• Fifty-one percent want QSRs to give them more options for sides.

Propel Equity Partners, a private equity firm focused on investing and creating value in leading consumer brands, has acquired Summit Products.

The assets of Summit Products, which include Backyard Safari, Zillionz, Covert Force, Test Pilot And Stink Bugzzz brands, will be incorporated into the Alex Brands family of leading toy brands.

Minneapolis – Target Corp. cut the compensation of former CEO Gregg Steinhafel to $13 million in fiscal 2013 from $20.6 million in fiscal 2012. According to a regulatory filing, Target decided to reduce Steinhafel’s total compensation after holding meetings and calls with shareholders owning 40% of total company shares and two proxy advisory firms.

Newell Rubbermaid has opened a state-of-the-art design center in Kalamazoo, Mich., joining a growing list of design-driven companies that recognize design and innovation as a competitive advantage.