FINANCE

Safeway, Excentus settle over gas rewards program

BY CSA STAFF

Pleasanton, Calif. Safeway and Excentus Corp said on Wednesday that they have settled all outstanding litigation between them and entered into a settlement and licensing agreement.

Excentus sued Safeway in June, alleging the grocery chain wrongly used the privately held company’s patents and other intellectual property to develop Safeway’s PowerPump gasoline rewards program.

“We are glad to have been able to work with Safeway to execute an agreement that works for both of us and opens up the opportunity to work together on what is best for their customers going forward,” Excentus CEO Dickson Perry said in a statement.

Safeway said it looks forward to “exploring ways to work together on fuel rewards.”

Further terms of the agreement and settlement were not disclosed.

When it filed the suit, Excentus said that Safeway wrongfully used trade secrets and confidential information belonging to Excentus to develop PowerPump Rewards.

Safeway’s PowerPump Rewards program gave customers discounts on gasoline at certain gas stations after they reached a specific level of spending on groceries or gift cards. Excentus’ fuel rewards, called fuelperks, offers fuel discounts based on spending.

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Borders chief resigns

BY CSA STAFF

ANN ARBOR, Mich. Borders announced that Ron Marshall has resigned as president, CEO and a director of the company, effective immediately, to accept the role of CEO at another retailer.

The company has named EVP and chief merchandising officer Michael Edwards as the interim CEO.  Edwards is a 26-year retail veteran with CEO experience who joined Borders in September 2009 and has been leading the merchandising and marketing teams.  

“We have a clear commitment to drive the top line at Borders Group and there will be no interruption of our strategic plans and efforts to focus with great energy and determination on this goal during the transition,” said Edwards.

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Jo-Ann joins ArtFire to help artisans sell their wares

BY CSA STAFF

HUDSON, Ohio Jo-Ann Fabric and Craft Stores announced that it has partnered with ArtFire, an online artisan community, to provide sewers and crafters with the tools they need to create and sell their goods.

“By partnering with ArtFire, Jo-Ann is able to provide sewers and crafters all the tools they need to make and sell their products,” said Riddi Kline, SVP marketing, at Jo-Ann Fabric and Craft Stores. “In stores and online at Joann.com, customers can shop for all their materials and find inspiration for projects. Cards and gift wrap in our stores complete the process for those creating handcrafted gifts, and now, those customers who sell their creations can do so through the Jo-Ann community at ArtFire.com.”

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