Target CFO to retire
Minneapolis — Target Corp. said Tuesday that its CFO and executive VP Doug Scovanner will retire from his posts effective March 31, 2012.
He will remain with the company for the next five months to assist with the transition, according to the retailer.
A successor has not yet been named.
Scovanner has served in his current role since 1999.
RCS to facilitate closing of Priscilla of Boston stores
New York City — RCS Real Estate Advisors said Tuesday it has been retained by bridal retailer Priscilla of Boston to facilitate the closing of its business.
According to Ivan L. Friedman, president and CEO of RCS, the company will facilitate the closing of all 20 Priscilla of Boston locations, effective Dec. 31, by negotiating cost-effective lease terminations or locating replacement tenants.
Priscilla of Boston announced its closing in early September.
Buca Di Beppo teams with Transaction Wireless for digital gift cards
San Diego — Digital gift card solution-provider Transaction Wireless said Tuesday that restaurant chain Buca di Beppo has selected Transaction Wireless to power its digital gift card program.
The cloud-based digital gifting platform will enable Buca di Beppo, which is owned by Planet Hollywood International, to leverage channels such as email, mobile and Facebook for digital gift card promotions and marketing initiatives.
Buca di Beppo will be deploying Transaction Wireless’ full suite of services — wGiftCard for Buca di Beppo’s B2C digital gifting offerings, wCentive for its B2B programs, and wConnect for its marketing campaigns — to power its loyalty and customer incentive programs from a cloud-based digital gifting platform.
“With Transaction Wireless, we will be able to create more effective digital gift card campaigns that enable us to better understand and engage our customers, while providing a fun, more personal and secure way to give digital gift cards this holiday season,” said Kyle Collins, director of interactive marketing for Buca di Beppo.