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Inventory Optimization Tops Retailers’ Omnichannel Priorities

Inventory Optimization Tops Retailers’ Omnichannel Priorities

September 16, 2014 | Trend Watch

Today’s savvy, digitally connected consumers don’t see separate commerce and marketing channels. Instead, they see brands and experiences. As a result, consumers expect that their favorite brands and retailers provide a real-time, 360-degree view of products, offers and more. Most importantly, they want to be able to complete a purchase on the channel of their choice, and have it delivered through any channel and at any time.

Movers & Shakers

PunchTab Appoints Citrix Alum As New CEO

PunchTab Appoints Citrix Alum As New CEO

Omnichannel engagement and insights platform PunchTab has named Mike Mansbach CEO of the company. Mansbach previously served as head of the Global Sales and Client Services team for the SaaS division...

Home Depot Appoints New CEO

Home Depot Appoints New CEO

Craig Menear, President of U.S. Retail at The Home Depot, will succeed Frank Blake as the company’s CEO effective Nov. 1, 2014. Blake will remain Chairman of the company’s board...

Mary Kay Names Corporate Social Responsibility VP

Mary Kay Names Corporate Social Responsibility VP

Beauty brand Mary Kay Inc. has promoted Crayton W. Webb to VP of Corporate Communications and Corporate Social Responsibility. In his new position, Webb will continue to oversee global media...

Mergers & Acquisitions

Dollar General Ups Bid For Family Dollar

Dollar General Ups Bid For Family Dollar

UPDATE: Dollar General has launched a tender offer to acquire all outstanding shares of Family Dollar for $80.00 per share in cash, or $9.1 billion. The offer is increased from the...

Catalina Acquires Cellfire To Expand Digital Coupon Network

Catalina Acquires Cellfire To Expand Digital Coupon Network

Personalized digital media company Catalina has entered into a definitive agreement to acquire Cellfire, a provider of load-to-card (L2C) digital coupons for consumer packaged goods retailers. Cellfire will operate under...

PetSmart Acquires Pet360, Increases Net Income By 5.1%

PetSmart Acquires Pet360, Increases Net Income By 5.1%

PetSmart has acquired online pet products retailer and integrated media company Pet360 for $130 million to ramp up its e-Commerce business. With the purchase, PetSmart will provide customers with seamless...

Financial News

Stein Mart To Open Six New Stores In 2014

Stein Mart To Open Six New Stores In 2014

Stein Mart, a discount retailer of fashion apparel, accessories, home décor and shoes, will open six new stores this fall as part of an extensive store expansion plan. In...

Francesca’s Q2 Earnings Dip, Lowers Full Year Outlook

Francesca’s Q2 Earnings Dip, Lowers Full Year Outlook

Francesca’s Holdings Corp., parent company of specialty retailer Francesca’s, reported a net income of $10.3 million in Q2 2014, declining from $14.6 million in Q2 2013. In response, the company...

Stein Mart August Sales Grow 3.8%

Stein Mart August Sales Grow 3.8%

Stein Mart, a national women’s and men’s fashion retailer, reported a 3.8% increase in year over year August sales, resulting in $86.5 million in total revenue for the month. Comparable...