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Stop & Shop President Steps Down, Giant Food President Fills Position

Stop & Shop President Steps Down, Giant Food President Fills Position

Stop & Shop President Mark McGowan will leave his post as CEO after nearly 30 years with the grocery retailer, and will be replaced by current Giant Food President Gordan...

Sur La Table CEO Exits For CCO Position at J.Crew

Sur La Table CEO Exits For CCO Position at J.Crew

Sur La Table CEO Billy May will be leaving the position he has held since August 2017 to join J.Crew as CCO (Chief Customer Officer) starting July 15. The kitchenware company’s...

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...

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...