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  • Former J. Crew exec new EVP, CMO at Cache

    NEW YORK — Former J. Crew executive Arnold P. Cohen has been named EVP and CMO at Cache, a specialty chain of women’s apparel stores.

     

  • Crystal Light dives into e-commerce waters

    GLENVIEW, Ill. — Crystal Light, a leading beverage mix brand, is launching an e-commerce platform, Shop.CrystalLight.com. 

     

    "For years we have heard from some of our most loyal fans that they want easier access to the flavors they love, especially Crystal Light Pure," said Adam Butler, senior brand manager for Crystal Light. "This new e-commerce platform enables us to make a wide variety of unique flavors and varieties readily available to fans anywhere in the country."

     

  • Former Tommy Hilfiger exec named SVP, retail at Columbia

    PORTLAND, Ore. — Columbia Sportswear Company has appointed Shawn Cox as SVP of retail, a newly created position that will report directly to president and CEO Tim Boyle.

     

    In his new role, Cox, 49, will be responsible for leading the company’s brick-and-mortar retail and e-commerce operations in the U.S., Europe and Canada.

     

    Cox has 24 years of experience developing, managing and improving profitability of branded retail networks with operations in the U.S., Europe, South America, Middle East and Asia.

  • GNC Holdings profit rises in Q1

    Pittsburgh -- GNC Holdings reported Friday that net income for the quarter ended March 31 rose 12.5% to $72.6 million, compared with $64.5 million in the year-ago period.

    Revenue increased 6.5% to $664.7 million, from $624.3 million last year. Same-store sales advanced 1.9% in domestic company-owned stores (including online sales).

     

  • George Soros takes 7.9% stake in J.C. Penney

    New York -- Giving a much-needed boost to J.C. Penney Co., George Soros’ Soros Fund Management bought 17.4 million shares of the troubled retailer, according to a filing with the Securities and Exchange Commission.  

    The stake, which was seen as a vote of confidence in returning CEO Mike Ullman, makes the billionaire investor the fourth-largest Penney shareholder, with a 7.9% stake.

     

  • Online sales tax bill moves forward in Senate

    New York -- The U.S. Senate on Thursday voted to move forward with the Marketplace Fairness Act, legislation that would allow states to force retailers to collect online sales taxes, if the states choose to do so.  

  • Walmart looks to resolve Canada’s raccoon problem

    MISSISSAUGA, Ontario – Walmart Canada is looking to resolve Canada’s raccoon problem by carrying Great Value Mint-X raccoon repellent garbage bags. 

     

  • Annie's names organic food exec new SVP, strategy

    BERKELEY, Calif. — Annie's, a leading natural and organic food company, has appointed Ed Aaron to the newly created position of SVP of strategic planning and investor relations.

     

  • IBM: 20% online growth in Q1

    Armond, N.Y. -- First quarter online shopping in 2013 grew more than 20% over the same period last year, and more than five times in-store sales growth, helping drive up department store and home goods purchases, according to the IBM Online Retail Index.  
     
    The IBM Index comes on the heels of the U.S. Department of Commerce’s Census Bureau report which announced in-store sales for the January through March 2013 period were up 3.7%.

    The IBM Online Retail Index also found:

  • Douglas Development acquired mixed-use building

    Washington, D.C. -- Douglas Development announced that it has purchased a new mixed-use property in Chinatown DC. The 10,000-sq.-ft. building includes three levels of office space and 4,000 sq. ft. of street-level retail.
         
    Douglas Development acquired the property from Washington, D.C.-based law firm Wingfield & Ginsburg, which has since leased back all of the office space from Douglas Development.
          

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