Keurig Parent Acquires Panera Bread

JAB, the parent company of Keurig Green Mountain, has further expanded its reach into the casual restaurant segment with the acquisition of Panera Bread.

Conn’s Comps Tumble In Q4

In the fourth quarter, ended January 31, when it emphasized margin over sales growth, Conn’s recorded a net loss of $74,000, or $0 per diluted share, versus net income of $1.1 million, or three cents per diluted share, in the year-previous period.

Pier 1 Appoints New CEO

After conducting an executive search, Pier 1 Imports’ board of directors has appointed former Kmart executive Alasdair James president and CEO effective May 1.

Stein Mart Suffers Rough Q4

For the fourth quarter ended January 28, Stein Mart posted a net loss of $4.9 million, or 11 cents per diluted share, versus net income of $6.3 million, or 13 cents per diluted share, in the year-earlier quarter.

Colleen Wegman Named CEO Of Wegmans

Wegmans has a new CEO. Danny Wegman has announced that his daughter, Colleen Wegman, has been named president and CEO of Wegmans Food Markets. In relinquishing the CEO position, he will assume the title of chairman.

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