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IKEA Promotes Brodin To CEO

IKEA Promotes Brodin To CEO

IKEA has promoted longtime company executive Jesper Brodin to CEO effective Sept. 1, according to reports from Bloomberg and Fortune. Brodin will replace CEO Peter Agnefjall, who is stepping down after...

JCPenney Fills Top Marketing Spot

JCPenney Fills Top Marketing Spot

Marci Grebstein has been named EVP-Chief Marketing Officer for JCPenney, filling a role that has been vacant since Mary Beth West left the department store retailer to become Chief Growth...

Ralph Lauren Names Former P&G Exec As New CEO

Ralph Lauren Names Former P&G Exec As New CEO

Three months after Stefan Larsson announced he would step down as CEO of Ralph Lauren, the luxury brand has named a replacement. Former Proctor & Gamble exec Patrice Louvet will...

Mergers & Acquisitions

Abercrombie Preps For Possible Buyout

Abercrombie Preps For Possible Buyout

Embattled teen retailer Abercrombie & Fitch is in preliminary discussions with “several parties” regarding a potential transaction. The company is working with an investment bank to find a buyer, according...

Coach Seeks To Bag Millennials, Acquires Kate Spade For $2.4 Billion

Coach Seeks To Bag Millennials, Acquires Kate Spade For $2.4 Billion

After being the subject of sale speculation for months, Kate Spade has finally found its buyer. Fellow luxury handbag seller Coach has purchased the Kate Spade brand for $2.4 billion,...

Sports Direct Scores Eastern Outfitters Brands For $101 Million

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...

Financial News

Sears Reduces Short-Term Debt Burden With Loan Extension

Sears Reduces Short-Term Debt Burden With Loan Extension

In the wake of financial struggles that saw the brand report more than $2.2 billion in losses in 2016, Sears Holdings is doing everything it can to stave off a...

Do Next-Gen Target Stores Breed Hope For A Turnaround?

Do Next-Gen Target Stores Breed Hope For A Turnaround?

Target totally outperformed Wall Street expectations in Q1, perhaps sharing optimism that the retailer is set to experience a reversal of fortunes from its recent stagnation. While revenue fell 1.1%...

Darkstore Raises $1.4 Million For Expansion To 3 New Markets

Darkstore Raises $1.4 Million For Expansion To 3 New Markets

Darkstore, an on-demand delivery fulfillment startup, has raised $1.4 million in seed financing from PivotNorth Capital. The company plans to use the funding to launch in new markets and expand...