Panera Bread on hunt for new CFO
St. Louis — Panera Bread Company announced that Roger Matthews, executive VP and CFO, has resigned his position to pursue other opportunities.
Effective Aug. 6, Bill Moreton, executive vice chairman of Panera Bread, will serve as interim CFO as the company conducts a search for a full-time replacement. Moreton has previously held the positions of CEO, co-chief executive officer and CFO of Panera Bread. Matthews will transition his remaining duties through the end of August.
"We thank Roger for his contribution and counsel during his time at Panera," said Ron Shaich, Panera’s chairman and CEO. "I appreciate his dedication and passion to the business, and wish him every success in his next role."
Tune acquires MobileDevHQ
Seattle – Attribution analytics company Tune has acquired MobileDevHQ (MDHQ), provider of a SaaS solution for mobile marketers. The MDHQ solution includes app store visibility, search rankings, and competitive intelligence.
Combined with MobileDevHQ, Tune will provide more clarity into the impact and influence of app stores and other organic efforts on paid user acquisition and re-engagement. Existing MDHQ customers will continue to login as before, view their existing data, and otherwise continue using the current MDHQ product during the transition.
RetailMeNot attracting more users
As is the case with many digital companies, RetailMeNot demonstrated it could grow revenue in the second quarter, but generating a profit was a different matter.
The Austin-based provider of digital offers reported strong user growth with site visits ups 27% to 154.2 million from 121.2 million and said its sales for the quarter ended June 30 increased 37% to $59.5 million. Despite more users and increased sales, net income fell 16% to $4.3 million with the decline said to be due to increased investments in product development, sales and marketing, and higher stock-based compensation expense.
"Our results continue to demonstrate the value of our multi-channel services that help consumers save money and enable retailers to increase sales in the United States and international markets," said Cotter Cunningham, CEO and founder of RetailMeNot. "Overall we saw strong growth in consumer usage and engagement across platforms. We believe that from discovery to purchase, we offer retailers high ROI channels that help them turn shoppers into buyers."
The company said its mobile apps have been downloaded 18.5 million times globally and noted that mobile app sessions increased to 169.2 million in the second quarter compared to 26.5 million the prior year. RetailMeNot had 22.9 million global subscribers to a newsletter or store alert, up 98% year-over-year.
Based on current trends, RetailMeNot is on track to surpass last year’s performance when it had more than 560 million visits to its Web sites.