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Back-To-School Spend Trends: Sales, Social Media And Starting Early

Back-To-School Spend Trends: Sales, Social Media And Starting Early

July 30, 2014 | Special Reports

As the summer season nears the end, families will venture home from their vacations and head straight to the stores for their annual back-to-school shopping spree. In 2014, families are expected to spend more on school supplies compared to last year. The average family with children in grades K-12 will spend $669.28 on apparel, shoes, supplies and electronics, up 5% from 2013, according to the National Retail Federation (NRF). The NRF 2014 Back-To-School Survey, which was conducted by Prosper Insights & Analytics, indicated that total spending for back-to-school and back-to-college shopp...

Movers & Shakers

Target Names PepsiCo Alum As Chairman And CEO

Target Names PepsiCo Alum As Chairman And CEO

Target Corporation has appointed former PepsiCo executive Brian Cornell as Chairman of the Board of Directors and CEO, effective August 12. In his role, Cornell will lead the company’s mission...

Market6 Appoints CPG Exec As VP Of Kroger Business

Market6 Appoints CPG Exec As VP Of Kroger Business

Market6, a SaaS-based retail analytics applications provider, has named CPG exec Jerry Stephens as Vice President of Kroger Business. Stephens joins Market6 with 15 years of experience in the consumer goods...

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...

Mergers & Acquisitions

Dollar Store Shakeup Speculation Resolves As Dollar Tree Acquires Family Dollar

Dollar Store Shakeup Speculation Resolves As Dollar Tree Acquires Family Dollar

Dollar Tree has entered into an agreement to acquire fellow discount retailer Family Dollar Stores in a cash and stock transaction worth approximately $8.5 billion at $74.50 per share, which...

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...

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...