ExxonMobil Boosts Speedpass
Fairfax, Va., ExxonMobil is giving existing Speedpass customers new rewards while at the same time offering new funding incentives for ExxonMobil distributors to install the payment system at their stores. For customers, the rewards include fuel discounts, where allowed by law. Inside the stores, a new Inside Speedpass promotion will be giving away convenience store values or items to qualifying customers for using their key fob inside the store.
“Our Speedpass promotional plans were developed in response to retailer requests for increased promotional support,” said Mark Shores, U.S. retail sales director, ExxonMobil fuels marketing. “This year’s plans are designed to both attract new Speedpass customers and to reward our existing Speedpass customers.”
FTC Reportedly to Block Blockbuster Bid for Hollywood
Washington, D.C., The U.S. Federal Trade Commission’s (FTC) competition bureau plans to recommend that the agency block a hostile bid by Blockbuster to buy Hollywood Entertainment, according to published reports.
The FTC bureau is expected to make a formal recommendation to the agency’s five commissioners within the next several days on the Blockbuster bid for Hollywood. The FTC has agreed to make a decision by March 21 on whether it will oppose the combination of the two companies.
Neiman Marcus Considers Sale of Company
Dallas, The Neiman Marcus Group, Inc. today said it is considering selling the company as a strategic alternative to enhance shareholder value. The company added that it would not disclose details about its exploration of this or other strategic alternatives until the board has approved a transaction. The Group, which includes specialty retailers Neiman Marcus and Bergdorf Goodman, is retaining Goldman Sachs & Co. as the financial advisor in this endeavor.