Subway, multiple locations
The largest restaurant chain in the world has unveiled a tech-savvy makeover that seeks to reinvent its customer experience for a digital age.
Subway’s “fresh forward” redesign, by FRCH Design Worldwide, combines a new bright color palette, inspired by the hues of fresh vegetables, sleeker furniture and updated decor with such tech enhancements as self-ordering kiosks, digital menu boards and charging ports. The revised color palette, new graphics, improved display cases and better lighting highlight Subway’s commitment to fresh ingredients while giving it a more modern look overall.
Subway debuted its “fresh forward” design in nine pilot locations in the United States, two in Canada and one in the United Kingdom. The company expects to have 3,000 to 5,000 new and remodeled locations in the new design format open by the end of 2018, about 85% of them in North America, reported Nation’s Restaurant News.
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Teen apparel retailer names new finance chief
The search is over.
The Buckle named Thomas B. Heacock as VP of finance, treasurer and CFO, effective July 20. As CFO, he replaces Karen B. Rhoads, who in May announced her intention to retire. Rhoads will assist in the transfer of her duties and responsibilities to Heacock, and will continue to serve as a member of the company’s board.
Heacock has been employed by the company since October 2003, serving as VP of finance, treasurer and corporate controller. Previously, he was employed by Ernst & Young. His promotion to CFO comes after The Buckle retained an executive search firm to assist it in identifying and evaluating both internal and external candidates.
"After reviewing many resumes and interviewing multiple candidates, the Audit Committee members were unanimous and enthusiastic in their support for Thomas B. Heacock’s promotion to the position of chief financial officer," stated Daniel J. Hirschfeld, chairman, The Buckle.
Headquartered in Kearney, Nebraska, Buckle currently operates 462 retail stores in 44 states.
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Analysis: Amazon-Sears deal ‘smart move’
Greg Portell, lead partner in the retail practice of global strategy and management consulting firm A.T. Kearney:
"This is a very smart move from Sears’ perspective. It is able to monetize the Kenmore brand without losing control. In the past, Sears divested brands because it wasn't able to nurture them or get the proper value out of them internally. But in this case, Sears is using the brand differently as an asset, because it clearly has a value that stretches beyond simply being an appliance.
The other angle that jumps out in terms of smart moves is the connection to Alexa. It gives Sears the ability to get into the IoT (Internet of Things) market without having to build their own capabilities. Sears gets to take a premiere technology and integrate it into their products as part of this deal, which is a great way to move forward."
Sam Cinquegrani, CEO, digital marketing technology and services company, ObjectWave Corp:
"If you think of Amazon as your competitor, then you’ve lost the battle. But if you look at Amazon as a partner and a digital marketing expert, one that has capabilities you don’t have, it’s a whole different story. When it comes to e-commerce, Sears was very aggressive, and actually back then, one of the first to post its products online.
Now, Sears is thinking of Amazon as a distribution channel rather than a competitor. And this represents the future of retail. For Sears, why not take advantage of the digital prowess of the biggest ecommerce provider in the number one online marketplace? In the same way that Sears isn’t going to start its own delivery service because it can’t do it as effectively as a UPS or FedEx, similarly with Amazon’s marketing and distribution capabilities."
If this story had came out 5 to 8 years ago then it would be a strategic partnership. At this point this feels more like a last gasp. I remember when rumors of Amazon buying Sears went around and at the time that could have been good for both. Now no to late I'm afraid this is to little to late