Why Vitacost.com is Vital to Kroger’s Omnichannel Strategy
Building on Vitacost.com’s technology and fulfillment platform and linking it to Kroger’s existing digital capabilities will accelerate Kroger’s omnichannel strategy.
M&A and Financial
IDS Acquires Aspen Logistics
The purchase of Aspen builds on Plainfield, IN-based IDS’s strategy in e-fulfillment to serve 90% of the US with 2-day ground service, a critical component in the rapidly expanding ecommerce market.
Sailing Capital Consortium Wins Bid for Brookstone
Sailing Capital Consortium won the June 2 auction for a final purchase price of $135.7 million. Under Sailing, Brookstone will continue to operate as a stand-alone company and brand.
Frederick’s of Hollywood Group Goes Private
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 Acquires Assets from StacksandStacks.com
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 Net Revenues Rise 11.2% in First Quarter
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 Ecommerce Sales Rose Faster than Amazon.com’s
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’s Ecommerce Sales Rose Faster than Amazon.com
Nordstrom direct net sales increased 33% in the first quarter, driven by expanded merchandise selection and ongoing technology investments to enhance the online experience.
JCPenney Online Sales are Growing Faster than Amazon
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.
Macy’s Inc. Not Interested in Sears Canada
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.