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Office Depot CEO Roland Smith To Retire In 2017 As Exec Committee Reorganizes

Office Depot CEO Roland Smith To Retire In 2017 As Exec Committee Reorganizes

Roland Smith, the CEO of Office Depot, plans to retire from his position at the end of Q1 2017. Smith will remain the Chairman of the Board of Directors at...

Toys “R” Us Exec Fills Vacant Macy’s CMO Role

Toys “R” Us Exec Fills Vacant Macy’s CMO Role

Macy’s has appointed Richard A. Lennox as its new Chief Marketing Officer, effective Sept. 15, 2016. Lennox will be responsible for the department store’s omnichannel market presence and strategy, including...

Tech Vet Eric Best Joins Amperity as Chief Customer Officer

Tech Vet Eric Best Joins Amperity as Chief Customer Officer

Seattle-based machine-learning marketing startup Amperity announced that Eric Best will join the company’s leadership team as Chief Customer Officer. Best brings more than 20 years of executive operating experience in...

Mergers & Acquisitions

Logility Acquires AdapChain

Logility Acquires AdapChain

Logility, the UK-based provider of collaborative supply chain optimization and advanced retail planning solutions, has acquired the privately held U.S.-based AdapChain, a developer of advanced integration solutions. Financial terms of...

Canada's Couche-Tard To Buy CST Brands in $4.4 Billion Deal

Canada's Couche-Tard To Buy CST Brands in $4.4 Billion Deal

Quebec-based Alimentation Couche-Tard has agreed to buy CST Brands Inc. in a deal that boosts its presence in the Southwestern U.S. and sharply consolidates the convenience store industry. Couche-Tard said the...

STRATACACHE Acquires Control Of Digital Signage Rival Scala

STRATACACHE Acquires Control Of Digital Signage Rival Scala

STRATACACHE has acquired supermajority control of rival digital signage platform provider Scala for an undisclosed sum. Retailers presently using solutions from either company may see added value from the transaction when...

Financial News

JDA Procures $570 Million Equity Investment, Avoids Sale To Honeywell

JDA Procures $570 Million Equity Investment, Avoids Sale To Honeywell

JDA Software has completed an agreement with Blackstone and its majority owner New Mountain Capital for the private equity firms to invest $570 million to finance a recapitalization of the...

Bon-Ton Can’t Escape Department Store Doldrums

Bon-Ton Can’t Escape Department Store Doldrums

Slow sales have continued to hamper the majority of department stores in 2016, and it appears Bon-Ton is as vulnerable to these woes as any other retailer. Q2 comparable store...

Department Store Drama Dominates Q2; Are More Store Closings In The Cards?

Department Store Drama Dominates Q2; Are More Store Closings In The Cards?

A disappointing Q1 for department stores kept all eyes on a select few retailers throughout Q2. Although the major department stores managed to improve their financial results over Q1, these...