OPERATIONS

Casey’s COO takes on additional role as president

BY Staff Writer

Ankeny, Iowa — Casey’s General Stores reported that the board of directors elected Terry W. Handley to serve as president of the Company, effective immediately. He will continue to serve in his present role of COO.

“Terry has demonstrated tremendous leadership throughout his tenure at Casey’s,” said chairman and CEO Robert J. Myers. “Our customers, employees and shareholders have benefited greatly from his retail experience over the years, and his guidance will be valuable as the Company continues to grow throughout the Midwest.”

Handley has been with Casey’s for over 33 years and has served in various capacities including director of marketing, VP of food service, and senior VP of store operations. He was named COO in 2006.

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News

Study: Mobile POS grows rapidly in retail

BY Dan Berthiaume

Franklin, Tenn. — Overall, mobile technology has created a roughly $8 billion industry in retail/hospitality worldwide, with POS a major factor. According to a new study from IHL Research, “Mobile POS: Reaching Escape Velocity – All Systems Go,” tablet POS systems are growing at a more than 300% rate in specialty retailers compared to 2013 levels.

In addition, more than 50% of general merchandise retailers are either piloting or planning to roll out mobile POS during 2014. And 68% of survey respondents expect customer satisfaction levels to increase following a mobile POS rollout.

While most retailers still view mobile POS as an incremental customer touchpoint rather than as a wholesale replacement for fixed POS, retailers expect to purchase 20% fewer traditional POS terminals the next time they upgrade. This is true although IHL data shows that some retailers are reporting decreased customer and employee satisfaction levels once mobile POS is deployed.

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FINANCE

Mattress Firm names CFO

BY Staff Writer

Houston — Mattress Firm Holding Corp. announced the promotion of Alex Weiss to executive VP and CFO of the company, effective July 30, 2014, the beginning of the retailer’s third fiscal quarter. He succeeds Jim Black who transitions into the role of senior corporate advisor to Mattress Firm through the end of the current fiscal year.

“I am confident that Alex is well prepared to assume greater responsibility in leading our finance organization as we prepare for our next phase of growth,” said Steve Stagner, Mattress Firm’s president and CEO. “I would also like to thank Jim for his fourteen years of service as our chief financial officer. He has been an excellent partner for me over the years and has been instrumental in driving the growth of this company. We are pleased that he will continue with us through January 2015 to ensure a smooth transition of his duties to Alex.”

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