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Vintage Capital Buys Struggling Rent-A-Center For $1.36 Billion
Rent-A-Center will be acquired by Vintage Capital for approximately $1.36 billion in a deal that values the company’s stock at $15 per share. Vintage will take the retailer private after…
News June 18H&M Launches Afound, A Discount Omnichannel Retailer
Afound, an omnichannel discount fashion retailer own by H&M Group, will feature both external brands and H&M’s own labels, including COS, & Other Stories, Weekday and Cheap Monday. The retailer…
News June 18$550 Million Google Investment Opens U.S. Sales Channel For JD.com
Google will invest $550 million in cash in Chinese e-Commerce giant JD.com. By combining JD.com’s supply chain and logistics with Google’s technology, the two companies will collaborate to develop retail…
News June 18PCI Compliance: 4 Tips For Retailers Who Run Mainframes
By Ray Overby, Key Resources Chances are, as a retailer, you rely on the mainframe to power your business. As many as 23 of the world’s top 25 retailers use…
Executive Viewpoints June 18
47% Of Gen Zers Use Smartphones While Shopping In Stores
Gen Z, the generation born between 1997 and 2015, has never known life before the World Wide Web. Yet across the globe, 98% make purchases in a physical store some…
Features June 18
Transparency And Traceability — A Clear Retail Imperative
Consumers’ growing concerns around overall health, wellness and ethically-sound production are helping to influence a radical shift in the retail industry — leading to the proliferation of transparent, sustainably conscious…
Executive Viewpoints June 18
Microsoft Enters Cashier-Less Tech Race: Will Checkout Lanes Become Relics?
The news that technology powerhouse Microsoft is working on cashier-less technology that could help retailers compete with Amazon Go signals a major advance in this area. Still, questions remain about…
Features June 15
Kustomer Secures $26 Million In Series B Funding
Kustomer, a customer experience, service and support platform, has raised $26 million in Series B funding, bringing the total round to $38.5 million. The new capital will fund the company’s…
News June 15
Macy’s Appoints Home Depot Tech VP As CTO
Macy’s will appoint Naveen Krishna as its next Chief Technology Officer, effective June 16, 2018. As CTO, Krishna will be responsible for driving the technology strategy and direction for the…
News June 15
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