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Movers & Shakers

Christopher & Banks CEO And Board Chair Depart

Christopher & Banks CEO And Board Chair Depart

On the heels of a disappointing holiday, Christopher & Banks announced the departure of its President and CEO LuAnn Via, and its Board Chairwoman Lisa Wardell. The move stays true...

True Fit Names Former Demandware Exec As Chief Retail Officer

True Fit Names Former Demandware Exec As Chief Retail Officer

Footwear and apparel discovery platform True Fit has appointed Troy Brown as its Chief Retail Officer. In this role Brown will lead True Fit’s go-to-market team and drive the global...

Walmart CIO Terrell Stepping Down

Walmart CIO Terrell Stepping Down

Karenann Terrell, who has served as Walmart's CIO since 2012, will be leaving on Feb. 24, 2017. The retailer has not yet named a successor, according to The Wall Street...

Mergers & Acquisitions

Eyewear Giants Luxottica And Essilor Merge In $49 Billion Deal

Eyewear Giants Luxottica And Essilor Merge In $49 Billion Deal

Two of the biggest players in the $121 billion global eyewear market, Luxottica and Essilor, will team up in a $49 billion all-share deal. Luxottica is a frame manufacturer and retailer...

STRATACACHE Acquires Fellow Signage Provider Real Digital Media

STRATACACHE Acquires Fellow Signage Provider Real Digital Media

STRATACACHE has acquired Real Digital Media for an undisclosed sum, marking the second time the brand has integrated an industry competitor in six months. In August, STRATACACHE acquired supermajority control...

Gildan Wins American Apparel Auction With $88 Million Bid

Gildan Wins American Apparel Auction With $88 Million Bid

Although Amazon and Forever 21 both reportedly showed interest in bidding on American Apparel during its bankruptcy auction, Canadian apparel manufacturer Gildan Activewear won the rights to the brand after...

Financial News

SmarterHQ Raises $13 Million To Expand Into New Verticals

SmarterHQ Raises $13 Million To Expand Into New Verticals

SmarterHQ, maker of a customer personalization engine, has secured $13 million in funding. Spring Lake Equity led the round with additional participation from Simon Venture Group and Battery Ventures. SmarterHQ...

CloudCraze Secures $20 Million In Funding To Fuel B2B Commerce Growth

CloudCraze Secures $20 Million In Funding To Fuel B2B Commerce Growth

CloudCraze, an enterprise digital commerce solution, has raised $20 million in funding led by Insight Venture Partners with additional participation from Salesforce Ventures. The funding will help the company strengthen...

Rent The Runway Raises $60 Million In Latest Funding Round

Rent The Runway Raises $60 Million In Latest Funding Round

Just weeks after opening its flagship store in Manhattan, fashion retailer Rent the Runway has announced a $60 million funding round led by Fidelity Management and Research Company. The round...