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News Briefs

Staying on top of breaking news in the retail industry is a commitment Retail TouchPoints editors take seriously. Each day, we publish the latest information in this News Briefs section. Up-to-the-minute stories cover retail implementations, new product announcements, financial updates, executive appointments and overall global updates affecting every aspect of the retail industry.

Barnes & Noble Promotes COO To Top Spot

Barnes & Noble Promotes COO To Top Spot

April 27 // Written by Adam Blair

CVS, Apple Accelerate Store Redesigns

CVS, Apple Accelerate Store Redesigns

April 26 // Written by Glenn Taylor

Title Nine Upgrades E-Commerce Site Experience

Title Nine Upgrades E-Commerce Site Experience

April 26 // Written by Glenn Taylor

Jimmy Choo Steps Closer To A Sale

Jimmy Choo Steps Closer To A Sale

April 24 // Written by Glenn Taylor

Sears Continues Store Closures, Replaces CFO

Sears Continues Store Closures, Replaces CFO

April 24 // Written by Glenn Taylor

Spencer’s Gifts Upgrades Merchandising Platform

Spencer’s Gifts Upgrades Merchandising Platform

April 20 // Written by Klaudia Tirico

Peapod Partners With Personalized Meal Planner

Peapod Partners With Personalized Meal Planner

April 20 // Written by Adam Blair

Walmart Close To Buying Bonobos For $300 Million

Walmart Close To Buying Bonobos For $300 Million

April 18 // Written by Glenn Taylor

Rue21 To Close 400 Stores, Focus On E-Commerce

Rue21 To Close 400 Stores, Focus On E-Commerce

April 18 // Written by Klaudia Tirico

Crate & Barrel, Benetton CEOs Call It Quits

Crate & Barrel, Benetton CEOs Call It Quits

April 17 // Written by Glenn Taylor

J.McLaughlin To Deploy Suite Of Cloud Solutions

J.McLaughlin To Deploy Suite Of Cloud Solutions

April 13 // Written by Klaudia Tirico

Kronos And Oracle Combine Workforce Cloud Offerings

Kronos And Oracle Combine Workforce Cloud Offerings

April 11 // Written by Glenn Taylor

Vertex Named A Magento Premier Technology Partner

Vertex Named A Magento Premier Technology Partner

April 11 // Written by Adam Blair

hhgregg To Close All 220 Stores; 5,000 Layoffs Expected
Sephora To Open Experiential Beauty Workshops In NYC

Sephora To Open Experiential Beauty Workshops In NYC

April 10 // Written by Klaudia Tirico

Staples Explores Potential Private Equity Sale

Staples Explores Potential Private Equity Sale

April 04 // Written by Glenn Taylor

Barnes & Noble Promotes COO To Top Spot

  • Published in News Briefs
For the fifth time in four years, beleaguered bookseller Barnes & Noble has turned to a new leader, promoting COO Demos Parneros to the position of CEO. Company founder Leonard Riggio, who has been serving as CEO since the August 2016 departure of Ron Boire, will remain Chairman of the…
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CVS, Apple Accelerate Store Redesigns

  • Published in News Briefs
Although CVS Pharmacy and Apple could scarcely be more different retailers, similar pressures — primarily declining foot traffic — are prompting both companies to redesign their stores. After seeing non-pharmacy comparable store sales fall 2.9% in Q4, CVS Health is transforming its stores to focus on front-store sales. Adding healthier…
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Title Nine Upgrades E-Commerce Site Experience

  • Published in News Briefs
Women’s outdoor and athletic apparel retailer Title Nine has upgraded its e-Commerce site with omnichannel commerce platform Kibo. The result has been higher conversion rates and an improved checkout flow through all channels. Title Nine wanted to reinvigorate its site by elevating the brand experience to better connect with customers…
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Jimmy Choo Steps Closer To A Sale

UK-based luxury footwear retailer Jimmy Choo has put itself up for sale in a move to maximize the brand’s shareholder value. Jimmy Choo will conduct a review of its various strategic options going ahead, although there is no certainty that an offer will be made. The company discussed the strategic…
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Sears Continues Store Closures, Replaces CFO

Sears Holdings began this year with an announcement that it would close 150 stores in 2017,  and things have not improved in the months since. The retailer is shuttering 92 underperforming pharmacy operations in certain Kmart stores and 50 Sears Auto Center locations. The company has updated its strategic restructuring…
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Sports Direct Scores Eastern Outfitters Brands For $101 Million

UK-based Sports Direct has acquired Bob's Stores and Eastern Mountain Sports from parent company Eastern Outfitters LLC for $101 million in cash. The move will save 50 combined stores under the two brands, which predominantly sell sports and casual wear, and outdoor and camping equipment. When Eastern Outfitters filed for Chapter 11 bankruptcy in February, Sports Direct initially reached an agreement with the firm to become a stalking horse bidder at its bankruptcy auction.But instead Sports Direct agreed to a purchase, after other creditors objected to the bidding process.

