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Michaels Adds Chief Customer Officer Role

Michaels Adds Chief Customer Officer Role

Michaels has made several changes to its top leadership team, including appointing Vidya Jwala to the newly created position of Chief Customer Officer. Additionally, Scott Lindblom has been promoted to EVP...

Walmart Promotes Neighborhood Market Exec To Sam’s Club CEO Spot

Walmart Promotes Neighborhood Market Exec To Sam’s Club CEO Spot

Kathryn McLay has been named President and CEO of Sam’s Club. She joined parent company Walmart in 2015 as the VP of U.S. Finance and Strategy. After being promoted to...

True Religion Names Former President As New CEO

True Religion Names Former President As New CEO

True Religion Apparel has appointed Michael Buckley as its new CEO, effective immediately. Buckley, who brings 30 years’ experience in retail and consumer products, had previously served as President of True...

Mergers & Acquisitions

Coty Acquires Majority Stake In Kylie Jenner’s Beauty Business For $600 Million

Coty Acquires Majority Stake In Kylie Jenner’s Beauty Business For $600 Million

Coty Cotyhas acquired 51% of Kylie Cosmetics and Kylie Skin for $600 million, valuing the beauty brands at approximately $1.2 billion. In acquiring a majority stake, Coty aims to focus...

Investment Firm Acquires Sugarfina Out Of Bankruptcy For $15 Million

Investment Firm Acquires Sugarfina Out Of Bankruptcy For $15 Million

Two months after filing for Chapter 11 bankruptcy, luxury candy retailer Sugarfina has a new owner. The Bristol Luxury Group, a subsidiary of investment firm Bristol Capital Advisors LLC, won...

Manthan And RichRelevance Lay Groundwork For Consolidation

Manthan And RichRelevance Lay Groundwork For Consolidation

Manthan, an AI-powered cloud analytics software company, has formed a strategic alliance with personalization software provider RichRelevance. The companies have initiated a joint go-to-market that will set them on a...

Financial News

SheerID Raises $64 Million In Latest Funding Round

SheerID Raises $64 Million In Latest Funding Round

Identity marketing solution provider SheerID has raised $64 million in an equity round led by CVC Growth Partners. The new investment will allow SheerID to expand its platform to multiple...

Q3 Earning Season Kicks Off: Alibaba Excels, Walgreens And Wayfair Stumble

Q3 Earning Season Kicks Off: Alibaba Excels, Walgreens And Wayfair Stumble

‘Tis the season for retail earnings, and so far, pre-holiday numbers are varying dramatically from company to company. Amazon kicked things off with its first quarterly net income drop (26%...

Namogoo Raises $40M In Series C Funding Round

Namogoo Raises $40M In Series C Funding Round

Namogoo, which offers solutions designed to prevent customer journey hijacking online, has raised $40 million in a Series C funding round. Led by Oak HC/FT along with existing investors GreatPoint Ventures,...