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Movers & Shakers

Macy’s Shops At eBay For New President

Macy’s Shops At eBay For New President

Macy’s has long sought a transformation that can help turn its struggling business in the right direction. As part of its latest efforts to restructure the company, the department store...

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...

Mergers & Acquisitions

Private Equity Firm Acquires Digital Experience Testing Provider Applause

Private Equity Firm Acquires Digital Experience Testing Provider Applause

Investment firm Vista Equity Partners has acquired Applause, a technology provider and crowdsourced software testing community designed to optimize digital experiences for retailers and brands. Terms of the deal were...

Lifestyle Sneaker Brands DTLR, VILLA Merge

Lifestyle Sneaker Brands DTLR, VILLA Merge

Urban lifestyle footwear retailers DTLR and VILLA are merging in an effort to give both brands “the strength of a national retailer,” according to a joint statement. Financial details of...

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.

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...