Ares Management LLC and Canada Pension Plan Investment Board announced plans to acquire Neiman Marcus Group from a group of investors led by TPG and Warburg Pincus for $6 billion, according to a press release.
Outdoor apparel and gear retailer, REI, has named Jerry Stritzke as the company’s president and CEO following an extensive national search. Prior to joining REI, Stritzke was the president and COO at Coach but resigned on September 2.
Overall email volume for the second quarter of 2013 increased 17.9% over the same period in 2012, and unique open rates increased 7.2% year-over-year, according to the Q3 2013 email benchmark report by Experian Marketing Services. Here’s what the report uncovers about other email trends, including mobile.
Jarden Corp. has agreed to acquire Yankee Candle Investments from Madison Dearborn Partners for approximately $1.75 billion in cash, subject to working capital and other adjustments. here’s why Jarden wants to add Yankee Candle to its portfolio of retail brands.
Deliv has announced a partnership with a subsidiary of General Growth Properties to offer same-day delivery service to customers of four GGP shopping malls. Here’s a look at how Deliv’s same-day delivery program will work.
The Sears Holding Corporation, which operates Sears, Roebuck and Co., and Kmart, reported a 6% or $194 million loss in the second quarter. However, the online sales for both sears.com and kmart.com grew over 20%.
With the merger, JustFab and ShoeDazzle will be able to expand their customer base in the United States and further accelerate international and category expansion plans, as well as leverage significant scale and operational synergies.
Net sales at J.C. Penney continue to decline, but the general merchants’ second-quarter results show sudden double-digit growth in its ecommerce channel. Here’s why sales at jcp.com have improved each month within the second quarter, and July sales are up over 14% to last year.
Dick’s Sporting Goods reported a lower-than-expected second quarter, which the sports retailer said was due in large part to “higher levels of precipitation and cooler temperatures.” Dick’s, however, did report that net sales for the second quarter increased 6.6% to $1.5 billion.
Innotrac announced its financial results for the second quarter and is reporting a 27% increase in net service revenues.