News

Target Announces Leadership Updates

by Katie Lee September 7, 2022

Minneapolis — Target Corporation has announced that Brian Cornell has committed to remain as CEO and lead the company for approximately 3 more years. Additionally, Arthur Valdez, executive vice president and chief supply chain and logistics officer, will retire from Target. He will be succeeded by Gretchen McCarthy, senior vice president, global inventory management, effective immediately. “In discussions about the company’s longer term plans, it was important to us as a board to assure our stakeholders that Brian intends to stay in his role beyond the traditional retirement age of …

September 7, 2022

franchise development News people restaurants

Church’s Texas Chicken Taps Industry Veteran for EVP of International Business

by Katie Lee September 6, 2022

Atlanta — Church’s Texas Chicken® has hired QSR industry leader Tim Waddell to take on the role of executive vice president of international business, effective September 6. Waddell brings extensive experience in the areas of global development, sales, marketing, operations and P&L management that will support the brand in its continued growth. “Tim’s expertise globally and within his category will help us propel our growth internationally. Tim is an accomplished, high-impact business leader with over 20 years of proven international development experience and has an outstanding reputation as someone who …

September 6, 2022

News people retailers

Bed Bath & Beyond Inc. Mourns the Loss of EVP and CFO

by Katie Lee September 6, 2022

Union, N.J. — According to Bed Bath & Beyond Inc., Gustavo Arnal, executive vice president and chief financial officer of the company, passed away on September 2, 2022. The entire Bed Bath & Beyond Inc. organization is profoundly saddened by this shocking loss. “I wish to extend our sincerest condolences to Gustavo’s family. Gustavo will be remembered by all he worked with for his leadership, talent and stewardship of our company. I am proud to have been his colleague, and he will be truly missed by all of us at …

September 6, 2022

construction and design franchise development News restaurants

Au Bon Pain Reveals New Bakery-Cafe Design

by Katie Lee September 6, 2022

Dallas — Au Bon Pain, the bakery-cafe brand known for its gourmet convenience, has revealed a bold new store design. Planned to roll out companywide in 2023, the new design continues Au Bon Pain’s forward momentum started in July 2021, when franchisee Ampex Brands acquired the brand and its CEO Tabbassum Mumtaz pledged “to lead the bakery-cafe segment into the future.” The new design builds on customers’ new reality, where convenience and off-premise reign, without straying from Au Bon Pain’s roots as a French bakery serving freshly made, high-quality and …

September 6, 2022

construction and design News retailers

Meijer Introduces New Grocery Store Concept

by Katie Lee September 2, 2022

Grand Rapids, Mich. — On Sept. 1, 2022, Meijer introduced a new brick-and-mortar store concept — Meijer Grocery — that will provide convenience for customers who are looking for a simplified shopping experience, while providing communities easier access to fresher foods. The first two Meijer Grocery stores will open in early 2023. The new stores will open in neighborhoods within southeast Michigan’s Orion and Macomb townships. The new concept is the retailer’s latest since first introducing the neighborhood market small format concept in August 2018 with the opening of Bridge …

September 2, 2022

News people restaurants

Starbucks Names Next Chief Executive Officer

by Katie Lee September 2, 2022

Seattle — Starbucks has selected Laxman Narasimhan as its next chief executive officer and a member of the Starbucks board of directors. Narasimhan will join Starbucks as incoming CEO on October 1, 2022 after relocating from London to the Seattle area and will work closely with Howard Schultz, interim CEO, before assuming the CEO role and joining the board on April 1, 2023. Narasimhan brings nearly 30 years of experience leading and advising global consumer-facing brands. Known for his considerable operational expertise, he has a proven track record in developing …

September 2, 2022

News people restaurants

Mo’ Bettahs Promotes President to CEO

by Katie Lee September 1, 2022

Salt Lake City — Mo’ Bettahs Hawaiian Style Restaurant has promoted its president, Robert Ertmann, to chief executive officer. He has served as president of the brand since 2021. Mo’ Bettahs will look to his guidance and leadership as the brand continues its nationwide expansion, including its entrance into three new markets over the next few months. “Savory has watched Rob carefully over the past year, and we have concluded that there is no one better suited for the growth and scale of our beloved Mo’ Bettahs brand,” says Andrew …

September 1, 2022

News people retailers

Bed Bath & Beyond Realigns Executive Team; Begins Closing 150 Stores

by Katie Lee August 31, 2022

Union, N.J. — Bed Bath & Beyond Inc. aims to go back to basics: to better serve customers, drive growth and deliver business returns. To that end, Bed Bath & Beyond has realigned its executive team and also has begun closing approximately 150 lower-producing Bed Bath & Beyond banner stores. “We are announcing immediate actions aimed to increase customer engagement, drive traffic and recapture market share,” says Sue Gove, director & interim CEO. “This includes changing our merchandising and inventory strategy, which will be rooted in national brands. Additionally, we …

August 31, 2022

News retailers software/technology vendors

Position Imaging Expands Executive Team, Names SVP of Operations

by Katie Lee August 30, 2022

Stratham, N.H. — Position Imaging, Inc, a pioneer in package logistics and asset tracking technology, has added Lucas Carvalho as senior vice president of operations. Carvalho will lead all Global Operations, Service, Fulfillment and Human Resources across all of Position Imaging’s business units. The company is now adapting its tracking technology to retail logistics. Before joining Position Imaging, Carvalho, in his role as executive vice president of corporate resources, spent 17 years leading the team at BAMSI, an organization with over 2,000 employees operating out of 120 locations throughout Massachusetts. …

August 30, 2022

construction and design News restaurants software/technology vendors

Panera Tests New AI Ordering Technology for Drive-Thru Lanes

by Katie Lee August 30, 2022

St. Louis — On Aug. 29, 2022, Panera Bread began testing AI technology in drive-thru lanes with an aim to improve and enhance the guest experience. With support from OpenCity, select Panera bakery-cafes in the greater Rochester, N.Y., area have implemented OpenCity’s proprietary voice AI ordering technology, called “Tori,” for drive-thru orders, with the goal of maximizing efficiency and increasing speed of orders. Guests at Panera Bread cafes in Greece, N.Y., and Webster, N.Y., are the first Panera locations to experience this drive-thru innovation. Tori is installed at these select …

August 30, 2022

Newer Posts

Older Posts