eCommerce

Boston – Online specialty retailer Karmaloop Inc. has named Seth Haber as CEO. Haber is the former co-owner and director of Agenda Trade Shows.

Haber's appointment follows the recent acquisition of Karmaloop by Comvest Partners and CapX Partners, which includes all of Karmaloop's businesses; Karmaloop.com, PLNDR, Kazbah and Karmaloop Europe. Comvest and CapX will acquire Karmaloop as part of the company's voluntary Chapter 11 bankruptcy case. The sale is expected to close in early June.
 

Seattle – Amazon.com is hiring for more than 6,000 full-time jobs across its U.S. fulfillment network to meet growing customer demand. Employees will pick, pack and ship customer orders.

New York -- The Kate Spade New York brand has entered into a partnership with True Fit, a fit personalization service, to provide personalized fit and size recommendations for the brand’s apparel and footwear on Katespade.com.

The site will also feature True Fit’s new shoe user experience that delivers accurate fit ratings and size recommendations to consumers while also communicating the nuance of each shoe style.

Columbus, Ohio – DSW Inc. beat Wall Street expectations with first quarter profits that were aided by a reduction in clearance-priced merchandise. Net income in the first quarter of fiscal 2015 rose 22% to $47.37 million, from $38.64 million a year earlier.

Net sales grew 9% to $655.49 from $598.95 million. Same-store sales improved 5.1%.

London -- The most valuable retail brand in the world lacks physical stores. At least that’s according to the tenth annual BrandZTM Top 100 Most Valuable Global Brands ranking, released by WPP and Millward Brown. Chinese online giant Alibaba took the top spot of the retail, with a brand value of $66.4 billion, overtaking Amazon, at $62.3 billion.

Fairfax, Va. -- Geeknet Inc., which announced a deal on Tuesday to be acquired by teen retailer Hot Topic, said Wednesday it had received a new and higher offer. The company said it would review the new offer.

Geeknet, parent company of online retailers ThinkGeek and ThinkGeek Solutions, said it received an offer from a "strategic buyer" that valued it at $20 per share in cash, or approximately $134.6 million.

Zaandam, Netherlands – Global grocery conglomerate Ahold N.V. had a successful first quarter of fiscal 2015, reporting growth in overall net income and in U.S. market share. Net income more than quadrupled to $230.74 million from $54.16 million, aided by the elimination of discontinued operations from the same period a year earlier.

Los Angeles - Forever 21 Inc.’s social strategy has always been to mix compelling and creative branding with the ability to directly purchase items. Working with Philadelphia-based visual social media marketing company Curalate, the fast-fashion retailer has taken that strategy to new heights by allowing customers to buy goods from its Instagram page.

“Curalate helped us turn what was a purely branding tool into a revenue driver,” said Mario Moreno, global social media manager marketing, Forever 21, Los Angeles.