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Lord & Taylor President Resigns As Parent Company Reports Weak Q1 Earnings

Lord & Taylor President Resigns As Parent Company Reports Weak Q1 Earnings

Lord & Taylor President Vanessa LeFebvre, who has held the position since May 2018, announced she would be leaving her post via LinkedIn Thursday. LeFebvre made the announcement one day after Hudson’s...

Destination Maternity CEO Steps Down Amid Plummeting Sales

Destination Maternity CEO Steps Down Amid Plummeting Sales

Destination Maternity CEO Marla Ryan has resigned from her role, marking the departure of the company’s fourth chief executive in two years. Ryan will stay on with the company as...

True Religion Appoints New Interim CEO, Still Seeks Permanent CEO

True Religion Appoints New Interim CEO, Still Seeks Permanent CEO

True Religion has appointed Farla Efros as Interim CEO, succeeding Chelsea Grayson in the role. Grayson, former CEO of American Apparel, is resigning to pursue other opportunities after seven months...

Mergers & Acquisitions

Salesforce Acquires Big Data Firm Tableau For $15.7 Billion

Salesforce Acquires Big Data Firm Tableau For $15.7 Billion

Salesforce has agreed to acquire data visualization platform provider Tableau in an all-stock transaction valued at $15.7 billion, making it the largest acquisition in the company’s history and combining one...

Payment Power Players Combine In $21.5 Billion Deal

Payment Power Players Combine In $21.5 Billion Deal

Global Payments, an international provider of payment technology and software solutions, will merge with payments provider TSYS in an all-stock merger of equals valued at $21.5 billion. The combined company,...

Zebra Technologies Will Acquire Profitect

Zebra Technologies Will Acquire Profitect

Zebra Technologies, a manufacturer and seller of enterprise visibility and data capture solutions such as rugged handhelds, barcode and RFID readers, is acquiring prescriptive analytics firm Profitect for an undisclosed...

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...