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eCommerce

  • Everybody loves Ollie’s, offer size increased

    Demand for shares of Ollie’s Bargain Outlet is such that the retailer has increased the size of a secondary offering.

  • Executive shake-ups, lay-offs at Bebe

    Bebe stores has brought back its founder and former CEO to lead a turnaround effort that includes a 15% reduction in its corporate workforce.

    The troubled retailer announced that founder Manny Mashouf has rejoined its management team as CEO, replacing Jim Wiggett, who was hired less than two years ago. Mashouf previously served as CEO from the company’s founding in 1976 to 2004, and then again from 2009 until the beginning of 2013, when he stepped down and became non-executive chairman.

  • Apparel supplier expanding retail footprint again

    The combination of 80 new stores and a 20% increase in e-commerce is expected to drive double digit growth of VF corp.’s business in 2016.

  • Ollie’s offer size increased

    Demand for shares of Ollie’s Bargain Outlet is such that the retailer has increased the size of a secondary offering.

  • Popular New York grocery chain on brink of default

    The losses are mounting at one of New York City’s most beloved supermarket chains, the 80-year-old Fairway Market, as it battles increased competition from the likes of Trader Joe’s and Whole Foods Market. Fairway Group Holdings Corp., is on the cusp of default, and the next step could be bankruptcy court, Crain’s New York reported. The company warned investors in a regulatory filing on Feb. 5 that it could breach its loan agreements.

  • Study: How often is mobile used in-store?

    The image of shoppers hunched over their mobile devices while they browse store shelves may be less common than retailers imagine.

    According to a new survey of 9,142 online consumers in the U.S. and Canada conducted by Bizrate Insights, a division of Connexity Inc., three-quarters (73%) of online buyers use mobile devices to shop online. However, only one in five (21%) use mobile devices to assist their in-store shopping experience. Mobile devices include both smartphones and tablets.

  • Foot Locker names new leaders

    Foot Locker named new CEOs to lead the athletic retailer’s North America and International divisions.

    President and CEO Richard Johnson announced the promotion of Stephen D. (Jake) Jacobs to the position of executive vice president and CEO of North America and Lewis P. Kimble to the position of executive VP and CEO of International, effective Feb. 29.

  • Former Staples exec named VP at Wayfair.com

    Wayfair has named an e-commerce veteran from Staples to oversee supply chain and operations at the growing online retailer.

    Wayfair announced that Sharif Sleiman has joined the company as vice president of supply chain and operations.  

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