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Symphony RetailAI Names Kevin Sterneckert CMO

Symphony RetailAI Names Kevin Sterneckert CMO

Symphony RetailAI, a provider of AI-enabled decision platforms, solutions and customer-centric insights for retailers and manufacturers, has appointed Kevin Sterneckert as CMO.  In this role, Sterneckert will continue to drive awareness through...

Rite Aid CEO Steps Down In C-Suite Shuffle; Retailer Will Cut 400 Jobs

Rite Aid CEO Steps Down In C-Suite Shuffle; Retailer Will Cut 400 Jobs

In what the retailer is labeling a “leadership transition plan and organizational restructuring,” Rite Aid CEO John Standley is stepping down, but he will remain in his position until a...

Post-Bankruptcy, David’s Bridal Names New Leaders

Post-Bankruptcy, David’s Bridal Names New Leaders

David’s Bridal, which emerged from bankruptcy in January without closing any of its 300 stores, is making some significant C-suite changes. The retailer named a new CEO, Tom Lynch, and...

Mergers & Acquisitions

Walmart Acquires Israel-Based Natural Language Processing Startup

Walmart Acquires Israel-Based Natural Language Processing Startup

Walmart has acquired Aspectiva, an Israel-based natural language processing (NLP) startup, for an undisclosed sum. Aspectiva will join Walmart’s Store No. 8 incubation arm, where its NLP capabilities will be...

Kibo Acquires Certona, Adding Personalization To Cloud Commerce Offering

Kibo Acquires Certona, Adding Personalization To Cloud Commerce Offering

Kibo will acquire Certona, an omnichannel personalization solution provider, combining Kibo’s cloud commerce solutions with Certona’s personalization offerings. The financial terms of the acquisition have not been disclosed.

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...

Financial News

StellaService Raises $11 Million, Sells Off Mystery Shopping Solution

StellaService Raises $11 Million, Sells Off Mystery Shopping Solution

StellaService has raised $11 million in its most recent funding round for Stella Connect, its people success platform for customer service teams. This SaaS solution provides clients including Jet.com, Williams-Sonoma...

Neiman Marcus Comes To Agreement With Lenders, Aims To Drive $5 Billion In Total Sales By 2024

Neiman Marcus Comes To Agreement With Lenders, Aims To Drive $5 Billion In Total Sales By 2024

Neiman Marcus has reached an agreement with majority noteholders and term lenders to extend the maturity of the retailer’s term loans and unsecured notes by three years. The plan, if...

The Home Depot Joins Roadie Investors In $37M Funding Round

The Home Depot Joins Roadie Investors In $37M Funding Round

Delivery service Roadie has raised $37 million in a Series C funding round with investments from The Home Depot, investment banker Warren Stephens and ex-Google CEO Eric Schmidt’s TomorrowVentures, among...