Steve Barbour has been chosen to replace Doug Holdt as executive vice president and chief financial officer at Dreyer's Grand Ice Cream Holdings, a division of Nestle group. He previously was the Nestle U.K. finance director.
As dollar-format stores multiply, same-store sales increases will become harder to achieve, according to a new report from Retail Forward, a consultancy based in Ohio. The report predicts the sector's 10 largest players will open 7,000 new stores in the next four years.
McDonald's said it would introduce MasterCard International's Pay Pass technology in more than 13,600 stores. The touch-free payment system can reduce wait time up to 18 seconds and also is being used in Yum! Brands stores, 7-Eleven and CVS
Several experts weigh in on possible post-Atkins diet fads, including Prevention magazine deputy editor Amy O'Connor, who says "I wouldn't be surprised if we bounce back to another version of low-fat, which we had in the '80s." Ruth Kava, director of nutrition for the American Council on Science and Health, predicts a high-protein diet, adding "Somebody will come up with something new. There's a lot of creativity out there in Diet World."
After announcing negative results at the end of 2000, Papa John's International distanced itself from Wall Street analysts, cutting back on conference calls. But with performance appearing to be back on track, the pizza chain said it now will hold quarterly calls with analysts.