Report: Starbucks to include tipping on Square app
Seattle – Starbucks reportedly plans to soon include an automatic tipping feature on its Square mobile payment app.
According to the Wall Street Journal, Starbucks, which currently only uses the payment features of the Square app, will deploy a feature that both automatically prompts a customer to leave a tip in appropriate situations and computes tip amounts for them.
The Square tipping feature prompts users to leave a tip roughly 45% to 50% of the time. It will automatically compute and offer three tipping options – basic (15%), better (18%) and best (20%). A Square spokesperson told the Wall Street Journal that most customers will select the “better” option when given those choices.
J.C. Penney names Stage Stores COO as CFO
Plano, Texas — J.C. Penney Company has named Ed Record as CFO, effective March 24. He will also serve as executive VP. Record, 45, comes to Penney from regional department store chain Stage Stores, where he most recently served as COO and, before that, as CFO.
Record will succeed Ken Hannah, who was hired in May 2012 under former CEO Ron Johnson.
“On behalf of myself and the entire J.C. Penney team, I would like to thank Ken Hannah for his meaningful contributions to our turnaround and wish him success in his future endeavors,” CEO Myron Ullman said.
Theory House names new VP of retail brands
Charlotte, N.C. – Branding and retail marketing agency, Theory House, has named Christopher Durham to the leadership team as VP of retail brands. Durham joins Theory House with more than 20 years of experience developing and managing brands both at the retail level and as a consultant, including work for Office Depot, Best Buy, Food Lion, Hannaford and Lowe’s Home Improvement.
He is the creator of the website My Private Brand, where he challenges retailers to evolve their traditional private labels into consumer-focused brands.