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eCommerce

  • PetSmart names former Collective Brands chief as CEO as David Lenhardt steps down

    Phoenix – PetSmart on Wednesday named industry veteran Michael J. Massey as its president and CEO, effective immediately. Massey, who most recently served as CEO and president of Collective Brands Inc., replaces David Lenhardt, who stepped down upon the closing of private equity firm BC Partners’s acquisition of the pet supplies retailer.  Also, BC Partners managing partner Raymond Svider has been appointed non-executive chairman.

  • Sears Canada leases back three stores

    Toronto - Sears Canada Inc. has entered into a definitive agreement with Concord Pacific Group of Companies to sell and lease back three of its properties for $140 million. The after-tax proceeds, including adjustments, will be approximately $130 million.  

    The locations include store space and adjacent property located at the Metropolis at Metrotown in Burnaby, British Columbia, Cottonwood Mall in Chilliwack, British Columbia and North Hill Shopping Centre in Calgary, Alberta. The transaction is scheduled to close on or about June 8, 2015.

  • Sephora aims to drive digital growth with CashStar

    Sephora is looking to drive faster digital growth by leveraging a cloud-based prepaid commerce program.

    The company is working with CashStar to improve and differentiate its seamless omnichannel commerce strategy.

  • Urban Outfitters Q4 profit falls but beats Street

    Philadelphia – Net income fell at Urban Outfitters Inc. during the fourth quarter of fiscal 2014, but still beat Wall Street expectations.

    Urban Outfitters reported net income of $80.3 million, down 9% from $88.68 million the same quarter a year earlier.  Lower initial merchandise markups, increased markdowns and higher selling, general and administrative (SG&A) expenses all contributed to the decline.

  • Kohl’s is tops for shopping for clothes in Piper Jaffray survey

    Boston – Kohl’s will be pleased to hear that women love shopping for clothes there. According to a new survey from Piper Jaffray, a leading 12% of female consumers selected Kohl’s as their preferred clothing brand/store/website for spring 2015. Macy’s took second place with 9%, followed by J.C. Penney and Wal-Mart (7%) and Amazon (5%).

    Kohl’s has taken the top spot in Piper Jaffray’s biannual survey since fall 2013.

  • Old Navy promotes spring fashions to Millennials via Tumblr, Yahoo

    New York -- Old Navy is promoting its spring fashions with a new marketing campaign running across Tumblr and Yahoo.  Designed to engage Millennial women, the campaign will use Old Navy’s Tumblr page as the content hub and combine native, video and display advertising across Yahoo properties and its extended network.

  • Deliv snags former eBay product chief

    Deliv, the crowdsourced, same-day delivery service used by many omnichannel retailers, has hired an ex-executive at eBay to be its new product chief.

    Kenneth Pate, former VP of product management at eBay, will bring a decade of experience in omnichannel execution to the startup. The company says Pate will be responsible for the Deliv experience across the same-day delivery service value chain, which includes retailers, shoppers, drivers and mall operators.

  • E-commerce propels profits for Neiman Marcus

    Neiman Marcus got a boost in the second quarter from its October purchase of mytheresa.com, a German luxury e-retailer.

    For the 13 weeks ended Jan. 31, the company reported a profit of $27.8 million, compared with a year-earlier loss of $84 million. Revenue grew to $1.52 billion from $1.43 billion in the prior-year period. Sales at stores open more than a year and online rose 5.6%.

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