OPERATIONS

Newegg adds new Visa Checkout payment service

BY Marianne Wilson

Los Angeles — Newegg announced the addition of Visa Checkout, a new payment service that simplifies the process of buying online. Visa Checkout can be used when shopping Newegg from a desktop computer and mobile devices.

“Visa Checkout is a great service that helps our customers make their purchases on Newegg quickly and conveniently,” said Soren Mills, chief marketing officer of Newegg North America. “It removes much of the tedium inherent to the online checkout process, especially for our customers who like to shop on mobile devices.”

Enrolling in Visa Checkout involves selecting the Visa Checkout payment option during checkout, and creating a free Visa Checkout account. Once enrolled, members can securely store payment information for cards with the Visa, MasterCard, American Express or Discover logo. When it’s time to check out at Newegg, enrolled customers simply enter their Visa Checkout username and password without ever leaving the Newegg website.

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TripAdvisor exec joins XO Group board

BY Dan Berthiaume

New York – Barbara Messing, chief marketing officer of TripAdvisor, has been appointed to the XO Group board of directors and will serve as an independent director on the board’s Compensation Committee. XO Group is parent company of wedding and pregnancy sites including The Bump, The Nest and The Knot.

Messing will be filling the vacancy created by the departure from the board of Eileen Naughton, who has accepted an overseas reassignment. With this transition, the board will consist of eight directors, six of whom are independent, and four of whom have joined the board in the last two years. Messing will serve in the class of directors to be elected at the 2015 annual meeting.

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GNC names Talbots chief exec as CEO; Fortunato out

BY Dan Berthiaume

Pittsburgh – In a surprise announcement, GNC Holdings Inc. said that Joe Fortunato, chairman, president and CEO of the company, is stepping down. It named Michael G. Archbold, 53, CEO and CFO of The Talbots Inc., as CEO and member of the board, effective immediately. The change comes a week after GNC announced its second disappointing quarter this year.

Archbold has more than 25 years of retail industry experience. Prior to joining Talbots, he served in a variety of senior roles, including president and CEO of Vitamin Shoppe Inc. Archbold also previously held senior leadership positions, including serving as CFO, at Saks Fifth Avenue and AutoZone Inc.

"The board is committed to delivering improved financial results and creating value for GNC shareholders and we are pleased that Mike has agreed to join GNC,” said GNC chairman Mike Hines. “He is a world-class executive with highly relevant retail experience and financial expertise, proven leadership skills and a track record of developing strong corporate cultures and delivering superior financial performance. We have tremendous confidence in GNC’s prospects and in Mike’s ability to lead the company going forward."

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