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GNC CEO Steps Down As Troubled Retailer Continues Strategic Review
GNC Holdings has become the latest retailer to fall victim to a CEO change in 2016; Chief Executive Mike Archbold is leaving the company and has resigned from its Board…
News July 28
Oracle Buys NetSuite: Another Massive Retail Acquisition
Seeking to build up its cloud-based offerings, Oracle Corp. has purchased NetSuite for $9.3 billion in a transaction expected to close this year, subject to regulatory and shareholder approval. It’s…
News July 28GS1 US and JICC Digital Couponing Standard To Streamline Settlement
Digital coupons just got safer for customers to use and retailers to accept. GS1 US and the Joint Industry Coupon Committee (JICC) have collaborated to create a standard for paperless…
News July 28Apple Looks To India As Next Frontier For Retail Stores
When Amazon decided to invest in additional $3 billion in India in June, they sent a clear message to every other retailer that the country was a high-priority destination going…
News July 27
Will Macy’s AI-Powered Mobile App Be Friendly Tech — Or The Terminator?
There’s no question IBM’s Watson is smart. After all, it beat the pants off the best-of-the-best Jeopardy contestants. But is it smart enough — and flexible enough — to help…
Features July 27
App Commerce Platform Poq Raises $4 Million, Adds Retail Customers
Poq, an app commerce company, has raised $4 million in financing led by Beringea and additional seed investors Seedcamp and Venrex. The London-based company will use the funding to triple…
News July 27
Grocery Delivery Platform Shipt Scores $20.1 Million To Expand Business
Online grocery marketplace Shipt has secured $20.1 million in funding. The Series A round was led by Greycroft Partners, Harbert Growth Partners and e.ventures. Shipt plans to use the funds…
News July 27Under Armour Set To Open Store At Prime NYC Location And Sell In Kohl’s
Despite a 58% decrease in net income in Q2, Under Armour bolstered its revenues 28% to $1 billion, with the company setting sights on expansion. The athleticwear brand will be…
News July 27Can Retailers Compete With Direct-To-Consumer Brands As IoT Influence Grows?
Procter & Gamble has introduced a Direct-to-Consumer (DTC) subscription service for its Tide brand, giving shoppers the opportunity to get regular deliveries of Tide Pods laundry detergent. The jump into…
Executive Viewpoints July 27
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