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MadaLuxe Group Co-Founder Named CEO

MadaLuxe Group Co-Founder Named CEO

MadaLuxe Group, a distributor of luxury fashion products, has named Co-Founder and President Adam Freede as CEO. Sandy Sholl, Co-Founder and CEO emeritus of MadaLuxe Groupe, has been named Executive...

Toshiba Tec Names Roberge CIO Of 2 U.S. Companies

Toshiba Tec Names Roberge CIO Of 2 U.S. Companies

Toshiba Tec Corp. has promoted Leon Roberge to the post of CIO at its two U.S.-based companies, Toshiba America Business Solutions and Toshiba Global Commerce Solutions. Roberge had been responsible...

Gap Brand CEO Steps Down Amid Profit Challenges

Gap Brand CEO Steps Down Amid Profit Challenges

Jeff Kirwan, President and CEO of Gap brand since 2014, is leaving the company amid challenges around profit growth. While Gap Inc. searches for a successor, Brent Hyder, current Gap...

Mergers & Acquisitions

NMI Acquires Creditcall To Create Omnichannel Payment Platform

NMI Acquires Creditcall To Create Omnichannel Payment Platform

NMI, which specializes in card-not-present (CNP) payments, will acquire NMI, adding EMV and card-present expertise to the combined companies’ portfolio. NMI provides payment enablement technology to Independent Sales Organizations (ISOs),...

Albertsons-Rite Aid Merger Shakes Up Both Grocery And Pharmacy Sectors

Albertsons-Rite Aid Merger Shakes Up Both Grocery And Pharmacy Sectors

Albertsons Cos., parent company of supermarkets Albertsons, Safeway, Jewel-Osco and Acme, has reached a definitive merger agreement with Rite Aid to create a combined company that could generate as much...

H-E-B Expands Delivery Offerings With Favor Acquisition

H-E-B Expands Delivery Offerings With Favor Acquisition

By 2024, 70% of U.S. consumers will be shopping for groceries online, according to a recent study from Nielsen and the Food Marketing Institute. Supermarkets are scrambling to set up...

Financial News

Wall Street Wakeup: New Business Metrics Define Retail Success

Wall Street Wakeup: New Business Metrics Define Retail Success

The host of the NPR business show Marketplace often asserts that Wall Street is not the economy (usually before he shares the day’s Dow Jones gains or losses). For retailers,...

Brick-And-Mortar Financial Index Dips 4.54% Year-To-Date

Brick-And-Mortar Financial Index Dips 4.54% Year-To-Date

The rise of e-Commerce has had a major impact on more than just retailers. It has reshaped how investors, businesses and policymakers view the industry. Simply put, as brick-and-mortar retailers...

With $200M In New Funding, CEO Declares Instacart Is ‘Just Getting Started’

With $200M In New Funding, CEO Declares Instacart Is ‘Just Getting Started’

A battle of the titans continues to play out as Amazon and Instacart each move to capture more convenience-hungry grocery customers. In a Feb. 12 blog post, Instacart Founder and...