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Eddie Lampert Steps Down As Sears Chairman

Eddie Lampert Steps Down As Sears Chairman

In the wake of gaining approval to purchase Sears in a $5.2 billion lifeline bid, Chairman Eddie Lampert has stepped down from its Board of Directors, according to a company...

Macy’s Promotes Company Veteran To Chief Merchandising Officer Role

Macy’s Promotes Company Veteran To Chief Merchandising Officer Role

Macy’s has named Patti Ongman Chief Merchandising Officer, effective March 1. She will succeed Jeff Kantor, who is retiring from the role.

REI CEO Resigns Over Personal Conflict Of Interest

REI CEO Resigns Over Personal Conflict Of Interest

Jerry Stritzke, President and CEO of outdoors retailer REI, has resigned from his position effective March 15, 2019. The co-op’s board of directors accepted the resignation after an investigation into...

Mergers & Acquisitions

Things Remembered Finds A Buyer After Bankruptcy Filing

Things Remembered Finds A Buyer After Bankruptcy Filing

Things Remembered, a retailer that sells personalized gifts and merchandise, will sell most of its business to Enesco, a distributor of giftware, home décor and accessories, upon filing for Chapter...

WorkJam Acquires Peerio Technologies To Add More Secure Messaging

WorkJam Acquires Peerio Technologies To Add More Secure Messaging

WorkJam, a digital workplace solution provider, has acquired employee communications software provider Peerio Technologies. The deal will add chat and secure document sharing to WorkJam’s existing team communication and workstream...

Walmart Adds Four Delivery Partners To Expand Online Grocery Operations

Walmart Adds Four Delivery Partners To Expand Online Grocery Operations

[Editor’s note: This article initially contained erroneous information. The mistake has been corrected.] Walmart is working with four additional companies to boost its grocery delivery options: Point Pickup, Skipcart, AxleHire and Roadie....

Financial News

Retail Has Biggest Monthly Sales Dip In 9 Years — But Did Government Shutdown Skew The Numbers?

Retail Has Biggest Monthly Sales Dip In 9 Years — But Did Government Shutdown Skew The Numbers?

Retail got hit with a rough — albeit controversial — dose of news indicating that many merchants didn’t have a jolly holiday season after all. Overall retail sales fell 1.2%...

Levi Strauss & Co. Files For IPO

Levi Strauss & Co. Files For IPO

Levi Strauss & Co. has filed for an IPO and will be listed on the New York Stock Exchange under the ticker symbol “LEVI.” The number of shares to be...

RELEX Solutions Secures $200 Million Investment To Accelerate Product Development

RELEX Solutions Secures $200 Million Investment To Accelerate Product Development

Editor's Note: This article has been edited since it was originally published. RELEX Solutions, a provider of unified retail planning solutions, has secured a $200 million minority investment from TCV. With...