Bon-Ton CEO to retire once successor named
Milwaukee — Bon-Ton Stores Inc. said Monday that its CEO Bud Bergren will retire his position once the company finds and hires his successor.
When a new CEO is in place, Bergren will transition to chairman; current executive chairman Tim Grumbacher will vacate the chair but remain a director. Bergren has been CEO since 2004.
The succession plans comes on the heels of same-store sales dips in October and a downwardly modified outlook for the year.
American Express launches Target prepaid card
New York City — American Express announced Tuesday that it has launched Target prepaid cards featuring email and text alerts.
The cards, sold exclusively at Target stores, work like debit cards and can be reloaded with cash, and are usually marketed to lower-income consumers who don’t have credit cards or checking accounts. Fees on cards can range widely depending on the issuer.
The new prepaid card has just two fees: $3 to load money on the card and $3 per ATM withdrawal after the first free withdrawal each month. There is no fee to reload money onto the card by phone or online.
Amex said cardholders will also be able to check their account histories online and receive email and text alerts when funds are low.
The card was initially launched in a pilot with about 100 Target stores in February and became more widely available in about 1,000 Target stores in recent weeks.
The Body Shop deploys RedPrairie execution management solution
Atlanta — Supply chain solution-provider RedPrairie Corp. said Tuesday that The Body Shop has gone live with RedPrairie Execution Management at more than 70 stores in Indonesia.
The cosmetics retailer plans to use the solution to streamline both head office and store processes, as well as promote improved efficiencies for in-store marketing activities including product introductions, planogramming, display setups, customer loyalty, and more.
“Execution Management’s Task Manager and Feedback Manager functionality was the most attractive to us right from the start,” said Venny Septianita, The Body Shop operations director.
The Body Shop will utilize Execution Management for improved visibility and control as the company embarks on strategic growth throughout Indonesia with plans to double the numbers of its Indonesian locations in the near future. The application is part of the RedPrairie Enterprise Workforce Management suite.