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Journeys Gets A Leg Up On Competitors With ShopperTrak

Journeys Gets A Leg Up On Competitors With ShopperTrak

July 25, 2014 | Retail Success Stories

Although e-Commerce sales are on the rise, many consumers still prefer visiting brick-and-mortar stores to touch and feel products before making a final decision. In fact, 21% of U.S. shoppers plan to increase in-store spending, up from just 9% in 2012, according to Accenture research.  Journeys is taking note of consumers’ ongoing desire to shop in stores by continually investing more in improving the brick-and-mortar experience. Most recently, Journeys announced its implementation of ShopperTrak, which will enable the footwear and apparel retailer to measure store traffic and optimize ...

Movers & Shakers

Tesco CEO Steps Down Amid Profit Downturn

Tesco CEO Steps Down Amid Profit Downturn

Philip Clarke will step down as CEO of Tesco effective October 1, 2014, in the wake of half yearly sales and profits that did not reach forecast expectations. The grocer’s board...

Financial Services Alum Joins First Data As CIO

Financial Services Alum Joins First Data As CIO

Payment technology and solution provider First Data has hired former Citigroup and Bank of America executive Christopher Augustin as Chief Information Officer (CIO). In his role, Augustin will lead software...

Williams-Sonoma Adds Children’s Place Alum To Executive Team

Williams-Sonoma Adds Children’s Place Alum To Executive Team

Williams-Sonoma, Inc., a provider of high-end home goods, has appointed Ronald R. Young, a former executive at the Children’s Place, as Senior Vice President. In his position, Young will help...

Mergers & Acquisitions

Hardy Capital Partners Acquires ShoeMe.ca And OnlineShoes.com To Step Into Footwear Industry

Hardy Capital Partners Acquires ShoeMe.ca And OnlineShoes.com To Step Into Footwear Industry

Canadian merchant bank Hardy Capital Partners has acquired and consolidated OnlineShoes.com and ShoeMe.ca to create the largest online footwear business based in Canada. The joint company will have more than 250...

NetSuite Acquires Venda To Support European Expansion

NetSuite Acquires Venda To Support European Expansion

NetSuite has acquired London-based e-Commerce solution provider Venda to support its European business expansion. Financial details of the transaction were not disclosed. Since 2001, Venda has offered its cloud-based digital Convergent...

Crumbs Agrees To Be Acquired, Stores Could Re-Open

Crumbs Agrees To Be Acquired, Stores Could Re-Open

Just when the world thought Crumbs Bake Shop was gone for good, there still may be hope for the high-end cupcake chain. One week after abruptly closing all stores...

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...