MARKETING/SOCIAL MEDIA

Harrods exec tapped as Saks chief marketing officer

BY Staff Writer

New York — Saks Fifth Avenue, a subsidiary of Hudson’s Bay Company, announced the appointment of former Harrods executive Mark Briggs as chief marketing officer for Saks, effective March 2014. He will report to new president Marigay McKee, another former Harrods executive.

Briggs was director of store image at Harrods for 20 years and was a close colleague of McKee.

“Mark brings a wealth of experience in luxury brand management with a proven track record of creating retail magic around heritage brands,” said McKee in a statement. “His passion for retail theater and essential understanding of the customer will be integral to our success. I am thrilled to welcome Mark to the Saks team, where he will play a key role on the executive committee.”

In his new role, Briggs will oversee all marketing, creative and visual merchandising for Saks Fifth Avenue.

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News

Ikea launches employee loyalty program

BY CSA STAFF

Ikea plans to launch an employee loyalty program launch in the new year. Beginning in 2014, every employee worldwide will receive an equal contribution to their pension plan, based on the company’s financial goals being met.

The program named Tack! — which means ‘thank you’ in Swedish — was inspired by Ikea founder Ingvar Kamprad’s wish to “share the success of the Ikea Group with all employees.”

"In a time when so many other businesses are struggling, it is wonderful to be able to reward our valued employees and contribute to their future." says Kerri Molinaro, president of Ikea Canada. "Our ambition is to be an employer of choice and our commitment is to be a leader in wages, benefits and life-long security for our employees"

Ikea Group employees will, after a qualification period of five consecutive financial years of employment, receive a contribution to their pension plans. The basic principle is that pension payout begins at regular retirement age. Full-time employees in a country will receive the same amount regardless of unit, position or salary level. Part-time employees will receive a proportional amount in relation to hours worked.

Tack! will be launching just a few months after the One Ikea Bonus Program, a performance-driven bonus system, which is connected to the individual salary level, and will be paid annually, if the set goals are reached.

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FINANCE

eBay’s PayPal acquires mobile app developer StackMob

BY Marianne Wilson

New York — PayPal, a division of eBay Inc. has acquired mobile app developer StackMobile. Experts say the purchase could strengthen eBay and subsidiary PayPal in enabling consumers to pay with mobile devices.

Terms of the deal were not disclosed.

StackMob launched in 2010 and offers a platform and development environment that lets developers build applications for any mobile device

“While projects underway at PayPal have already accelerated our ability to deliver great products to our customers, we believe that with the addition of the talented team from StackMob, we’ll move even faster in creating, testing and deploying products that aim to transform payments for customers around the world,” wrote James Barrese, chief technology officer at PayPal, on the company’s blog.

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