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Movers & Shakers

Pesco Promoted To CEO Of Save Mart

Pesco Promoted To CEO Of Save Mart

The apple doesn’t fall far from the grocer’s tree. Nicole Piccinini Pesco, daughter of the late Robert “Bob” Piccinini, longtime owner and chairman of the 206-store Save Mart chain, has...

Howard Schultz To Step Down As Starbucks CEO In April 2017

Howard Schultz To Step Down As Starbucks CEO In April 2017

One of the country's best-known CEOs, Howard Schultz, will give up that role effective April 3, 2017. This will mark the end of Schultz' second stint in a position where...

House Of Fraser CEO Joins List Of Departing Executives

House Of Fraser CEO Joins List Of Departing Executives

House of Fraser CEO Nigel Oddy has resigned from his position at the UK department store after less than two years.

Mergers & Acquisitions

Albertsons In Talks To Acquire Price Chopper For $1 Billion

Albertsons In Talks To Acquire Price Chopper For $1 Billion

Mega-grocer Albertsons is in advanced talks to acquire New York-based supermarket chain Price Chopper for as much as $1 billion, according to a report from Reuters. Neither retailer has yet...

Bed Bath & Beyond Acquires PersonalizationMall For $190 Million

Bed Bath & Beyond Acquires PersonalizationMall For $190 Million

Continuing the trend of expanding its e-Commerce capabilities via acquisition, Bed Bath & Beyond has purchased PersonalizationMall for approximately $190 million in cash. The 18-year-old e-Tailer specializes in customizing products,...

Oracle Acquires NetSuite For $9.3 Billion

Oracle Acquires NetSuite For $9.3 Billion

UPDATE: Oracle has officially completed its acquisition of NetSuite for $9.3 billion, according to a press release from the technology conglomerate. Approximately 53% of NetSuite's shareholders unaffiliated with Oracle CEO...

Financial News

Dollar General Sales Take Hit From Competition, Food Stamp Cuts

Dollar General Sales Take Hit From Competition, Food Stamp Cuts

A week after Dollar Tree released an upbeat earnings report fueled by a 1.7% same store sales jump and a nearly $90 million net income increase, rival Dollar General illustrated...

Deflated Food Prices Fuel 8.6% Q3 Loss For Kroger

Deflated Food Prices Fuel 8.6% Q3 Loss For Kroger

Cheaper food certainly makes grocery shoppers happier as they exit the checkout lane, but America’s largest supermarket chain isn’t feeling the same positivity. Kroger reported an 8.6% net loss in...

Performance Marketing Startup Raises $3.7M For U.S. Expansion

Performance Marketing Startup Raises $3.7M For U.S. Expansion

Fidzup has raised $3.7 million in funding led by Cap Horn, Turenne Capital and its shareholders. The company, which works with global brands such as KFC, Timberland and Mercedes, plans...