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Best Buy CDO Departs For AT&T; Replaced By Former CVS CDO

Best Buy CDO Departs For AT&T; Replaced By Former CVS CDO

Best Buy has named Brian Tilzer as its new Chief Digital Officer (CDO), filling the position left by Bala Subramian, who has joined AT&T as Chief Digital Officer, according to...

After Nine Months, PetSmart Finally Finds Permanent CEO

After Nine Months, PetSmart Finally Finds Permanent CEO

PetSmart has named J.K. Symancyk as its CEO, effective June 11. This ends the retailer’s long search for a chief exec — former CEO and President Michael Massey stepped down...

Macy’s Taps Ahold Exec As New CFO

Macy’s Taps Ahold Exec As New CFO

Macy’s has named Paula Price CFO, effective July 9, 2018. She will be responsible for leading the retailer’s finance, accounting, investor relations and internal audit functions, reporting to Chairman and CEO...

Mergers & Acquisitions

Adobe Buys Magento Commerce For $1.68 Billion

Adobe Buys Magento Commerce For $1.68 Billion

Adobe will acquire Magento Commerce for $1.68 billion. Adobe will integrate the Magento Commerce Cloud into the Adobe Experience Cloud, creating a single platform for both B2B and B2C customers. “By...

PayPal Adds In-Store Solutions With iZettle Acquisition

PayPal Adds In-Store Solutions With iZettle Acquisition

PayPal will acquire iZettle, a small business commerce platform operating in Europe and Latin America, for $2.2 billion. The deal will combine iZettle’s in-store solutions with PayPal’s global scale and...

dunnhumby Acquires Apartis, Enhancing Promotion Management Platform

dunnhumby Acquires Apartis, Enhancing Promotion Management Platform

dunnhumby has acquired Apartis Software, an enterprise marketing and promotions management company. The deal is the culmination of a strategic partnership between the companies that embedded dunnhumby customer data science into...

Financial News

Nordstrom, JCPenney Disappoint In Q2, But For Different Reasons

Nordstrom, JCPenney Disappoint In Q2, But For Different Reasons

Although Macy’s successfully maintained its holiday season momentum in Q1, fellow department stores JCPenney and Nordstrom weren’t as fortunate in their earnings results. Same-store sales at Nordstrom rose 0.6% in Q1,...

Lulus Raises $120 Million On The Back Of Strong Millennial Following

Lulus Raises $120 Million On The Back Of Strong Millennial Following

Lulus, an e-Commerce fashion retailer, has closed a $120 million investment from IVP, a venture capital and growth equity firm, and Canada Pension Plan Investment Board (CPPIB), a global investment management firm....

Macy’s Continues Positive Post-Holiday Momentum In Q1, Raises 2018 Outlook

Macy’s Continues Positive Post-Holiday Momentum In Q1, Raises 2018 Outlook

The 2017 holiday season delivered much-improved results for Macy’s and a few of its department store competitors — and Macy’s has taken its first step to answering doubts on whether...