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Executive ARCHIVE

The Home Depot Acquires Blinds.com  Jan 23, 2014 4:45 PM By MCM Staff

The Home Depot will work with Blinds.com to expand its technology into homedepot.com and the company’s stores with the goal of improving the entire end-to-end buying process for window coverings.

Ebay See’s 13% Boost in Sales, Knocks Down PayPal Spinoff  Jan 23, 2014 2:11 PM By Erin Lynch

The global marketplace eBay has released its fourth quarter results and not only did it report a 13% increase sales, but it also declined a proposal to spin-off its payment program, PayPal.

A Year in the Life at eBay  Jan 23, 2014 11:13 AM By Erin Lynch

With a 13% growth in revenue in the fourth quarter and 13% for the year, 2013 deemed to be pretty successful for eBay. The marketplace currently has 128 million active users and generated nearly $77 billion in gross merchandise volume in 2013 alone. Here is the play-by-play highlights for the year that is eBay.

Jos. A. Bank Says No to The Men’s Wearhouse  Jan 17, 2014 9:50 PM By Tim Parry

Robert N. Wildrick, Chairman of Jos. A. Bank, said, “Our Board of Directors firmly believes that the Men’s Wearhouse offer is inadequate and significantly undervalues Jos. A. Bank and its near- and long-term potential.”

Jos. A. Bank Rejects Latest Men’s Wearhouse Offer  Jan 17, 2014 9:45 PM By Tim Parry

The Men’s Wearhouse today issued the following statement in response to the announcement by Jos. A. Bank Clothiers, Inc. that its Board of Directors has rejected Men’s Wearhouse’s all-cash $57.50 per share offer.

Best Buy Blames Price Competitiveness in Holiday Sales Decline  Jan 16, 2014 4:26 PM By Erin Lynch

The competition in price played a major role in the declining 2013 holiday sales results at Best Buy, according to a statement released by the electronics retailer. In the nine week holiday period that ended on Jan. 4, Best Buy reported $11.45 million in revenue, down slightly from the 2012 holiday season of $11.75 million.

J.C. Penney Closing 33 Stores, Laying Off 2,000  Jan 15, 2014 5:17 PM By Erin Lynch

J.C. Penney has announced that it will close 33 under performing stores across the country and laying off 2,000 employees in an effort to save $65 million.

Overstock.com Sees $130,000 in Sales with Bitcoin Payment Option  Jan 15, 2014 2:43 PM By Erin Lynch

Overstock.com CEO Patrick M. Byrne took to Twitter to announce that within 24-hours of implementing Bitcoin as a possible payment option, his company received $130,000 in orders paid in the crypto-currency.

PM Digital Expands Digital Leadership Team  Jan 14, 2014 12:24 PM By MCM Staff

PM Digital has announced the addition of Valeria Maltoni as Vice President, Digital Strategy.

Larry Freed Steps Down as CEO of ForeSee  Jan 13, 2014 12:17 PM By Daniela Forte

ForeSee announced that its president and CEO, Larry Freed has decided to step down from his position, according to a ForeSee blog post.






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