eCommerce

The At Home chain of home décor superstores continues to acquire senior leadership talent with public company experience which suggest a public stock offering could be in the company’s future.

The most recent addition involves the appointment of former PetSmart CEO and Chairman Phil Francis. who has selected as an independent member of the At Home board of directors.

ChannelAdvisor Corp. has promoted its current chief operating officer to CEO.

The provider of cloud-based e-commerce solutions announced that its board of directors has appointed David Spitz as CEO and a director. Spitz, who currently serves as president and COO, succeeds Scot Wingo, who has been appointed executive chairman.

Bentonville, Ark. – Wal-Mart Stores Inc. is shuffling a number of key executives and also tinkering with its organizational structure. Veteran Wal-Mart operator Mike Moore, who currently serves as executive VP of the 613-unit Neighborhood Market division, will transition to a new executive VP role with oversight of Wal-Mart’s much larger 3,421-unit supercenter operation in the U.S.

Assuming Moore’s previous position is Wal-Mart West executive VP Julie Murphy.

Hoboken, N.J. – Amazon.com may be hoping to fly high with drone-based deliveries, but a rival e-commerce platform is also planning to take off soon. Jet.com, a subscription-based e-commerce site that hopes to compete with the Amazon Prime membership service using “profit-free” pricing, promises to launch soon.

New York – Specialty eyewear Warby Parker has reportedly received $100 million in financing the company plans to use to build new brick-and-mortar stores. According to the Wall Street Journal, the round of financing, led by T. Rowe Price, values Warby Parker at $1.2 billion.

San Jose, Calif. – eBay Inc. shareholders have reportedly voted themselves a measure of power to nominate directors on the company’s board. According to the Wall Street Journal, 59% of shares voting at the meeting approved allowing investors who hold at least 3% of eBay’s shares for three years to nominate up to 25% of the company’s directors.

Frank & Oak, the online membership-based menswear retailer,  is also  expanding in the physical space, with both permanent locations and pop-ups. The company's Toronto flagship  features the brand’s monthly menswear collections and special capsule collections. The spacious, contemporary space reflects the brand’s lifestyle approach to retailing with a café and full-service barbershop.

Woonsocket, R.I. - CVS Health showed vitality in the first quarter of fiscal 2015. The retailer beat expectations in areas such as earnings per share (EPS) and pharmacy benefit management (PBM) operating profit.
 

Secaucus, N.J. – Three days after an activist investor group filed a presentation with the Securities and Exchange Commission (SEC) urging the election of new board members and claiming poor performance, The Children's Place Inc. has its own investor presentation with the SEC.

The presentation endorses the re-election of three board candidates at the May 22 annual meeting: Norman Matthews (chairman of the board), Kenneth Reiss (chair of the audit committee) and Stanley W. Reynolds (member of the audit committee).

Staples and Office Depot are celebrating National Teacher Appreciation Week with big savings for educators.