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Published: Wednesday, November 01, 2017 @ 9:01 AM
It’s that time of year again — Starbucks is releasing its holiday cups.
The coffee chain will switch things up this year, veering away from its typically red-themed holiday cups. The chain’s new cup design allows customers to color it in themselves. Locations will provide colored pencils for customers to borrow to doodle on their cups.
“We hope they’ll color it in to represent what the holidays means to them,” Leanne Fremar, a creative director at the company, told The Associated Press.
Starbucks has released holiday cups since 1997. Holiday drink flavors this year include: Peppermint Mocha, Caramel Brulee Latte and Chestnut Praline Latte.
FIVE FAST BUSINESS READS
Published: Wednesday, January 17, 2018 @ 8:55 AM
— The Bon-Ton Stores Inc., parent company of Elder-Beerman, has entered into forbearance agreements with its credit lenders.
The retailer announced late Tuesday that the company has entered into forbearance agreements with its ABL credit agreement lenders and an ad hoc group of holders. The Forbearance Agreements will expire on Jan. 26, unless further extended by the parties. The forbearance period under the ABL forbearance agreement will be automatically extended to Feb. 4.
» MUST-READ RETAIL NEWS: Elder-Beerman parent company delisted from Nasdaq: What’s going on?
“The company is engaged in ongoing discussions with its debt holders in an effort to strengthen its capital structure to support the business,” Bon-Ton officials said in a statement. Bon-Ton Stores’ senior creditors are attempting to get the department store chain to file for bankruptcy, according to a report from Bloomberg.
Last month the retailer missed a $14 million interest payment due on Dec. 15, starting a 30-day grace period that ends next week. The Bon-Ton Stores, Inc. operates 260 stores, which includes nine furniture galleries and four clearance centers, in 24 states.
FIVE FAST BUSINESS READS
Published: Wednesday, January 17, 2018 @ 7:13 AM
— Kroger is changing how customers will shop in stores with new digital aisle displays that connect and interact with smartphones.
The Cincinnati-based grocery retailer is rolling out new technology called Kroger Edge in nearly 200 stores in 2018. The technology will be installed on store shelves where paper price tags currently hang, Kroger told Business Insider. The new aisle displays project pricing, nutritional information, video ads and coupons. The company is also working on creating an app that will enable customers to communicate with the Edge system with their smartphones.
» MUST-READ GROCERY NEWS: 5 things we learned about Kroger’s future in the region
The Kroger Co. is collaborating with Edgewater Wireless Systems Inc. to enhance its in-store infrastructure with the wifi platform powered by Edgewater’s WiFi3 technology. The next generation wireless platform will give Kroger customers “top wifi performance on their personal smart devices to enhance their shopping experiences,” the company said.
“We are focused on in-house innovation and partnering with global industry leaders like Edgewater Wireless to build the best technology infrastructure that will help us to deliver next generation shopping experiences to our customers and associates,” said Chris Hjelm, Kroger’s chief information officer.
FIVE FAST BUSINESS READS
Published: Tuesday, January 16, 2018 @ 10:47 AM
A sedan built by workers in Marysville was named the 2018 Car of the Year, the third year in a row a Honda model has received the award.
The 2018 Honda Accord, which began rolling off the assembly line in Marysville last year, beat out the Kia Stinger and Toyota Camry to claim the honor.
The Japanese automaker invested about $220 million in the Marysville facility as part of its redesign of the Accord, the company’s flagship sedan. About 1,400 workers from Clark and Champaign counties work for the manufacturer, and it employs about 14,500 Ohioans overall.
“We’re especially proud for the production associates in Ohio where Accord has been built to the highest quality standards for over 35 years,” said Henio Arcangeli Jr., senior vice president of the Automobile Division and general manager of Honda Sales in a news release.
Last year Honda’s Ridgeline won in the truck category in the car and truck awards. Honda’s Civic model won the car of the year honor in 2016.
3 QUICK READS ABOUT HONDA:
Published: Tuesday, January 16, 2018 @ 3:06 AM
— Be sure to check your freezer because there’s a new recall on frozen biscuits that were sold in nearly two dozen states.
Hom/Ade Foods is recalling Mary B’s brand biscuits due to listeria concerns. The biscuits were sold in Alabama, Arkansas, California, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maryland, Missouri, Mississippi, North Carolina, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Virginia, Wisconsin and West Virginia.
Company officials said the problem was discovered in a product sampling conducted by an outside company that manufactured the product.
Listeria can cause serious and sometimes fatal infections in young children, elderly people and others with weakened immune systems.
The Mary B’s products affected are frozen bagged biscuits. All have “Best If Used By" dates before Sept. 23, 2018, and with the letter “M” immediately after the date.
UPC codes affected by the recall:
Customers are urged to return affected products to the store for a full refund.