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Movers & Shakers

Sprouts Farmers Market Names New CEO, Interim CFO

Sprouts Farmers Market Names New CEO, Interim CFO

Sprouts Farmers Market has hired former Walmart executive Jack Sinclair as CEO and member of the Board of Directors. Additionally, CFO Brad Lukow has resigned, and Lawrence Molloy has been...

Stop & Shop President Steps Down, Giant Food President Fills Position

Stop & Shop President Steps Down, Giant Food President Fills Position

Stop & Shop President Mark McGowan will leave his post as CEO after nearly 30 years with the grocery retailer, and will be replaced by current Giant Food President Gordan...

Sur La Table CEO Exits For CCO Position at J.Crew

Sur La Table CEO Exits For CCO Position at J.Crew

Sur La Table CEO Billy May will be leaving the position he has held since August 2017 to join J.Crew as CCO (Chief Customer Officer) starting July 15. The kitchenware company’s...

Mergers & Acquisitions

Trax Acquires Shopping Rewards App Shopkick

Trax Acquires Shopping Rewards App Shopkick

Trax, a Singapore-based computer vision and analytics solution for retail, has acquired Shopkick, a shopping rewards app, with the goal of uniting the mobile and physical retail worlds for global...

Vera Bradley Acquires Majority Ownership In Pura Vida

Vera Bradley Acquires Majority Ownership In Pura Vida

Vera Bradley has signed an agreement to acquire a 75% interest in Creative Genius, Inc., the owner of Pura Vida, a California-based digitally native lifestyle brand that sells handmade bracelets...

Crate And Barrel Acquires San Francisco-Based Home Décor Retailer

Crate And Barrel Acquires San Francisco-Based Home Décor Retailer

Crate and Barrel has bought Hudson Grace, a San Francisco-based boutique home décor and gift brand that operates five California stores and one Atlanta location, for an undisclosed sum. As part...

Financial News

Depop Raises $62 Million To Fight Counterfeiting, Expand Globally

Depop Raises $62 Million To Fight Counterfeiting, Expand Globally

Depop, a UK-based peer-to-peer social shopping app, has raised $62 million in Series C funding. The most recent financing round was led by General Atlantic, with investments from Balderton Capital,...

Zyper Raises $6.5 Million In Series A Funding

Zyper Raises $6.5 Million In Series A Funding

Zyper, a peer-to-peer marketing software platform, has raised $6.5 million in Series A Funding, bringing its total funding to $8.5 million. The most recent financing round was led by Talis...

GameStop Comp Sales Decline 10.3% In Q1 2019; New CEO Reviewing Business

GameStop Comp Sales Decline 10.3% In Q1 2019; New CEO Reviewing Business

GameStop reported a year-over-year total sales decline of 13.3% and a comparable sales decrease of 10.3% in Q1. The weakness was driven by a 20.3% drop in pre-owned sales alongside a...