News

Sidney, Neb. -- Cabela’s Inc. has renewed a variable funding facility with Royal Bank of Canada for an additional three years and the commitment under the variable funding facility has increased from $350 million to $500 million. The variable funding facility relates to an outstanding series of variable funding notes issued by Cabela’s Credit Card Master Note Trust.

Minneapolis - Kevin Davidson has joined merchandising intelligence solutions provider Quantum Retail Technology Inc. as its CFO. Davidson brings more than 20 years of financial management and corporate development experience to Quantum and will report to CEO Steve Buege.

Davidson joins Quantum after serving as CEO of Critical Perfusion from 2012 to 2014. Previously he held C-level positions with BioDrain Medical Inc., OrthoRehab Inc., and was a managing director at Arthur Andersen LLP.

Juliet Johansson, a former executive with a dental implant manufacturer, is Office Depot’s new EVP and chief strategy officer.

Leading global cooler manufacturer Igloo was acquired by Washington, D.C.-based private equity firm ACON Investments from Connecticut-based private equity firm J.H. Whitney.

ACON said J.H. Whitney will continue to maintain a small, but undisclosed, stake in the company. Igloo will continue to be led by chairman and CEO Gary Kiedaisch and other members of the existing management team who are also purchasing significant interests in Igloo in connection with the transaction. The company will focus on continued growth in the outdoors, housewares and sporting goods markets.

Animal lovers have a new ally in Overstock.com thanks to a new service that leverages the online retailer’s digital capabilities to find homes for unwanted animals.

The company’s new pet adoption service allows users to access real-time updates of adoptable animals in thousands of shelters nationwide. Searches can be conducted by types and breeds of animal and filtered by attributes such as gender, age, color and disposition in much that same manner as Overstock.com’s customers search for products.

Global business advisory firm AlixPartners has been hired by Men’s Wearhouse to aid in the integration of its recent acquisition of Jos. A. Bank Clothiers.

Toy maker Jakks Pacific secured a $75 million credit facility from GE Capital.

The nine year old company based in Malibu, Calif., plans to use proceeds for working capital, capital expenditures and general corporate purposes as needed.

It looks like one year of free credit monitoring has become the new industry standard for retailers looking to placate customers potentially affected by a data breach.

Sally Beauty is the latest retailer to offer free credit monitoring and identity theft protection following reports in early March that the company detected an unauthorized intrusion into its data network.

The retail and shopper marketing firm Integer Group, an Omnicom company, made three key hires to bolster its efforts in the omnichannel world.

Integer said it filled three positions within its Retail Arts Lab which it described as a physical and virtual space where the retail environment is being transformed by intersecting shopper behavior and emerging technologies.

Jeffrey Gennette will take on the new role of president at Macy's after serving the past five years as the department store retailer’s chief merchandising officer.

Gennette will report to Macy’s chairman and CEO Terry Lundgren and retain day-to-day responsibility for Macy's merchandising functions, as well as oversight of marketing and macys.com. In addition, he assumes oversight responsibility for Macy's private brands organization.