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OPERATIONS / SUPPLY CHAIN

  • Johnny Rockets goes to school

    Aliso Viejo, Calif. – Count Johnny Rockets among those looking forward to starting college later this year. Johnny Rockets is launching a further expansion into college and university campuses through its Express prototype.

    Johnny Rockets Express, a quick-service prototype aimed at universities, airports, malls and other entertainment destinations, offers flexible floor plans with options ranging from a 150-sq.-ft., free-standing kiosk to a 1,100-sq.-ft. restaurant.

  • Barnes & Noble names Toys ‘R’ Us exec as digital, Nook chief

    New York – Barnes & Noble Inc. is not playing around when it comes to digital retail or its Nook e-reader. The retailer has named Frederic D. Argir as VP and chief digital officer overseeing the e-commerce and Nook businesses, which are part of the retail division.

    Argir joins Barnes & Noble from Toys ‘R Us Inc., where he also served as chief digital officer. Barnes & Noble also said that Mahesh Veerina, president of the Nook consumer business, will leave the company on Feb. 1, 2016.

  • Francesca’s names Limited veteran to board

    Houston – Francesca’ Holdings Corp. has appointed Martyn Redgrave as a member of the board of directors. Redgrave served as Limited Brands' executive VP and chief administration officer from March 2005 to August 2012 and also served as CFO from January 2006 to May 2007.

  • Top 3 reasons we need robots in malls

    New York — Coming soon to a mall near you…robots?

    Mike Kercheval, president and CEO of the International Council of Shopping Centers, is making the case for the use of robots in shopping malls. In an op-ed commentary on CNBC.com,  Kercheval says the robot's potential on the front lines of retail is limitless—and soon, he adds, “it will be difficult to imagine a visit to the local mall without them.”

    Here are three reasons Kercheval says we need robots in malls:

  • Mavericks CEO jumps to Under Armour

    Baltimore –  An executive from the sports world is moving into the retail arena.

    Terdema L. Ussery II has joined Under Armour Inc. as president, global sports categories, effective Sept. 14, 2015. Ussery previously served as the president and CEO of the Dallas Mavericks NBA team for the past 18 years.

    In his new position, Ussery will be responsible for spearheading category management across all key brand and business units around the world to drive authenticity and connectivity with consumers.

  • Cabela’s Club Visa ready for growth

    Sidney, Neb. – Cabela’s Inc. has 400 million new reasons to feel confident about the growth of its Club Visa credit card portfolio.

    The retailer has closed a $400 million securitization transaction, including $240 million of Class A-1 Notes with fixed annual interest of 2.25%, and $100 million of Class A-2 Notes with interest at a floating rate equal to one-month LIBOR plus 0.67% per year.

  • Kroger sustains environmental efforts

    Cincinnati — The Kroger Co. is sustaining efforts to be more environmentally sound and humane in its business practices.

    The grocery giant released its 2015 sustainability report, which included 33,000 tons of waste recycled at 1.061 stores in 2015, a 12% year-over-year increase.

    Other highlights from the report include:

  • Proposed Revisions to Overtime Exemptions: The Impact on Retail

    The Department of Labor’s long-awaited proposed revisions to the “white collar” overtime exemptions are finally here – at least, in part.  On June 30, 2015, the DOL unveiled its proposed revisions to the required salary levels for many of the “white collar” exemptions to the FLSA’s overtime requirements.(The FLSA establishes minimum wage, overtime pay, recordkeeping, and youth employment standards affecting employees in the private sector and in Federal, State, and local governments.)

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