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.
Executive
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.
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.
The Liquidation of Coldwater Creek Begins
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.
From Intern to CTO: Bulu Box’s Caitlin Bales Graduates to C-Level
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.
Steinhafel Out as Target’s CEO
Following “extensive discussions,” with its board of directors, Gregg Steinhafel has stepped down as chairman, president and CEO of Target. The mass merchant has retained Korn Ferry to advise the board on a comprehensive CEO search.
Digital River Appoints Marco Vergani as GM and VP of EMEA
Vergani most recently served as IBM’s vice president of European sales for the Global Process Services division.