OPERATIONS

MyCheck partners with PayPal for U.S. mobile dining payments

BY Dan Berthiaume

New York – MyCheck, a checkout app for restaurants, has collaborated with PayPal to enable U.S. consumers to pay at table through the PayPal app. The app itself enables users to select a restaurant from a list, check-in to the venue, and once there, view ordered items and prices on the mobile device, split the bill (if desired), add a tip, redeem an offer, accrue loyalty card stamps, quickly check out by hitting the pay button without waiting for a check, and receive an email receipt.

The MyCheck capability has been operating in the U.K. version of the PayPal app for approximately nine months, where joint advertising campaigns with the Prezzo and Busaba Eathai restaurant chain drove adoption and usage of the app. It is now available in the U.S, version of PayPal.

“This is a hand-in-glove fit, broadening our reach by collaborating with PayPal to leverage their innovations, but also their large customer base,” said Shlomit Kugler, MyCheck co-founder and global CEO. “With MyCheck built into PayPal’s app, mobile app users will now be able to sidestep waiting for the check in full-service restaurants."

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Staples expands tech support services

BY Dan Berthiaume

Framingham, Mass. – Staples is launching its new Staples EasyTech Total Support plan, which provides consumers and small businesses with comprehensive technology services for both their new and old PCs, including upgrades, maintenance and installations. The service builds on Staples’ EasyTech program that launched in 2007, and helps customers make more happen with their devices.

“Staples EasyTech Total Support helps customers maximize productivity through comprehensive service that keeps their technology up to date and running well,” said Conor Kearney, VP technology, Staples, Inc. “Small businesses can now cover their old PCs as well as new devices, and our great trade-in options let customers upgrade to new, high-performing computers easily and affordably.”

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Abercrombie & Fitch nominates four directors; settles with Engaged

BY Dan Berthiaume

New Albany, Ohio — Abercrombie & Fitch Co. will nominate for election to its board of directors four new independent director candidates: Bonnie R. Brooks, Sarah M. Gallagher, Diane L. Neal and Stephanie M. Shern. The board retained a third-party search firm to assist in the search process for new independent directors with relevant experience.

Incumbent directors Arthur C. Martinez, James B. Bachmann, Terry L. Burman, Michael E. Greenlees, Archie M. Griffin, Michael S. Jeffries, Charles R. Perrin and Craig R. Stapleton will stand for reelection at the 2014 annual meeting and the other four incumbent directors will not stand for reelection. With these changes, the Abercrombie & Fitch board will comprise 12 directors, 11 of whom are independent, seven of whom have been added since January 2014, and all of whom are elected annually.

As a result, Abercrombie and hedge fund Engaged Capital have entered into a settlement agreement pursuant to which Engaged Capital has agreed to withdraw its notice of nomination of directors for election and will vote its shares in support of all of the company’s director nominees at the 2014 annual meeting and abide by customary standstill provisions. Engaged had previously proposed five new director candidates, including Neal, saying the board needed new blood.

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