Daniela Forte and Mike O'Brien, Author at Multichannel Merchant

Daniela Forte and Mike O'Brien

Nike, Under Armour CEOs Step Down Amid Wave of Top Departures

October 24, 2019 | Daniela Forte and Mike O'Brien

The CEOs of both Under Armour and Nike are stepping down from their respective roles, amid an unprecedented wave of top departures, including in retail and ecommerce. Here is why both CEOs are leaving their posts.

Le Tote Buying Lord & Taylor from Hudson’s Bay for $100M

August 28, 2019 | Daniela Forte and Mike O'Brien

In a surprising move, Hudson’s Bay Company is selling the storied Lord & Taylor chain, which dates to 1826 in New York, to fashion rental subscription startup Le Tote for a relatively cheap $75 million upfront, and another $25 million via a promissory note in two years.

Walmart Again Reports 37% Growth in Ecommerce During Q2

August 19, 2019 | Daniela Forte and Mike O'Brien

Walmart reported a 37% increase in ecommerce sales in Q2, the same as in Q1 and supported by strong growth in grocery, as its massive digital investments and focus continue to pay off in its locked battle with Amazon. The company is projecting full-year ecommerce growth of 35%, leveraging its huge store base for fulfillment.

Cyber Monday Ecommerce Hit Highest-Ever $7.9B

November 27, 2018 | Daniela Forte and Mike O'Brien

Cyber Monday hit $7.9 billion in ecommerce sales, making it the largest online shopping day of all time in the U.S., according to data from Adobe Analytics, up 19.3% from 2017. Here are the full results from Cyber Weekend 2018.

Retail Icon Sears Files for Chapter 11 Bankruptcy Protection

October 15, 2018 | Daniela Forte and Mike O'Brien

At long last and after several failed efforts, Sears Holdings is filing for Chapter 11 bankruptcy protection and embattled CEO Eddie Lampert, who tried unsuccessfully to prop up Sears with his own money, will step down but stay on as chairman. Here is a look at what remains and the steps Sears took to try to avert its bankruptcy fate.

Nike, Under Armour CEOs Step Down Amid Wave of Top Departures

Le Tote Buying Lord & Taylor from Hudson’s Bay for $100M

Walmart Again Reports 37% Growth in Ecommerce During Q2

Cyber Monday Ecommerce Hit Highest-Ever $7.9B

Retail Icon Sears Files for Chapter 11 Bankruptcy Protection

Black Friday Sets Records, But Cyber Monday Projected Ahead

Companies Expand Holiday Deals as Cyber Creep Sets In

China to Allow Foreign Ownership of Ecommerce Firms