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Movers & Shakers

Victoria’s Secret CEO Steps Down After Two-Year Tenure

Victoria’s Secret CEO Steps Down After Two-Year Tenure

The CEO of Victoria’s Secret Lingerie, Jan Singer, has resigned after a little more than two years in the role. Singer, the former CEO of Spanx, was put in charge...

PCMS Appoints New Chief Commercial Officer

PCMS Appoints New Chief Commercial Officer

PCMS, a provider of IT software and services for retailers, has appointed Jon Stretton as Chief Commercial Officer. Stretton will mostly focus on expanding the company’s global business. Stretton joins PCMS...

JCPenney Names New Interim CFO

JCPenney Names New Interim CFO

Michael Fung, who spent more than a decade in senior financial roles at Walmart, will become the new interim CFO at JCPenney. Jerry Murray, who took on interim CFO responsibilities...

Mergers & Acquisitions

Ulta Beauty Acquires AI, AR Startups Amid Digital Acceleration

Ulta Beauty Acquires AI, AR Startups Amid Digital Acceleration

Ulta Beauty has taken both the investment and acquisition routes as it accelerates digital innovation and personalization. During its annual analyst and investor conference, the retailer revealed that it has...

NCR Acquires StopLift To Address Self-Checkout Theft And In-Store Shrink

NCR Acquires StopLift To Address Self-Checkout Theft And In-Store Shrink

NCR Corporation has acquired StopLift Checkout Vision Systems, an intelligent computer vision systems provider for retail POS platforms. Financial terms of the transaction were not disclosed. With the growth of Amazon...

Hibbett Sports Acquires City Gear In Deal Worth Up To $113 Million

Hibbett Sports Acquires City Gear In Deal Worth Up To $113 Million

Hibbett Sports has acquired fellow athletic specialty retailer City Gear. Hibbett will pay $88 million in cash at the deal’s closing — and could potentially pay up to an additional...

Financial News

Sears Secures $60 Million Bid For Home Improvement Division

Sears Secures $60 Million Bid For Home Improvement Division

Sears Holdings is seeking the bankruptcy court’s approval to accept a $60 million “stalking horse” bid for its Sears Home Improvement business (SHIP). If the court approves the bid from...

Amazon Joins $35 Million Funding Round For Lifestyle And Food Studio

Amazon Joins $35 Million Funding Round For Lifestyle And Food Studio

Tastemade, a digital lifestyle and food network and studio that also sells cooking materials, home and travel gifts, has secured a $35 million Series E funding round with Amazon contributing...

Springbot Closes $15 Million Funding Round

Springbot Closes $15 Million Funding Round

Springbot has raised $15 million in a funding round led by North Atlantic Capital. The solution provider will use the investment to continue developing solutions that support the growth objectives...