Dreyer's Grand Ice Cream has decided to stop production of its Snelgrove brand in March because of dwindling consumer demand. Snelgrove, which is sold in Utah and some parts of Idaho, was acquired by Dreyer's in 1989.
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.
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
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.