Mexico: Starbucks owes for pre-Hispanic images
Mexico City The Mexican government has notified Starbucks Corp. that Mexico is owed intellectual property rights for a line of coffee mugs showing pre-Hispanic images, according to the Associated Press.
Starbucks said it is working with Mexico to resolve the issue as quickly as possible. It said the mugs have been removed from its shop shelves pending the discussions.
The mugs show images of the Aztec calendar stone and the Pyramid of the Moon from the pre-Aztec ruins of Teotihuacan, near Mexico City.
The government archaeological agency said Wednesday it will decide by next week whether Starbucks should pay any fees.
Dollar General names former CVS exec to board
GOODLETTSVILLE, Tenn. Dollar General David Rickard to its board of directors.
Rickard served as EVP, chief financial officer and chief administrative officer of CVS Caremark Corporation and CVS Pharmacy from September 1999 until December 2009. Prior to joining CVS Caremark, Rickard was the SVP and chief financial officer of RJR Nabisco Holdings Corporation from 1997 to 1999.
“We are pleased to welcome such a retail veteran to our board,” said Rick Dreiling, Dollar General’s chairman and CEO. “Dave’s years of experience and diverse retail industry background will be an asset to the Dollar General board. We are certain that his expertise will serve Dollar General well as we work to move the company forward.”
TWE reports December comps decline
ALBANY, N.Y. Trans World Entertainment reported a comparable-store sales decrease of 5% for the five-week period ended Jan. 2.
For the nine-week period ended Jan.2, comparable-store sales decreased 8%. Total sales for the nine-week period were $241 million compared with $287 million for the same period last year, a decrease of 16%.
For the eleven-month period ended Jan. 2, comparable-store sales decreased 10%. Total sales for the period decreased 18% to $760 million compared with $930 million during the same period last year.