ATGStores.com Rebrands To The Mine, Adds A Personal Concierge

  • Published in News Briefs
ATGStores.com, an online home furnishings retailer owned by Lowe’s, has rebranded to The Mine, to create a shopping destination for retail and commercial customers that provides designer-curated furniture, lighting and home décor. The retailer also launched Personal Concierge, which offers complimentary one-on-one shopping and order services.
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Spencer’s Gifts Upgrades Merchandising Platform

  • Published in News Briefs
Spencer’s Gifts has selected the Mi9 Merchant retail flagship merchandising platform to replace its legacy merchandising system as its “core provider of merchandising,” according to CIO Carey Lowrey. The retailer chose Mi9 Merchant for its breadth and depth of functionality in a single solution, including advanced allocation.
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Walmart Buys Shoes.com Intellectual Property For $9 Million

Walmart is continuing its e-Commerce spending spree, with the retail giant acquiring the domain name and intellectual priority of defunct online retailer Shoes.com for $9 million. The Shoes.com web address still exists, but one click on the page will redirect consumers to Walmart’s recently acquired ShoeBuy unit. The intellectual property includes the company’s logos and social media accounts, according to documents posted on the web site of professional services firm Alvarez & Marsal Canada.

Peapod Partners With Personalized Meal Planner

  • Published in News Briefs
Peapod, a grocery delivery service operated by Ahold USA, has partnered with DinnerTime.com, a personalized meal recommendation service. DinnerTime.com customizes recommendations based on member households’ tastes, budgets, time constraints, health concerns, food allergies and other dietary restrictions. In the 24 U.S. markets Peapod serves, DinnerTime.com members can get a personalized…
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Lord & Taylor Launches Bobbi Brown Stores-Within-The-Store

  • Published in News Briefs
Five Lord & Taylor stores, including its New York City flagship, will house “justBOBBI” stores-within-the-store, featuring merchandise reflecting the aesthetic of cosmetics and lifestyle expert Bobbi Brown. The justBOBBI shops will include wellness and beauty products, apparel, accessories and books Brown has authored, including her latest, Beauty From The Inside…
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PetSmart To Acquire Chewy For Record $3.35 Billion

PetSmart is acquiring online pet supplies retailer Chewy for a reported $3.35 billion. While neither company confirmed the acquisition price, the sum (as reported by Recode) makes this the biggest e-Commerce acquisition ever. The reported total outstrips Walmart’s $3.3 billion acquisition of Jet.com, but it plays out in a similar scenario: the brick-and-mortar leader acquires a valuable, rapidly rising e-Commerce brand that enhances its reach to consumers. Like Walmart and many other big box counterparts, PetSmart aims to adapt to shifting consumer demands and expectations by positioning itself to generate revenue and gather insight from a younger, online-savvy merchant.

Touch Of Modern Names First President/COO

Touch of Modern has named Egon Smola to the newly created position of President and Chief Operating Officer. Smola will report to CEO and Co-Founder Jerry Hum and will be responsible for day-to-day operations, including developing existing internal talent and promoting company culture. In the role, Smola will partner with Hum to determine strategic direction for the company, manage interaction with the Board of Directors, and explore fundraising and strategic partnership opportunities.

Walmart Close To Buying Bonobos For $300 Million

  • Published in News Briefs
Walmart is reportedly in advanced talks to scoop up its fourth e-Commerce brand of 2017, and its biggest yet. The retail giant is close to acquiring men’s fashion retailer Bonobos, according to Recode. A Bloomberg report estimates the purchase price at approximately $300 million. Bonobos gained popularity as a pure-play…
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Rue21 To Close 400 Stores, Focus On E-Commerce

  • Published in News Briefs
More bad news for malls nationwide: teen retailer Rue21 is shutting down approximately 400 stores in an effort to focus on its online business, according to the Associated Press. The closing represent one-third of the retailer’s brick-and-mortar operations, leaving approximately 700 stores and its e-Commerce site in operation.
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Crate & Barrel, Benetton CEOs Call It Quits

The CEOs at Crate & Barrel and Benetton Group have decided to step down from their positions. The situations at each company are different, although both announcements come as something of a surprise. In the case of Crate & Barrel, chief exec Doug Diemoz resigned on April 14 in the…
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7-Eleven Mexico, Miroglio And Konzum Deploy Oracle Solutions

  • Published in News Briefs
Three major international retailers, 7-Eleven Mexico, Miroglio Fashion and Croatian grocery retailer Konzum, recently selected solutions from Oracle Retail to help them better manage their brick-and-mortar stores and improve omnichannel integration. 7-Eleven Mexico, which operates 1,950 convenience stores across 15 Mexican states, has deployed Oracle Retail Merchandise Operations Management solutions…
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Kohl’s Names First CMO Since 2012

Kohl’s has named former Best Buy exec Greg Revelle as its CMO, filling this position for the first time in five years. The CMO spot has been vacant since Julie Gardner stepped down in November 2012. In the role, Revelle will be responsible for Kohl’s marketing organization and overall marketing strategy, including the company’s focus on driving customer engagement through analytics, enhancing the loyalty platform, accelerating customer traffic and continuing to build Kohl’s overall brand position. Revelle will report directly to Chief Merchandising and Customer Officer Michelle Gass.

Kronos And Oracle Combine Workforce Cloud Offerings

  • Published in News Briefs
Kronos and Oracle have formed a cloud collaboration relationship to introduce a combined offering in the global human capital management (HCM) market. As part of the collaboration, Kronos is integrating its Kronos Workforce Central suite with Oracle’s HCM core human resources (HR) and payroll capabilities.
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Vertex Named A Magento Premier Technology Partner

  • Published in News Briefs
Vertex, a provider of tax technology automation solutions, has been named a Magento Premier Technology Partner. The designation recognizes Vertex for offering solutions that, in combination with Magento Commerce Cloud, can provide a more seamless experience for Magento customers. Complex rules and varying rates across different jurisdictions make collecting sales…
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