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Movers & Shakers

Starbucks Appoints New CFO

Starbucks Appoints New CFO

Starbucks has appointed Patrick Grismer EVP and CFO to replace Scott Maw, who is retiring Nov. 30. Grismer will join the company on Nov. 12 and assume the role of...

Catalina Chooses Amtrak Veteran As New CEO

Catalina Chooses Amtrak Veteran As New CEO

Catalina has named Gerald “Jerry” Sokol Jr. as its CEO, effective immediately. His experience includes leading technology and consumer-focused companies across a wide variety of markets, including the U.S., Europe,...

JCPenney Names New CEO In Hopes Of Turnaround

JCPenney Names New CEO In Hopes Of Turnaround

After a four-month search, JCPenney finally has found its next chief exec. The department store’s Board of Directors appointed Jill Soltau as CEO, effective Oct. 15. Soltau most recently served...

Mergers & Acquisitions

Mi9 Retail Puts MyWebGrocer In Shopping Cart

Mi9 Retail Puts MyWebGrocer In Shopping Cart

Mi9 Retail will purchase MyWebGrocer (MWG), a software and digital media company serving the grocery and CPG industries. Details of the acquisition have not been reported. The MWG solution adds new...

Walmart Buys Bare Necessities In Latest Digital Acquisition

Walmart Buys Bare Necessities In Latest Digital Acquisition

Just a few weeksafter Walmart acquired Eloquii, a plus-sized fashion retailer, the retail giant has reeled in its next digitally native brand. Walmart acquired Bare Necessities, an e-Commerce intimates and...

DSW And Authentic Brands Acquire Camuto Group For $375 Million

DSW And Authentic Brands Acquire Camuto Group For $375 Million

DSW and Authentic Brands Group have acquired Camuto Group for approximately $375 million, including the licensing rights for the Jessica Simpson footwear business, as well as the footwear and handbag...

Financial News

Allbirds Raises $50 Million, Eyeing UK, Asia Expansion

Allbirds Raises $50 Million, Eyeing UK, Asia Expansion

Allbirds, the footwear retailer known best for selling wool sneakers, has raised $50 million in funding led by T. Rowe Price. With the funding, Allbirds is now valued of $1.4 billion,...

H&M Buys $20 Million Stake In Klarna, Will Integrate Payments Platform

H&M Buys $20 Million Stake In Klarna, Will Integrate Payments Platform

H&M is investing $20 million in Klarna, a Swedish bank and online payment solution provider. The investment equals a stake of less than 1% in the company. With the partnership, H&M...

Bread Secures $60 Million To Extend Financing Platform Capabilities

Bread Secures $60 Million To Extend Financing Platform Capabilities

Bread, a marketing technology company that builds customizable financing solutions for retailers and brands, has completed a $60 million round of equity financing. The company, which first closed $126 million...