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Movers & Shakers

Workarea Appoints Director Of Merchant Strategy

Workarea Appoints Director Of Merchant Strategy

SaaS commerce platform provider Workarea has appointed Linda Bustos to the newly created role of Director of Merchant Strategy. Bustos most recently co-founded e-Commerce advisory firm Edgacent, where she supported online...

Guitar Center Names Whole Foods Exec Chief Customer Officer

Guitar Center Names Whole Foods Exec Chief Customer Officer

Jeannine D’Addario will serve as the new SVP and Chief Customer Officer at Guitar Center. She will oversee the retailer’s strategic marketing, brand vision and customer brand experience, and report...

Pier 1 Imports Loses CFO, Gains New CIO

Pier 1 Imports Loses CFO, Gains New CIO

EVP and CFO Jeffrey N. Boyer will leave Pier 1 Imports effective Oct. 2, 2017. Boyer will transition to a new CFO role at Fossil Group, where he has been...

Mergers & Acquisitions

Shopgate Partners With ReCharge To Integrate Subscription Management

Shopgate Partners With ReCharge To Integrate Subscription Management

Shopgate, a SaaS shopping app platform, has partnered with billing and subscription solution provider ReCharge to synch both companies’ offerings into one platform.

Could Birchbox Be The Next E-Commerce Buy For Walmart?

Could Birchbox Be The Next E-Commerce Buy For Walmart?

Birchbox is apparently putting itself on the market, having held acquisition talks with several retailers, according to a report from Recode. One of these retailers is rumored to be Walmart,...

Sovos Expands Latin America Footprint With Paperless Acquisition

Sovos Expands Latin America Footprint With Paperless Acquisition

Global tax compliance and reporting software platform Sovos has acquired Chile-based Paperless to expand its real-time government reporting capabilities with electronic receipts and consumer POS tax reporting. Terms of the transaction...

Financial News

SoftBank Makes $3.5 Billion Bet On Fanatics, Flipkart

SoftBank Makes $3.5 Billion Bet On Fanatics, Flipkart

SoftBank Group is investing a combined $3.5 billion in Indian e-Commerce company Flipkart and sports apparel and merchandise retailer Fanatics. Nearly $2.5 billion of that investment will go to Flipkart,...

Q2 Roundup: Nordstrom Bucks Downward Trend, Wayfair Shoppers Jump 43%

Q2 Roundup: Nordstrom Bucks Downward Trend, Wayfair Shoppers Jump 43%

In recent years, quarterly results for department stores and luxury retailers have often painted a picture of “doom and gloom.” Declining sales and traffic have forced these brands to close...

Vyze Raises $13.1 Million In VC Funding

Vyze Raises $13.1 Million In VC Funding

Vyze has raised $13.1 million in venture capital financing in order to accelerate growth and fuel product innovation and expansion. The Series C round is led by Austin Ventures, with additional...