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OPERATIONS / SUPPLY CHAIN

  • Cardtronics to acquire EDC ATM and Efmark Deployment

    Houston -- ATM owner Cardtronics said Tuesday that its USA subsidiary will acquire EDC ATM Subsidiary, LLC and Efmark Deployment I, for approximately $145 million.

    The transaction doubles Cardtronics ATM placements in multiple states, giving the company about 3,700 ATMs, as well as numerous ATM placement agreements with high-traffic U.S. retailers and ATM branding contracts with some of the country’s largest financial institutions.

  • Survey: Global consumers increasingly anxious about the future

    Boston -- A survey released Tuesday by the Boston Consulting Group found that a growing number of consumers around the world are growing more anxious about the future, and are planning to reduce or maintain -- but not increase -- their spending.

  • Wal-Mart women vow to continue bias fight

    Washington, D.C. -- A Bloomberg report on Tuesday said that the women who sought to sue Wal-Mart Stores for gender bias on behalf of 1.5 million co-workers said they will continue the fight in smaller lawsuits in lower courts and claims with the U.S. Equal Employment Opportunity Commission.

    The U.S. Supreme Court on Monday said the women failed to prove that Wal-Mart had a nationwide policy that led to gender discrimination, precluding a class action and forcing the plaintiffs to pursue claims on their own.

  • Asda COO quits company

    London -- A Tuesday report by Bloomberg said that the COO of Wal-Mart’s Asda supermarket unit has quit after just six months in the position.

    Bloomberg, which sourced a report in the Daily Telegraph, said that Simon King, a former head of Tesco PLC’s Turkish operations, left immediately. No successor has yet been named.

  • Guess co-founder and chairman to retire

    Los Angeles -- Guess announced Monday that its co-founder and chairman Maurice Marciano will retire as chairman in January 2012, at the end of the company’s fiscal year.

    Marciano will continue as non-executive chairman of Guess' board of directors, and the company will retain him for two years as a consultant.

    Marciano, who hails from southern France and with his brothers founded Guess in 1981, was CEO and co-CEO from 1993 to 2007.

  • Report: Carrefour CEO to take chairman reins

    Paris -- The Carrefour SA board of directors on Tuesday approved a plan for its CEO Lars Olofsson to also assume the role of chairman. According to a report by the Wall Street Journal, Olofsson will take over as current chairman Amaury de Seze announced Tuesday that he would step down.

    "The time has come to reunite the two functions," De Seze said. He will remain on Carrefour's board.

  • GNC president resigns company

    Pittsburgh -- GNC Holdings announced Monday that its president and chief merchandising and marketing officer Beth Kaplan has resigned the company.

    After three-and-a-half years in the position, Kaplan cited a desire to pursue personal interests as reason for the departure. She will also resign as a director of the company.

    Joe Fortunato, CEO, will reassume the title of president of GNC.

    In related news, Amy B. Lane has joined GNC Holdings’ board of directors, replacing Kaplan.

  • Cheesecake Factory to use PeopleAnswers for pre-employment selection

    Dallas -- Web-based hiring assessment provider PeopleAnswers said Tuesday that The Cheesecake Factory will use the PeopleAnswers HR solution in its 164 restaurants to pre-screen and select hourly staff.

    The objective is to fill each position with individuals who will help maintain The Cheesecake Factory’s quality brand.

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