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New Technologies, Tactics Make The Store Of The Future A Reality

New Technologies, Tactics Make The Store Of The Future A Reality

September 1, 2015 | Special Reports

Despite the rise of e-Commerce, online channels will only account for 6.7% of global retail sales by the end of 2015, according to eMarketer. That means brick-and-mortar will make up approximately 93.3% of the predicted $1.6 trillion in worldwide retail sales this year. Although eMarketer’s projections and several other studies have affirmed that brick-and-mortar is not dead or dying, it is experiencing a rebirth of sorts, fueled by consumers’ constant connectivity to digital tools and information. In order to remain in the long-term competitive mix, brick-and-mortar retailers must rethink...

Movers & Shakers

Bond Brand Loyalty Adds Blackberry Exec To Business Development Team

Bond Brand Loyalty Adds Blackberry Exec To Business Development Team

Bond Brand Loyalty, an agency focused on building and operating customer loyalty solutions, has hired Mike McDowell as its North American VP of Business Development. McDowell most recently served as...

Abercrombie & Fitch Builds New Leadership Team

Abercrombie & Fitch Builds New Leadership Team

Abercrombie & Fitch has assembled a new brand leadership team as part of its initiative to restructure the company’s overall management. The new team includes six new positions, reflecting the...

Target Makes More Executive Changes

Target Makes More Executive Changes

Target has promoted CFO John Mulligan to the newly created role of Executive Vice President and Chief Operating Officer. In this role, Mulligan will oversee stores, the supply chain and properties....

Mergers & Acquisitions

Private Equity Firm Buys Belk For $2.7 Billion In Cash

Private Equity Firm Buys Belk For $2.7 Billion In Cash

As part of a definitive agreement, private equity firm Sycamore Partners will acquire family-owned department store Belk for $2.7 billion in cash. As part of the deal, Belk shareholders will...

Oracle Buys Maxymiser To Expand Marketing Cloud

Oracle Buys Maxymiser To Expand Marketing Cloud

Oracle today has signed an agreement to acquire Maxymiser, a provider of cloud-based marketing and personalization solutions. The proposed deal is subject to standard closing conditions, and the companies will...

PayPal Acquires Mobile Commerce Platform Modest

PayPal Acquires Mobile Commerce Platform Modest

PayPal has acquired mobile commerce startup Modest, marking the company’s first purchase since its split from eBay in July. Terms of the deal have not been disclosed. All 20 Modest employees,...

Financial News

A&P Sells Pharmacy Assets, Inventory To Rite Aid For $8.1 Million

A&P Sells Pharmacy Assets, Inventory To Rite Aid For $8.1 Million

Great Atlantic & Pacific Tea Co. (A&P) received approval from a U.S. bankruptcy court to sell pharmacy assets and inventory from 12 of its 25 in-store pharmacies to Rite Aid...

TrackIf Raises $5 Million In Series A Funding

TrackIf Raises $5 Million In Series A Funding

TrackIf, a provider of online price tracking and intelligent alerting solutions, has raised $5 million in a Series A financing round led by Origin and Grotech Ventures. Chicago Ventures also...

Amazon, Walgreens, Neiman Marcus Are Big Winners In Q2

Amazon, Walgreens, Neiman Marcus Are Big Winners In Q2

Economic growth was slower than expected in the first half of 2015, leading the National Retail Federation (NRF) to reduce its initial 4.1% yearly growth forecast to 3.5%. The NRF...