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Walmart Chief Marketing Officer Exits As Department Restructures

Walmart Chief Marketing Officer Exits As Department Restructures

Walmart U.S. Chief Marketing Officer Barbara Messing is stepping down as of Aug. 30, according to an internal memo provided to AdAge. Some of her duties will be handled temporarily...

BevMo! Taps Amazon Canada Vet As CMO

BevMo! Taps Amazon Canada Vet As CMO

BevMo! has named Matthew Champion SVP and CMO. Champion will be responsible for all aspects of marketing at the beverage retailer, including both traditional and digital marketing, in-store activation and...

Express Names Chief Merchandising And Chief Marketing Officers

Express Names Chief Merchandising And Chief Marketing Officers

Express has appointed Malissa Akay to the role of EVP and Chief Merchandising Officer and Sara Tervo as EVP and Chief Marketing Officer. Both executives will join Express on Sept....

Mergers & Acquisitions

Report: Alibaba Acquires Kaola For $2 Billion

Report: Alibaba Acquires Kaola For $2 Billion

Alibaba Group has agreed to pay $2 billion in cash to acquire fellow Chinese cross-border e-Commerce platform NetEase Kaola, according to a report from Caixin Global. Kaola, owned by NetEase Inc.,...

Steve Madden Acquires GREATS

Steve Madden Acquires GREATS

Steve Madden has acquired GREATS, a Brooklyn-based digitally native footwear brand specializing in Italian-made sneakers, for an undisclosed amount. Founded in 2014 by Ryan Babenzein, GREATS opened a 500-square-foot flagship in Manhattan’s...

Farfetch Adds Tech, New Brands With $675M Purchase Of New Guards

Farfetch Adds Tech, New Brands With $675M Purchase Of New Guards

The online luxury fashion marketplace Farfetch has purchased New Guards Group, a brand platform that has launched several global luxury fashion brands, for $675 million. The acquisition extends Farfetch’s capabilities to...

Financial News

JRNI Raises $6 Million In Financing, Names Chief Technology Officer

JRNI, a customer engagement platform for omnichannel conversion, has closed a $6 million extension to its Series C financing led by PeakSpan Capital, with participation from Downing Ventures and Somerston...

Q2 Roundup: Walmart Wins Big, Department And Apparel Stores Must Prepare For Tariffs

Q2 Roundup: Walmart Wins Big, Department And Apparel Stores Must Prepare For Tariffs

With another major earnings week underway, the biggest names in retail continue to grab the most attention, albeit for quite contradictory reasons: Walmart was a big winner despite its internal struggle...

Vuori Secures $45 Million Investment To Fuel Further Growth

Vuori Secures $45 Million Investment To Fuel Further Growth

Activewear retailer Vuori has received a $45 million growth equity investment from Norwest Venture Partners. Norwest will acquire a minority stake in the retailer and Jon Kossow, Managing Partner at...