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M&A and FinancialJan 08, 2014 4:43 PM By Tim Parry
Rotunda Capital Partners has acquired a majority stake in Discount Ramps, LLC from the online retailer of transportation and hauling products’ founder Joel Lederhause. The financial terms of the deal, which closed Dec. 20, were not disclosed.
M&A and FinancialDec 23, 2013 10:50 AM By Erin Lynch
In a continuing game of back-and-forth, Jos. A. Bank has rejected the acquisition proposal from Men’s Wearhouse, citing the billion dollar proposal was “significantly undervalued.”
M&A and FinancialDec 18, 2013 1:03 PM By Erin Lynch
FedEx released its second quarter financials on Dec. 18, which showed a net income of $500 million, up 14% from last year’s $438 million.
M&A and FinancialDec 09, 2013 10:26 AM By MCM Staff
Backcountry.com, an online outdoor retailer, has expanded its global reach with the acquisition of Bergfreunde.de, an ecommerce company that caters to outdoor enthusiast in Germany, Austria, and Switzerland.
M&A and FinancialDec 04, 2013 5:23 PM By MCM Staff
Aeropostale, a specialty retailer of casual apparel for young women and men, released its third quarter results, which showed a 15% decrease in net sales and comparable sales, which include the ecommerce channel. CEO Thomas P. Johnson said in the release that he was “disappointed in the overall performance as customer adoption is occurring more slowly than we would like against the backdrop of a challenging teen retail environment.”
M&A and FinancialDec 04, 2013 5:03 PM By MCM Staff
J. Crew has released its third quarter financials on Dec. 4, showing a revenue increase of 11% to $618.8 million. Store sales increased 7% to $420.2 million and direct sales increased 21% to $189.8 million.
M&A and FinancialDec 04, 2013 10:44 AM By Jonathan Barsade
If the Marketplace Fairness Act were to pass, will it really have a serious impact on mom-and-pop online merchants? Jonathan Barsade, CEO of Exactor, dives into the complicated and highly debated online sales tax issue and discusses how proper compliance software will ease the possible burden for small ecommerce shops.
M&A and FinancialDec 03, 2013 7:47 PM By MCM Staff
Cyber Monday reached $1.735 billion in desktop online spending, up 18% versus the same day in 2012, representing the heaviest online spending day in history, according to comScore.
M&A and FinancialDec 01, 2013 5:22 PM By Tim Parry
During a conference call on Dec. 1, neither NRF President and CEO Matthew Shay or Prosper’s Consumer Insights Director Pam Goodfellow seemed to be alarmed by the drop-off in Thanksgiving weekend sales figures.
M&A and FinancialDec 01, 2013 2:14 PM By Tim Parry
comScore says Thanksgiving Day ecommerce sales made on non-mobile devices reached $776 million, up 21% from 2012, while Black Friday’s $1.2 billion sales day was a 15% increase over last year.