In today’s top retail news, Dollar Shave Club (DSC)’s board of directors have named a new CEO for the brand, while Albertsons Companies registered a digital sales growth spike in its third quarter fiscal 2020 results. Plus, Salesforce has revealed a new loyalty management platform for companies.
Dollar Shave Club Names New Chief Executive Officer
The board of directors of the Dollar Shave Club (DSC) have named Jason Goldberger to be the brand’s new CEO effective Jan. 19. Michael Dubin, who began the brand in the early part of the last decade, previously told the board of his decision to leave his CEO role and remain with the firm as a special advisor and board member.
Albertsons Reports 225 Pct Digital Sales Growth
Albertsons Companies reported as part of its Q3 fiscal 2020 results that it had digital sales growth of 225 percent, and 12.3 percent in identical sales growth. Gross margin increased to 29.3 percent in the quarter compared to 28.3 percent Q3 fiscal 2019, while interest expense was $115.9 million in Q3 fiscal 2020 compared to $154.8 million in Q3 fiscal 2019.
Salesforce Unveils Loyalty Management Platform For Businesses As Online Sales Boom
Salesforce is launching a new product to let B2B and B2C firms simply add loyalty offerings. “Organizations with high levels of customer loyalty outperform their competition, so it’s critical that they provide their customers with valuable and memorable experiences to build trust,” Salesforce Industries CEO David Schmaier said in a release.
Zing Bars Grows D2C Channel For Healthy Snacks Amid Pandemic
David Ingalls said what differentiates his Zing Bars from the healthy snacks crowd is that rival products either taste good or boast high nutritional value, but they don’t often do both. “We bring two elements together that we believe we do in combination better than anyone else,” Ingalls, who is Zing Bars’ CEO and co-founder, told PYMNTS in an interview.
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