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Symphony RetailAI Names Kevin Sterneckert CMO

Symphony RetailAI Names Kevin Sterneckert CMO

Symphony RetailAI, a provider of AI-enabled decision platforms, solutions and customer-centric insights for retailers and manufacturers, has appointed Kevin Sterneckert as CMO.  In this role, Sterneckert will continue to drive awareness through...

Rite Aid CEO Steps Down In C-Suite Shuffle; Retailer Will Cut 400 Jobs

Rite Aid CEO Steps Down In C-Suite Shuffle; Retailer Will Cut 400 Jobs

In what the retailer is labeling a “leadership transition plan and organizational restructuring,” Rite Aid CEO John Standley is stepping down, but he will remain in his position until a...

Post-Bankruptcy, David’s Bridal Names New Leaders

Post-Bankruptcy, David’s Bridal Names New Leaders

David’s Bridal, which emerged from bankruptcy in January without closing any of its 300 stores, is making some significant C-suite changes. The retailer named a new CEO, Tom Lynch, and...

Mergers & Acquisitions

Conversocial Acquires Chatbot Platform

Conversocial Acquires Chatbot Platform

Conversocial, a digital customer experience platform, is acquiring Assist, an enterprise chatbot platform, to improve its ability to offer scalable, conversational customer experiences to retailers and brands. Terms of the...

Walmart Acquires Israel-Based Natural Language Processing Startup

Walmart Acquires Israel-Based Natural Language Processing Startup

Walmart has acquired Aspectiva, an Israel-based natural language processing (NLP) startup, for an undisclosed sum. Aspectiva will join Walmart’s Store No. 8 incubation arm, where its NLP capabilities will be...

Kibo Acquires Certona, Adding Personalization To Cloud Commerce Offering

Kibo Acquires Certona, Adding Personalization To Cloud Commerce Offering

Kibo will acquire Certona, an omnichannel personalization solution provider, combining Kibo’s cloud commerce solutions with Certona’s personalization offerings. The financial terms of the acquisition have not been disclosed.

Financial News

Glossier Valuation Reaches $1.2 Billion After $100 Million Funding Round

Glossier Valuation Reaches $1.2 Billion After $100 Million Funding Round

Glossier has raised $100 million in a Series D funding round led by Sequoia Capital, with the direct-to-consumer beauty company now valued at $1.2 billion, according to a Wall Street...

StellaService Raises $11 Million, Sells Off Mystery Shopping Solution

StellaService Raises $11 Million, Sells Off Mystery Shopping Solution

StellaService has raised $11 million in its most recent funding round for Stella Connect, its people success platform for customer service teams. This SaaS solution provides clients including Jet.com, Williams-Sonoma...

Neiman Marcus Comes To Agreement With Lenders, Aims To Drive $5 Billion In Total Sales By 2024

Neiman Marcus Comes To Agreement With Lenders, Aims To Drive $5 Billion In Total Sales By 2024

Neiman Marcus has reached an agreement with majority noteholders and term lenders to extend the maturity of the retailer’s term loans and unsecured notes by three years. The plan, if...