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Target names former Sam’s Club exec as CEO

BY Marianne Wilson

Minneapolis — Target Corp. on Thursday named retail and consumer products veteran Brian Cornell as its new CEO and chairman of the board, effective Aug. 12.

Cornell, 55, most recently served as CEO of PepsiCo American Foods. Before joining Pepsi in 2012, he served as president and CEO of Sam’s Club. Cornell also held the position of CEO of Michaels Stores and, prior to that, executive VP and chief marketing officer of Safeway.

Cornell is the first Target CEO to be hired from outside the company. The retailer said his top priorities would be accelerating the company’s performance and advancing its omnichannel evolution.

"I am committed to empowering this talented team to realize its full potential, lead change and strengthen the love guests have for this brand," Cornell said. "As we create the Target of tomorrow, I will focus on our current business performance in both the U.S. and Canada and on how we accelerate our omnichannel transformation."

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Kroger ratifies labor agreement for some Ohio workers

BY Dan Berthiaume

Cincinnati – The Kroger Co. Cincinnati/Dayton Division associates working at Kroger stores in metro and surrounding areas have ratified a new labor agreement with UFCW Local 75. It merges the formerly separate Cincinnati and Dayton contracts.

The contract covers 12,766 associates working in 76 stores in Cincinnati, and 4,945 associates working in 32 stores in Dayton.

"We are pleased to reach an agreement that is good for our associates,” said Sukanya Madlinger, president of Kroger’s Cincinnati/Dayton Division. “This agreement provides wage increases, affordable health care and investment in our associates’ pension fund to support their retirement. It comes after thoughtful and productive work by both the company and union bargaining committees. I want to thank our associates for supporting this agreement and for the excellent service they provide to our customers every day."

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Amazon, Blackhawk Network partner on mobile gift card capabilities

BY Dan Berthiaume

Seattle – Amazon.com and Blackhawk Network Inc., a prepaid and payments network, have teamed up to bring customers a new way to manage and spend their gift cards. Using the new Amazon Wallet app, customers can more easily store, redeem and check the balance of gift cards from dozens of major retailers and restaurants.

Amazon customers can now load information from their existing physical and digital gift cards into their Amazon Wallet. Once the information is saved, card balances can be viewed from the app or online. Customers can redeem their cards online, or present them in-store from their phones. The Amazon Wallet app comes already installed on the new Fire phone, and is also available for download to Android phones running 4.0 or above. The new gift card features are also available online at amazon.com/wallet.

"Blackhawk Network’s expertise in gift card management provides our customers with access to the retailers they want and the digital experience that Amazon is committed to delivering," said Charlie Kindel, director, Amazon Local Commerce. "Together we are helping consumers get the full value of their gift cards with the safety and convenience of storing them digitally. Instead of fearing they might lose or forget about them, they can have them on hand to use wherever and whenever they choose."

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