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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...

Retail Industry Veteran Appointed SmartFocus CEO

Retail Industry Veteran Appointed SmartFocus CEO

Intelligent marketing technology provider SmartFocus has appointed Chris Allan as its new CEO. The company’s former CEO, Rob Mullen, will join the SmartFocus board.  “Chris’ record of leading innovative retail technology...

Lee Summers Appointed CEO Of Reflect

Lee Summers Appointed CEO Of Reflect

Reflect, a digital brand media solutions provider, has appointed Lee Summers as its new CEO. Summers succeeds Bill Warren, who will maintain his position as Executive Chairman of the Board....

Mergers & Acquisitions

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...

Yahoo Trims Board As It Preps For Verizon Acquisition

Yahoo Trims Board As It Preps For Verizon Acquisition

The feel-good 1990s dotcom era is truly over. Verizon, which purchased AOL in 2015, has agreed to pay $4.83 billion for Yahoo. But not all of the once-dominant web portal...

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...