B.I.G. Logistics Acquires Logistics Firm KFS Inc.
Business Intelligence Group, LLC, of Southlake, Texas, has announced the acquisition of KFS, Inc., of Fort Worth, TX, a non-asset based logistics company.
PR Newswire
Macy’s Closing 100 Stores, Investing in Ecommerce
Macy’s Inc. said Thursday that it will close approximately 100 Macy’s full-line stores and will invest in improvements in ongoing stores and digital vehicles. Stores will remain critical customer touchpoints for Macy’s, along with online shopping and mobile apps, as omnichannel retailing continues to evolve, Macy’s Inc. said in a press release.
TradeGlobal Names Blake Lundberg New President
TradeGlobal has announced the appointment of Blake Lundberg as the company’s new President. In his new role, Lundberg will manage the strategic direction of TradeGlobal with a focus on driving sustainable, long-term growth.
Stadium Goods Partners with Tmall Global
Stadium Goods will expand into the exploding Chinese marketplace through an exclusive partnership with Tmall Global, an extension of Alibaba Group’s B2C Tmall.com business. See what this will mean for both Tmall and Stadium Goods.
Is Walmart Making a Play for Jet.com?
Walmart is in talks to buy ecommerce marketplace startup Jet.com, according to an article published August 3 by The Wall Street Journal. And the price tag is not a Rollback deal: According to the article, sourced say Walmart is willing to pay $3 billion. Lets take a look at why Jet.com is a vital piece to Walmart’s ecommerce puzzle.
L Catterton Acquires Hanna Andersson
L Catterton, a consumer-focused private equity firm, announced that it has acquired Hanna Andersson, a leading premium children’s apparel and lifestyle brand. See what this will mean for Hanna Andersson.
Oracle Buys NetSuite
Oracle has announced that it has entered into a definitive agreement to acquire NetSuite for approximately $9.3 billion. The proposed transaction is expected to close in 2016, and until the transaction closes, Oracle and NetSuite will continue to operate independently.
Michael Archbold Out as GNC’s CEO
Michael Archbold has resigned as CEO of vitamins and supplements seller GNC Holdings, and is being replaced on an interim basis by industry veteran Robert Moran. Here’s a look at what led to the change in leadership.
Flipkart Acquires Online Fashion Store Jabong
According to Flipkart’s Facebook page, the Indian ecommerce marketplace is “in a relationship” with Jabong. And it’s not complicated: Flipkart-owned Myntra Designs has agreed to buy Rocket Internet-backed online fashion retailer Jabong for $70 million in cash.
G-III to Acquire Donna Karan International
G-III will acquire Donna Karan International, Inc., parent of the Donna Karan and DKNY brands and owned by LVMH, in a transaction with an enterprise value of $650 million. The transaction is expected to close in late 2016 or early 2017.