Petco vs Related

Petco loyalty program costs millions in point redemptions

Petco's relaunched loyalty program, Petco Perks, led to a mid-single-digit millions impact on Q2 2026 net sales due to unexpectedly high customer point redemption volumes. CEO Joel Anderson noted the program's success, with redemptions exceeding projections. The company has since implemented guardrails on redemption velocity and will focus on personalization. Despite the impact, Petco reported its second consecutive quarter of same-store sales growth.

• Petco's Q2 2026 net sales were hit by 'mid-single-digit millions' due to high loyalty program redemptions.
• Petco Perks members earn 10 points per dollar spent, and 30 points per dollar on private label brands.
• 1000 points can be redeemed for a $1 discount.

Tariq Hassan Joins Wendy’s as Marketing Chief

Tariq Hassan, who left McDonald’s in January 2025, has joined Wendy’s as chief marketing and customer growth officer, reporting to CEO Bob Wright, the company said on August 24, 2026. An experienced marketer with agency roots including Leo Burnett and senior roles at HP, Bank of America, Petco and most recently McDonald’s, Hassan will deploy a digital-marketing approach he outlined at Cannes Lions. Wright praised Hassan’s ability to combine culture, technology and consumer insight to drive measurable growth and called the hire a step toward returning Wendy’s to profitable growth. The hire is part of a broader effort to boost digital engagement and sales.

• Tariq Hassan joined Wendy’s as chief marketing and customer growth officer, reporting to CEO Bob Wright.
• Hassan stepped down from his role at McDonald’s in January 2025.
• He previously worked on the agency side including Leo Burnett and held senior marketing roles at HP, Bank of America, Petco and McDonald’s.

Bed Bath & Beyond names chief accounting officer

Bed Bath & Beyond, Inc. appointed Jill Windrum as chief accounting officer and deputy chief financial officer, effective Aug. 31, 2026. Windrum will lead accounting and financial reporting, take on the principal accounting officer duties from CFO Brian LaRose, and receive a $400,000 annual base salary plus eligibility for an annual cash performance bonus. She brings nearly 25 years of financial leadership experience, including roles at Maxar Technologies. The announcement follows the company’s recent decision to change its corporate name to Neighborhood Intelligence and begin trading on the Nasdaq under ticker NXH.

• Bed Bath & Beyond, Inc. appointed Jill Windrum as chief accounting officer and deputy chief financial officer.
• Windrum's appointment is effective Aug. 31, 2026, and she will receive an annual base salary of $400,000 plus eligibility for an annual cash performance bonus.
• Windrum replaces CFO Brian LaRose as the company's principal accounting officer.

General Atlantic to anchor new global headquarters at Related’s 625 Madison Avenue

General Atlantic will anchor a new global headquarters at Related's 625 Madison Avenue in New York City, as announced in a press release dated September 1, 2026.