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ETailers Open Stores To Improve One-To-One Relationships With Shoppers

ETailers Open Stores To Improve One-To-One Relationships With Shoppers

October 21, 2014 | Trend Watch

“Omnichannel” continues to be one of the most-used buzzwords in the retail industry today. While all retailers strive to create seamless, compelling and personalized interactions across channels, a number of pure-play e-Commerce retailers are jumping into brick-and-mortar by putting their own, unique spin on the in-store experience. Nearly half (49%) of consumers believe the best action retailers can take to improve the shopping experience is to better integrate in-store, online and mobile shopping channels, according to Accenture. Although many online-only retailers have been successful in a...

Movers & Shakers

JCPenney Names Home Depot Exec President And CEO-Designee

JCPenney Names Home Depot Exec President And CEO-Designee

The JCPenney Board of Directors has selected Marvin Ellison, current EVP of U.S. Stores at The Home Depot, as the company’s next President and CEO-Designee effective November 1, 2014. Ellison...

Luxottica CEO Resigns After Six Weeks In Position

Luxottica CEO Resigns After Six Weeks In Position

Luxottica Group, a designer, manufacturer and distributor of luxury and sports eyewear, held an emergency Board of Directors meeting after Enrico Cavatorta, CEO of the company, resigned on Oct. 12,...

Gap CEO Steps Down

Gap CEO Steps Down

Glenn Murphy has announced that he will retire from his position as CEO of Gap Inc. effective February 1, 2015. The retailer’s board of directors unanimously agreed to appoint Art...

Mergers & Acquisitions

Epicor Acquires QuantiSense

Epicor Acquires QuantiSense

Epicor Software Corporation has announced that it will acquire QuantiSense, a provider of cloud-based and on-premise analytic solutions for the retail industry. The deal is expected to close on Oct....

Ensighten Acquires Anametrix To Add Marketing Analytics Technology To Platform

Ensighten Acquires Anametrix To Add Marketing Analytics Technology To Platform

Ensighten, a global omnichannel data and tag management provider, has acquired Anametrix, a cloud-based, multichannel marketing analytics platform. The news comes following Ensighten’s March 2014 purchase of tag management company TagMan....

CPG And Retail M&A Activity Reaches Highest-Valued First Half Since 2007

CPG And Retail M&A Activity Reaches Highest-Valued First Half Since 2007

CPG and retail mergers and acquisitions (M&A) increased 3.3% in the first half of 2014 to $140.7 billion, marking the highest-valued first half of activity since 2008 ($147.7 billion), according...

Financial News

LightSpeed Receives $35 Million To Expand Product Line

LightSpeed Receives $35 Million To Expand Product Line

LightSpeed, a provider of cloud-based commerce solutions, has closed $35 Million in new funding led by iNovia Capital and Accel Partners. This is the second round of funding for LightSpeed,...

Stein Mart To Open Six New Stores In 2014

Stein Mart To Open Six New Stores In 2014

Stein Mart, a discount retailer of fashion apparel, accessories, home décor and shoes, will open six new stores this fall as part of an extensive store expansion plan. In...

Francesca’s Q2 Earnings Dip, Lowers Full Year Outlook

Francesca’s Q2 Earnings Dip, Lowers Full Year Outlook

Francesca’s Holdings Corp., parent company of specialty retailer Francesca’s, reported a net income of $10.3 million in Q2 2014, declining from $14.6 million in Q2 2013. In response, the company...