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Movers & Shakers

Express Appoints Former Macy’s Exec As CEO

Express Appoints Former Macy’s Exec As CEO

Express has appointed Timothy Baxter as its next CEO, ending a four-month search. Baxter will assume day-to-day leadership of the fashion retailer and join the company’s Board of Directors effective...

Zara Parent Splits CEO And Executive Chairman Roles, Promotes Insider To CEO

Zara Parent Splits CEO And Executive Chairman Roles, Promotes Insider To CEO

Inditex, parent company of Zara, will separate the dual role of CEO and Executive Chairman, with Pablo Isla remaining in the Executive Chairman position and COO Carlos Crespo being promoted...

JCPenney Names Target Veteran To Top Customer Spot

JCPenney Names Target Veteran To Top Customer Spot

JCPenney has tapped 25-year retail veteran Shawn Gensch as its new EVP and Chief Customer Officer (CCO), effective June 3. Gensch, who will report to CEO Jill Soltau, will be responsible...

Mergers & Acquisitions

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...

Chico’s FAS Rejects Second Buyout Proposal From Sycamore Partners

Chico’s FAS Rejects Second Buyout Proposal From Sycamore Partners

The Board of Directors of Chico’s FAS, parent company of Chico’s, White House Black Market and Soma, has rejected an acquisition proposal from private equity firm Sycamore Partners for the...

TrueCommerce Acquires Supply Chain Management Platform Provider ecUtopia

TrueCommerce Acquires Supply Chain Management Platform Provider ecUtopia

TrueCommerce has acquired fellow cloud-based supply chain collaboration and visibility platform ecUtopia for an undisclosed sum. With the acquisition, TrueCommerce gains a strategic technology service that strengthens its commerce network...

Financial News

As Department Stores Struggle To Drive Sales, TJX, Walmart And Target Soar

As Department Stores Struggle To Drive Sales, TJX, Walmart And Target Soar

The great Q1 results from Walmart and Target indicate that these top players have been doing everything they can to keep up with both Amazon and the shopper’s needs —...

Chewy Files For IPO

Chewy Files For IPO

E-Commerce pet food retailer Chewy has filed for an IPO and will be listed on the New York Stock Exchange under the ticker symbol “CHWY.” The number of shares to be...

PayPal Participates In $11 Million Happy Returns Funding Round

PayPal Participates In $11 Million Happy Returns Funding Round

PayPal has made a strategic investment in Happy Returns as part of an $11 million financing round that also included existing investors U.S. Venture Partners and Upfront Ventures. The returns,...