DemandTec and Tops Markets renew agreement
San Francisco — DemandTec announced that Tops Markets has renewed its subscription to multiple DemandTec pricing and promotion software services on the network.
A customer since 2008, Tops leverages DemandTec services across core merchandising and marketing functions that touch pricing, promotion, and collaborative deal management processes.
"At Tops, each store is customized to fit the community it surrounds, requiring countless steps of time-critical workflow,” said Kevin Darrington, COO of Tops Markets, which operates 133 supermarkets in upstate New York and northern Pennsylvania. “With DemandTec, Tops simplifies and automates promotion, trade, and pricing processes, enabling us to improve productivity so we can focus our time on meeting the dynamic needs of our shoppers."
Whole Foods now selling friendlier meat
AUSTIN, Texas — Whole Foods Market announced that all fresh beef, pork and chicken sold in its U.S. stores is now certified under the 5-Step Animal Welfare Rating system.
According to Whole Foods, the 5-Step Animal Welfare Rating system, the signature program of the nonprofit Global Animal Partnership, is designed to help address growing public concern about animal welfare. The rating system identifies incrementally higher welfare practices and conditions within farm animal production systems. Independent third-party certifiers audit and rate farms’ animal welfare practices and conditions using a tiered system that ranges from Step 1 (no crates, cages, or crowding) to Step 5+ (animals spend their entire lives on one farm).
Whole Foods Market said it is the first retailer to adopt the 5-Step Animal Welfare Rating system. With the goal of improving the lives of farm animals, the company began rolling out the system in February. Now, all fresh beef, pork and chicken sold in its U.S. stores meat departments carry a Step certification. To date, more than 1,300 farms and ranches have been certified, which means that approximately 140 million farm animals are raised in welfare-focused environments. Signs and stickers throughout Whole Foods Market meat departments identify these Step ratings.
"Whole Foods Market has worked hand-in-hand with our producers for many years to encourage a humane approach to raising animals. Now, the 5-Step Animal Welfare Rating system provides a way to engage and reward these producers by promoting continuous improvement in farm animal welfare," said Anne Malleau, global animal production and welfare coordinator for Whole Foods Market. "This rating system also informs our customers about how the animals are raised for the meat they are buying."
Former Gap exec fills Children’s Place COO spot
SECAUCUS, N.J. — The Children’s Place Retail Stores search for someone to oversee its finance and operations appears to have come to an end as the company has announced the appointment of Eric Bauer as COO. He will report to Jane Elfers, president and CEO, and will be responsible for supply chain, planning and allocation, store operations, finance, information technology and real estate.
Bauer most recently spent eight years with Gap Inc., culminating in his appointment as EVP brand operations, COO for Gap North America where he was responsible for finance, store operations, real estate, distribution, logistics, information technology and their Canadian operations. He previously served as SVP and CFO for Banana Republic. Prior to Gap, he held the position of EVP, administration and CFO for Tickets.com. Bauer began his career as a credit analyst with Banque Arabe et Internationale D’Investissement and subsequently held positions of increasing responsibility with KPMG Peat Marwick, International Marketing Associates, Pepsico Corporation’s Taco Bell Division and Choice Hotels International.
"Eric brings a wealth of knowledge and proven operational expertise to The Children’s Place," commented Elfers. "His international background, coupled with hands-on experience leading finance, planning and allocation, store operations, real estate and information technology will be a tremendous asset. I look forward to partnering with him as we continue to pursue our key growth initiatives."
Children’s Place did not say whether or not it would continue to search for a CFO following former EVP finance and administration Susan Riley’s departure in February. The company reported then that it wouldeliminate the position of EVP finance and administration and begin a search for a CFO.
Riley was originally slated to replace then CFO Hiten Patel upon his departure. Then in December 2007 Richard Paradise, SVP finance was named CFO and principal accounting officer, reporting directly to Riley, only to announce his retirement less than a year later.
The company reported that its fourth-quarternet income fell to $32.1 million in the three months ended Jan. 29, down from $34.1 million year ago. Revenue fell 2% to $453.2 million from $462.8 million in the prior-year period. Same-store sales fell 5.9%.