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MULTICHANNEL MERCHANT » EXECUTIVE
Frederick’s of Hollywood Group Inc. has announced the completion of its acquisition led by a group consisting of HGI Funding LLC. The total transaction is valued at approximately $24.8 million.
Organize-It, a retailer for storage and organizational products, purchased specific assets only from on-line competitor StacksandStacks.com. The assets acquired include the stacksandstacks.com domain name along with associated blogs, website code database and email list.
LightInTheBox’s first-quarter increases were driven by the recovery of its wedding business, strong performance from ready-to-wear apparel, as well as the increasing contribution of its mobile commerce business.
Walmart’s first-quarter global ecommerce sales rose 27%, the mass merchant announced on May 15. That growth is faster than ecommerce behemoth Amazon.com, which saw a 23% rise in sales during the comparative quarter.
Nordstrom direct net sales increased 33% in the first quarter, driven by expanded merchandise selection and ongoing technology investments to enhance the online experience.
Is JCPenney growing faster than Amazon.com? Not really. But based on its new sales reporting methodology, JCPenneys’ first-quarter online sales grew at a faster pace than Amazon’s. Here’s why.
Sears Holdings announced Wednesday that it is exploring strategic alternatives for its 51% interest in Sears Canada, including a potential sale of Sears Holdings’ interest or Sears Canada as a whole. But don’t expect Macy’s Inc. to make an offer.
A joint venture of Gordon Brothers Group and Hilco Merchant Resources began Coldwater Creek’s closing sales on May 8. The women’s apparel seller filed for Chapter 11 bankruptcy protection on April 11.
Here’s something you don’t see every day – someone trading in her mortarboard for a proverbial executive cap. But four months after she began an internship with Bulu Box, Caitlin Bales became the company’s chief technology officer.
Office Depot chairman and CEO Roland Smith said a staged approach to store closures allows Office Depot to minimize risk and adapt its learnings to future groups of store closings.
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