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eCommerce

  • Phillips Edison buys Jacksonville Center for $25 million

    Phillips Edison has acquired the Harbour Village Shopping Center in Jacksonville for an estimated $24.9 million, according to the Jacksonville Business Journal.   The center was sold by a joint venture of MMG Equity Partners and Global Fund Investments, which purchased it in a foreclosure sale for $12.6 million in 2011. At that time, Harbour Village was 86% occupied.  

  • Apparel retailer searching for a new CEO

    As it turns out, high-fashion and Lands’ End weren’t perfect together.      Less than two years after she took the reins of Lands’ End, Federica Marchionni has stepped down as CEO. Two current Lands’ End executives—James Gooch, executive VP, COO and CFO, and Joseph Boitano, executive VP and chief merchandising and design officer—were named as interim co-CEOs, effective September 26, while the company searches for a permanent replacement.  

  • Survey: Election outcome unlikely to affect holiday spending

    Americans will open their purses for holiday shopping regardless of whether Hillary Clinton or Donald Trump wins the election.      A survey of American voters by RetailNext found the vast majority will not let the outcome of election 2016 affect their planned spending this coming holiday season.   

  • Amazon working on new delivery technology?

    Amazon is always exploring new and more efficient ways to get its goods to customers.   In what could be its latest move, the Internet giant might be working with a company developing technology that would allow delivery people temporary access when they’re making deliveries, according to a report by techcrunch.com.   For more, click here.   

  • New top dog at Petco

    Petco is losing its longtime chairman and CEO.   Jim Myers, a 26-year company veteran and CEO since 2004, is retiring. Petco pesident and chief merchant Brad Weston, who joined the company in 2011, will succeed Myers as CEO, effective February 1, 2017.   Prior to joining Petco, Weston held senior leadership roles at Dick's Sporting Goods, May Merchandising Company and Robinsons-May.  

  • Online sales to hit major milestone this holiday season

    According to eMarketer’s holiday sales preview forecast, ecommerce will surpass 10% of total U.S. holiday retail sales for the first time this year.    Total retail sales will increase 3.3% over the same period last year, to $884.50 billion, according to the report.   Holiday retail ecommerce sales will jump to $94.71 billion, representing 10.7% of total holiday retail sales.  

  • Canadian apparel retailer looks to expand with IPO

    Aritzia Inc. is expected to raise C$400 million ($302 million) in its initial public offering.   The company, based in Vancouver, sells fashion-forward clothes and accessories for young women. It has 75 stores in North America, including locations in New York, New Jersey, Toronto, Montreal, Boston, and Chicago, along with an online business.  

  • Online grocery competition to heat up

    One of the country’s oldest online grocers just secured a major cash infusion to help it expand its services.   FreshDirect has received a $189 million investment, led by JPMorgan Asset Management, that will be used to launch its grocery delivery service in more cities, to expand new business units and incubate others, reported RECode.   
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