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Executive ARCHIVE

2,500 Layoffs, Store Closings Announced at Macy’s  Jan 08, 2014 5:23 PM By Erin Lynch

In an effort to save nearly $100 million annually, Macy’s has laid out a cost reduction plan which includes laying off 2,500 workers and the closing of a handful of its brick-and-mortar stores.

Rotunda Capital Acquires Majority Stake in Discount Ramps  Jan 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.

5 Digital Marketing Resolutions for 2014  Jan 01, 2014 8:30 PM By Graham Cooke

With the new year and new budget assessments upon us, this is a critical time for merchants to assess and reevaluate their strengths and opportunities. Marketers may experience many stages of resolutions, but to truly reap the benefits of 2014, all the following outlined should be realized.

Jos. A. Bank Rejects Men’s Wearhouse Acquisition Bid  Dec 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.”

Tim Callan Named SLI Systems Chief Marketing Officer  Dec 18, 2013 1:40 PM By MCM Staff

SLI Systems announced that Tim Callan has been named Chief Marketing Officer.

FedEx Net Income Up 14%  Dec 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.

Donald Watros Named President of Hudson’s Bay Company  Dec 17, 2013 2:11 PM By Daniela Forte

Hudson’s Bay Company announced that Donald Watros, who is currently the company’s chief operating officer, has been named president of HBC effective Feb. 1, according to a press release by HBC.

Home Depot to Look Into Same-Day Shipping Initiative in 2014  Dec 12, 2013 4:19 PM By Erin Lynch

With the addition of three new distribution centers in California, Atlanta, and Ohio, Home Depot announced plans on Dec. 11 to develop same-day shipping capabilities.

Lululemon Founder Resigns as Board Chairman  Dec 10, 2013 1:28 PM By Daniela Forte

Lululemon Athletica Inc., a yoga-inspired athletic apparel merchant, announced that founder Chip Wilson is resigning from his position as chairman of the Board of Directors, according to a press release. He plans to step down prior to the company’s annual meeting in June 2014.

Cheesewright Named CEO of Walmart International  Dec 10, 2013 9:26 AM By MCM Staff

Walmart announced today that David Cheesewright will become the president and CEO of Walmart International. At his previous post with the retailer, Cheesewright was the president and CEO of Walmart’s Europe, Middle East, Africa and Canada. Cheesewright will assume his new role on Feb. 1, 2014.






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