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Chico’s FAS, Inc. Appoints SVP of Merchandising & Design at Soma®

by Katie Lee

Fort Myers, Fla. — Chico’s FAS, Inc. has named Christine Munnelly as the senior vice president of merchandising & design at Soma®. She will be responsible for the product, design and overall strategy for Soma and will report directly to Molly Langenstein, CEO and president of Chico’s FAS. With over 35 years of experience in the corporate retail landscape working for an accomplished portfolio of vertical specialty and department stores, Munnelly is a veteran in leading talented and diverse teams in merchandise lifecycle strategy, product development, e-commerce and building consumer-centric …

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TGI Fridays Inks Most Significant Development Agreement in Company History

by Katie Lee

Dallas — TGI Fridays plans the development of 75 new restaurants throughout South and Southeast Asia over the next 10 years in partnership with Master Franchisor Universal Success Enterprises. The deal, which is expected to drive over $500 million in revenue for the U.S.-based company over 10 years, is the most significant development agreement to date for the brand. This latest development deal is core to TGI Fridays’ strategic global expansion strategy — as growth of the casual restaurant category internationally continues to thrive. The brand currently has 385 franchised …

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Crayola Experience to Open 5 New Locations Through 2027

by Katie Lee

Forks Township, Pa. — Crayola has entered into an agreement with BrightColors LLC to open at least five new Crayola Experience venues, doubling Crayola’s presence in the U.S. The company’s portfolio currently includes five locations in Easton, Pa.; Orlando, Fla.; Bloomington, Minn.; Plano, Texas; and Chandler, Ariz. Last November, Crayola began actively seeking partners to extend its footprint domestically and internationally. The Forks Township, Pa.-based company’s first multi-venue licensing agreement will be with BrightColors, which is working with partner Kingsmen Xperience Inc. to open the new locations over the next …

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International Dairy Queen Names New COO, International

by Katie Lee

Minneapolis — International Dairy Queen Inc. (IDQ) has hired Nicolas Boudet as chief operating officer, international. Boudet will lead the international business, including operations, franchise development, supply chain and marketing in more than 20 countries outside of the U.S. and Canada. He brings more than 20 years of business leadership experience at well-known, globally recognized hospitality and quick-service restaurant brands. Boudet most recently served as senior vice president global development and president of international at Wingstop Restaurants, Inc. Before joining Wingstop in 2018, he was executive vice president and group …

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Sparc Group Appoints New CEO of Reebok

by Katie Lee

New York City — Sparc Group, a full-service lifestyle brand operating company, has appointed Todd Krinsky as the new CEO of Reebok. Krinsky succeeds Matt O’Toole, who has been leading Reebok for over 15 years and will be joining Authentic Brands Group, owner of the Reebok brand, in 2023. Krinsky, a 30-year veteran at Reebok, has been a member of the brand’s senior leadership team for more than a decade. In his new role, Krinsky will lead the team in implementing Reebok’s growth strategy, which leans into the brand’s authentic …

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Cantaloupe Inc. Names New CEO and CTO

by Katie Lee

Malvern, Pa. — Cantaloupe, Inc., a digital payments and software services company that provides end-to-end technology solutions for the unattended retail market, has named Ravi Venkatesan as chief executive officer, effective October 1, 2022. Venkatesan, who currently serves as Cantaloupe’s COO, will succeed Sean Feeney, who will retire from Cantaloupe on September 30, 2022. Feeney will step down from the board of directors and Venkatesan will join the board of directors, effective October 1, 2022. “On behalf of the board of directors, I would like to congratulate Ravi on this …

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Nordstrom Rack Expanding Footprint in the Northwest with 3 New Stores

by Katie Lee

Seattle — Seattle-based fashion retailer Nordstrom, Inc. plans to open three new Nordstrom Rack stores this fall. The new stores will open in Union Gap, Wash.; Olympia, Wash.; and Salem, Ore. “We look forward to opening these new Nordstrom Rack locations in Union Gap, Olympia and Salem communities, strengthening our network of stores, and introducing new customers to the Rack’s unique product offering,” says Carl Jenkins, senior vice president of Nordstrom Rack Stores. With the addition of these three new locations, Nordstrom will operate 12 Nordstrom Rack stores and six …

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Starbucks Enters New Era of Growth Driven by 3-Year Reinvention Plan

by Katie Lee

Seattle — At Starbucks’ recent biennial Investor Day in Seattle, interim CEO Howard Schultz, CFO Rachel Ruggeri and other Starbucks leaders showcased the company’s Reinvention plan, which aims to invest in partners, customers and stores. The plan is expected to accelerate the company’s long term growth, progressively expand operating margin and drive high-teens non-GAAP EPS growth annually through fiscal 2025. “As we execute on our Reinvention plan, we are building on our 51-year history of market leading innovation to position our business and our brand for the next chapter of …

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WaBa Grill Inks 20-Store Development Deal for Northern California

by Katie Lee

Anaheim Hills, Calif. — WaBa Grill is growing its footprint throughout Northern California with a new development deal that will bring 20 more restaurants from Fresno to Sacramento. The 20-store development deal was signed by longtime WaBa Grill franchisees Gurpreet and Navreet Boparai, who currently own and operate three WaBa Grill locations in Ventura County. The Boparais now will develop the brand in 16 California counties, some being first-time markets. “One of our primary development goals has always been the expansion of WaBa Grill throughout the West with strong and …

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Ballard Designs Debuts Design Studio Store Concept

by Katie Lee

West Palm Beach, Fla. — Ballard Designs has chosen West Palm Beach, Fla., as the location of its inaugural Interior Design Studio concept store, and this month opened a newly renovated 2,500-square-foot space to become Ballard’s 17th retail location nationwide. “We’re so excited to launch our first ever Design Studio in this area because our 40+ years of client buying trends and business data tell us that the people of West Palm Beach love Ballard Designs,” says Dominic Milanese, vice president of retail for Ballard Designs. The new retail studio …

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