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Movers & Shakers

Ralph Lauren Picks First CMO As It Moves ‘Forward’

Ralph Lauren Picks First CMO As It Moves ‘Forward’

Only weeks after CEO Stefan Larsson said he would step down from the brand in May due to creative differences, Ralph Lauren has hired its first Chief Marketing Officer. Jonathan Bottomley,...

Kibo Appoints Event Management Veteran As COO

Kibo Appoints Event Management Veteran As COO

Unified omnichannel commerce platform Kibo has appointed Dirk Wakeham as its new COO. In the role, Wakeham will lead the services, success and support teams at Kibo and will be responsible for ongoing...

Walgreens CIO Quits To Form Marketing Startup

Walgreens CIO Quits To Form Marketing Startup

Walgreens Chief Digital Officer and CIO Abhi Dhar is leaving the company in March to form an online marketing startup. The unnamed startup will provide “a marketing platform for retail...

Mergers & Acquisitions

Walmart Bags Moosejaw For $51 Million

Walmart Bags Moosejaw For $51 Million

Walmart continues to beef up its e-Commerce offerings as it seeks to challenge online leader Amazon. The latest acquisition is outdoors retailer Moosejaw. In a deal that closed Feb. 13,...

Kroger Acquires Murray’s Cheese For $21 Million

Kroger Acquires Murray’s Cheese For $21 Million

Kroger has acquired Murray’s Cheese, a chain of specialty cheese and meat shops, as well as its flagship location on Bleecker Street and in Grand Central Terminal in New York...

LogMeIn Completes Merger With Citrix

LogMeIn Completes Merger With Citrix

LogMeIn, Inc., a provider of cloud-based connectivity, has completed its merger with Citrix Systems, Inc. and its GoTo family of services. The deal officially closed after market hours on January...

Financial News

GNC Takes $433 Million Loss Amid Mass Rebranding

GNC Takes $433 Million Loss Amid Mass Rebranding

GNC’s furious attempt at a turnaround is not looking promising. The retailer reported a net loss of $433 million in Q4, demonstrating that the brand will need more than a...

Amazon Posts 55% Q4 Profit Rise Off Holiday 2016

Amazon Posts 55% Q4 Profit Rise Off Holiday 2016

Amazon had yet another lucrative holiday season, capping off 2016 with a 55% year-over year profit increase to $749 million in Q4. Adjusted earnings per share reached $1.54, well above...

OrderGroove Raises $20 Million to Fuel Frictionless Commerce Innovation

OrderGroove Raises $20 Million to Fuel Frictionless Commerce Innovation

OrderGroove, which assists brands and retailers with subscription selling models and retention rates, has announced a funding round of $20 million. The company will enhance its omnichannel Subscription Enablement Platform and...