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CommerceHub To Acquire Mercent

CommerceHub To Acquire Mercent

December 18, 2014 | Mergers & Acquisitions

CommerceHub, an e-Commerce solution provider, has signed an agreement to acquire Mercent, a Seattle-based retail technology company. Financial terms of the agreement have not been disclosed. The CommerceHub virtual-inventory platform integrates retailers with a network of more than 8,500 drop-ship suppliers, while Mercent enables merchants to optimize digital marketing campaigns across channels. Together, the companies will empower retailers to orchestrate seamless omnichannel commerce experiences.

Movers & Shakers

American Apparel Fires Dov Charney, Appoints New CEO

American Apparel Fires Dov Charney, Appoints New CEO

American Apparel has fired former CEO and Founder Dov Charney for reasons related to the terms of his employment agreement, according to a company statement. The retailer’s Board of Directors...

Bebe Onboards Jim Wiggett As Permanent CEO

Bebe Onboards Jim Wiggett As Permanent CEO

Women’s apparel retailer bebe stores has named interim CEO Jim Wiggett as its permanent leader. With the appointment, bebe also added Wiggett to its Board of Directors. Prior to joining the...

Walmart Promotes EVP And COO

Walmart Promotes EVP And COO

Wal-Mart Stores has promoted Judith McKenna to COO of Walmart U.S. McKenna succeeds Gisel Ruiz, who has been promoted to EVP of Walmart’s International People Division. Both position changes are...

Mergers & Acquisitions

CommerceHub To Acquire Mercent

CommerceHub To Acquire Mercent

CommerceHub, an e-Commerce solution provider, has signed an agreement to acquire Mercent, a Seattle-based retail technology company. Financial terms of the agreement have not been disclosed. The CommerceHub virtual-inventory platform...

SHOEme Acquires Shoes.com

SHOEme Acquires Shoes.com

SHOEme, parent company of online footwear retailers Onlineshoes.com and SHOEme.ca, has acquired Shoes.com from Brown Shoe Company for an undisclosed sum. “Our top priorities as we head into 2015 are to...

Epicor Acquires ShopVisible To Expand Omnichannel Capabilities

Epicor Acquires ShopVisible To Expand Omnichannel Capabilities

Epicor Software Corporation, has announced plans to acquire ShopVisible, LLC, a provider of cloud-based retail order management and digital commerce solutions. Set to close by the end of 2014, the...

Financial News

PetSmart Agrees To $8.7 Billion Buyout

PetSmart Agrees To $8.7 Billion Buyout

PetSmart will sell itself to a consortium led by investment firm BC Partners for approximately $8.7 billion, or $83.00 per share in cash. The transaction was unanimously approved by the...

Delia’s Files For Bankruptcy

Delia’s Files For Bankruptcy

Teen brand and retailer Delia’s announced today that it plans to file for Chapter 11 bankruptcy protection and liquidate all merchandise. Recently, the retailer tried to raise funding and find...

Deb Shops Files For Chapter 11 Bankruptcy

Deb Shops Files For Chapter 11 Bankruptcy

Women’s clothing retailer Deb Shops has filed for bankruptcy protection in a Delaware court. The filing, which was submitted on November 30, is part of a financial restructuring that...