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  • ID.me gamifies shopping by matching retailers with shoppers

    Digital identity solution provider ID.me has unveiled its new retail rewards marketplace, which helps retail brands hyper-target valuable influencers and consumer segments with exclusive offers that are protected from fraud.

  • Chicago’s Loop lands hybris JV

    With a name like Loop Integration it was only logical that Amaze and contiigo would choose Chicago as the location for their new joint venture focused on users of SAP’s hybris e-commerce solution.

  • Report: Sears needs $4 billion to avoid 2016 collapse

    Hoffman Estates, Ill. – A $400 million loan Eddie Lampert, the CEO and largest shareholder of Sears Holdings Corp., is making to Sears this month reportedly is only enough to last the struggling retailer for three months. According to Bloomberg, global ratings agency Fitch Ratings is projecting that Sears will need $4 billion in capital to avoid running out of cash altogether in 2016.

  • New CEO for Clorox

    The Clorox Company’s board of directors has promoted Benno Dorer to CEO, effective Nov. 20. At that time, Donald R. Knauss will continue serving on the board in a newly created executive chairman role.

    Knauss has served as chairman and CEO of the company since October 2006. Since January 2013, Dorer, 50, has served as EVP and chief operating officer, cleaning, international and corporate strategy.

  • Albertsons and Safeway ready to roll

    The merger between Albertsons and Safeway is expected to close in a few months and when it does the combined company already has a new senior leadership and field operations structure in place.

    The companies late Friday announced key leadership positions it said drew on strong talent within both organizations to build an innovative, customer-focused and growth-driven company.

  • C-store in a box looks to expand

    Shop24 gives new meaning to the phrase “small format” and recently named a new vp of marketing and business development to help grow its footprint.

  • Sweden’s Klarna expands into U.S. payments market; names management team

    Stockholm -- The U.S. payments market is getting a new player: Klarna, a Swedish e-commerce company focused on simplifying buying, plans to expand to the U.S. market in early 2015. The nine-year old company has an impressive track record in Europe that includes more than 25 million users and 45,000 retailers including Asos, Spotify and Zara.

  • Rite Aid Q2 beats Street; cuts outlook on lower reimbursements, generics

    Camp Hill, Pa. -- Rite Aid Corp. on Thursday reported better-than-expected profit and sales for the second quarter. But the chain cut its full-year profit outlook, citing lower reimbursement rates and anticipated lower profitability from new generics and generic drugs that recently lost exclusivity.

    Rite Aid’s second-quarter profit surged to $129.2 million, up from $32.8 million in the year-earlier period,

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