FINANCE

Wells Fargo will fund, issue and service Dillard’s credit cards

BY Marianne Wilson

San Francisco — Wells Fargo & Company and Dillard’s have entered into an agreement for Wells Fargo to fund, issue and service Dillard’s-branded private label and co-brand credit cards. Wells Fargo will also manage the cardholder loyalty program for Dillard’s.

The program agreement has a 10-year term and is anticipated to become operational in the fourth quarter of 2014, following the scheduled expiration of Dillard’s current program agreement. Financial terms of the agreement were not disclosed.

“We are truly happy to announce this new agreement with Wells Fargo, one of the strongest and most reputable banks in the country,” said Dillard’s president Alex Dillard. “We are pleased with this new partnership on many levels, from the financial arrangements to our shared vision for future program growth. We talked with a number of potential bank partners and we believe Wells Fargo’s vision for the success of our credit card program is completely aligned with ours. We are looking forward to a very rewarding partnership with Wells Fargo.”

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FINANCE

Delhaize Group to exit Bosnia & Herzegovinia

BY Dan Berthiaume

Brussels, Belgium — Delhaize Group has signed an agreement with Tropic Group B.V. to divest all of its 39 Bosnian & Herzegovinian stores. Tropic Group B.V. is an entrepreneurial organization founded by retail executive Bojan Risović.

The transaction is expected to complete in third quarter 2014, subject to regulatory approval and working capital adjustments. Terms were not disclosed. Delhaize originally purchased the stores from Serbian retailer Delta Maxi in 2011.

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OPERATIONS

Baskin-Robbins launches online cake ordering

BY Dan Berthiaume

Canton, Mass. — Baskin-Robbins is launching a new online cake ordering system for customers nationwide, Online shoppers can browse through Baskin-Robbins’ gallery of ice cream cakes and can create their own customizable cake by choosing their favorite ice cream and cake flavor combination.

Upon visiting the online cake ordering site, customers will be prompted to enter their address or ZIP code to be directed to place their order with their nearest participating Baskin-Robbins location. Customers can also choose from a variety of additional items, including birthday candles. Online cake orders will be available for pick-up on the date selected by the customers, with cakes available as soon as 24 hours after the order is placed.

"At Baskin-Robbins, we’re always looking for new and innovative ways to enhance the guest experience and to further connect with our customers," said Bill Mitchell, president, Baskin-Robbins U.S. and Canada, and Baskin-Robbins & Dunkin’ Donuts China, Japan and Korea. "We are excited to introduce online cake ordering to our guests nationwide, giving them another easy and convenient way to customize and order their own Baskin-Robbins ice cream cake in a fun and interactive way."

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