3 days ago WWD: Saks.com Cutting 100 Jobs, 5% of Total Workforce Saks.com is planning to let at least 100 employees go, approximately 5% of the ecommerce retailer’s 2,000-person workforce, according to WWD and…
1 week ago NRF 2023: Saks OFF 5TH CEO Foresees Smooth Sailing for Off-Price Despite ‘Choppy’ Economic Waters The mood on the street these days could generally be described as gloomy. But as other retailers brace for the impact of…
5 months ago CommerceHub to Buy ChannelAdvisor in $635 Million Deal CommerceHub has agreed to purchase the 27.5 million outstanding shares of ChannelAdvisor in a cash deal for $23.10 per share, or approximately…
7 months ago Macy’s vs. HBC: Two Different Takes on the Ecommerce Spinoff Shareholder activists are nothing new — some sources credit Warren Buffet’s mentor Jeff Gramm as the first activist investor, nearly 95 years…
1 year ago Latest Funding Round Puts $140M into commercetools’ Coffers Headless commerce solution provider commercetools has secured $140 million in its latest funding round, which was led by global tech investor Accel…
2 years ago HBC Splits Saks OFF 5TH Into Online and In-Store Businesses — a Path Other Brands May Follow HBC will spin off the ecommerce operations of Saks OFF 5TH into its own independent entity through a partnership with Insight Partners….