Menu
RSS

Featured Stories

Nordstrom Will Reportedly Pay $350 Million For Trunk Club

Nordstrom Will Reportedly Pay $350 Million For Trunk Club

August 01, 2014 | Mergers & Acquisitions

Nordstrom is expanding its focus on menswear with the purchase of the Trunk Club Brand, reportedly for $350 million, according to recode.net. The e-Commerce site was founded in 2006 and currently sells approximately 100 brands of men’s apparel. Trunk Club sent out an email to its customers yesterday, authored by CEO Brian Spaly, stating that: “Nothing changes for us – or the service we offer you – except that we now have an experienced partner to help us improve everything we do.”

Movers & Shakers

Target Names PepsiCo Alum As Chairman And CEO

Target Names PepsiCo Alum As Chairman And CEO

Target Corporation has appointed former PepsiCo executive Brian Cornell as Chairman of the Board of Directors and CEO, effective August 12. In his role, Cornell will lead the company’s mission...

Market6 Appoints CPG Exec As VP Of Kroger Business

Market6 Appoints CPG Exec As VP Of Kroger Business

Market6, a SaaS-based retail analytics applications provider, has named CPG exec Jerry Stephens as Vice President of Kroger Business. Stephens joins Market6 with 15 years of experience in the consumer goods...

Interbrand North America Promotes Josh Feldmeth To CEO

Interbrand North America Promotes Josh Feldmeth To CEO

Global brand consultant Interbrand has promoted Josh Feldmeth to CEO of its North American division. Former CEO Lee Carpenter is stepping down after 12 years in the position. Most recently, Feldmeth...

Mergers & Acquisitions

FTD Agrees To Purchase Provide Commerce For $430M

FTD Agrees To Purchase Provide Commerce For $430M

FTD, a floral and gifting company has signed a definitive agreement to acquire Liberty Interactive Corporation’s Provide Commerce floral and gifting businesses for $430 million. The transaction is expected to...

Nordstrom Will Reportedly Pay $350 Million For Trunk Club

Nordstrom Will Reportedly Pay $350 Million For Trunk Club

Nordstrom is expanding its focus on menswear with the purchase of the Trunk Club Brand, reportedly for $350 million, according to recode.net. The e-Commerce site was founded in 2006 and currently...

EGain To Acquire Exony For $16.1M

EGain To Acquire Exony For $16.1M

EGain, a customer engagement solution provider, has signed a definitive agreement to acquire contact center software provider Exony for approximately $16.1 million. The transaction is expected to close within one...

Financial News

SKECHERS Sees 37% Year Over Year Boost In Net Sales

SKECHERS Sees 37% Year Over Year Boost In Net Sales

Footwear brand and retailer SKECHERS reported Q2 2014 net sales of $587 million, the highest quarterly revenues in its 22-year history and a 37% improvement over the previous year. “The strong...

First Data Closes $3.5 Billion In Private Placement

First Data Closes $3.5 Billion In Private Placement

First Data Holdings Inc., the parent company of First Data Corporation, has netted $3.5 billion of its common equity from the closing of private placement commitments made in June. The private...

Capillary Technologies Raises $14 Million In Series B Funding

Capillary Technologies Raises $14 Million In Series B Funding

Capillary Technologies, a cloud-based marketing platform solution provider, has secured $14 million in Series B funding to further improve the company’s marketing platform and develop its partnership ecosystem. Current partners...