Krispy Kreme appoints Cold Stone exec as president, international
Winston-Salem, N.C. – Dan Beem will be joining Krispy Kreme Doughnuts, Inc. as senior VP of the company and president international later in February 2014. Beem, 44, will report to president and CEO Jim Morgan, and will be responsible for the company’s international franchise business segment.
Beem succeeds Jeff Welch, who has left the company. He has more than 20 years’ experience in the restaurant industry, and most recently served as president of Cold Stone Creamery and Kahala Corp. International, where he directed all international development, operations and franchise development for Kahala’s 14 brands and more than 3,000 stores worldwide, including more than 1,500 Cold Stone Creamery locations in 25 countries. Prior to joining Cold Stone in 2003, he held executive and management positions with Planet Hollywood, T.G.I. Fridays, Gordon Biersch Brewing Company and NASCAR.
Report: Amazon Prime price may rise
Seattle – The price of subscribing the Amazon Prime preferred shipping program will reportedly increase. According to the Huffington Post, Tom Szkutak, CFO of Amazon, said on a Jan. 30 investors call that the company is considering raising the current $79 yearly fee for Amazon Prime, which includes free two-day shipping, by $20 to $40 in the U.S.
The main rationale for potentially raising the cost of Amazon Prime is reportedly that it has not changed since the program launched in 2005 and fuel and shipping costs have gone up significantly. Szkutak did not give a timetable for when the price change may occur or if existing customers would also have their annual fee raised.
In addition to free two-day shipping on 19 million items, Amazon Prime offers features such as access to Amazon Prime Instant Video and a digital library for Kindle owners. Amazon has previously said that Amazon Prime has tens of millions of members.
NRF exec to testify before Senate on data security
Washington, D.C. – The National Retail Federation (NRF) is scheduled to testify before a Senate committee the week of Feb. 3, as lawmakers begin to look into criminal attacks in which millions of consumers’ credit and debit card numbers were stolen.
NRF senior VP and general counsel Mallory Duncan will represent retailers before a subcommittee of the Senate Banking, Housing and Urban Affairs Committee Monday afternoon. Also testifying are officials from the Secret Service, the Federal Trade Commission, the American Bankers Association, the U.S. Public Interest Research Group and the Payment Card Industry Security Standards Council.
NRF recently asked Congress to give final approval to the Cyber Intelligence Sharing and Protection Act, House-passed legislation pending in the Senate that would make it easier for the commercial sector to share information about threats and ensure that cyber crimes are thoroughly investigated and prosecuted. NRF also wants Congress to replace the varying data breach notification laws currently on the books in 46 states and the District of Columbia with a single nationwide standard.