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Wool And The Gang Creates Tight-Knit Community With Olapic

Wool And The Gang Creates Tight-Knit Community With Olapic

July 25, 2014 | Retail Success Stories

Consumers are increasingly referring to content generated by their peers to find shopping inspiration. In fact, shoppers find user-generated content 20% more influential on purchases and 35% more memorable than other types of media, according to research from Crowdtap and Ipsos.  Brands such as Wool and the Gang thrive on community interaction. In fact, the entire Wool and the Gang business was crafted with interpersonal communication and the “maker movement” in mind. The site offers a vast collection of knitwear for women, men, children and infants.

Movers & Shakers

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...

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...

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...