Mergers & Acquisitions

Walldorf, Germany -- SAP AG and Hybris announced that SAP has completed the acquisition of Hybris, a leader in commerce technology. The two companies said they plan to combine the omni-channel commerce solutions of Hybris with robust enterprise technology and in-memory, cloud and mobile innovations from SAP to help facilitate new levels of customer insight and engagement.

CHICAGO, Ill. — Echo Global Logistics, a leading provider of technology-enabled transportation and supply chain management services, has promoted Nick Hannigan to the role of VP, corporate development. 

In his new role, Hannigan will work closely with the executive team to develop and execute strategic acquisitions and partnerships as Echo continues to execute its growth strategy. During his six-year tenure with the company, he has held a variety of operating and management positions. 

Less than a year after Walmart International named Lev Khasis to the role of president and CEO of new formats, the former Russian retail executive is heading back to his homeland to lead a financial institution.

CARLISLE, Pa. — Ahold USA has appointed Nick Bertram as its senior VP store strategy and execution, the supermarket operator said Thursday.

Bertram previoulsy worked for Jewel-Osco, where he oversaw operations across Illinois, Indiana and Iowa. He was also senior VP of Supervalu and worked in executive positions at Walmart in Kentucky, Indiana, Ohio and Pennsylvania. His new position at Ahold USA will be based out of the company's Carlisle, Pa., headquarters.

GRAND RAPIDS, Mich. — Higher sales in the retail and distribution segments had a favorable impact on Spartan Stores’ consolidated net sales for the first quarter ended June 22, which increased 1.4% to $612.4 million compared to $603.9 million last. 

HH Gregg saw a significant improvement in its financial results for the three-month period ended June 30. Despite a net loss of $1.3 million, or $0.04 per diluted share, the specialty retailer narrowed the gap from a net loss of $5.7 million, or $0.16 per diluted share, for the comparable prior-year period. 

The decrease in net loss for the three month period ended June 30, 2013 was due, in part, to a comparable-store sales increase of 0.8%, offset by a decrease in gross profit as a percentage of net sales.

NEW YORK, N.Y. — eBay Enterprise has partnered with OrderGroove so it can integrate its commerce technology with the subscription commerce solutions provider’s retail platform and offer subscription programs to its vast network of omnichannel retail clients. 

New York -- American Apparel has purchased the independent New York specialty retailer and wholesaler, Oak, according to Women’s Wear Daily.  

Oak has two stores (one in Brooklyn, and the other in Manhattan) an e-commerce site and a wholesale business. The brand has a cool, hip vibe, and features contemporary fashions at upmarket prices. It will operate as a separate division within American Apparel, and its founders will remain on board, the report said.