News

Daniel Castle, former Iconix VP of international and business development, will be joining Saban Brands as the company’s managing director of strategic business development.

Lululemon Athletica Inc.'s first-quarter net income plunged 60%, impacted by a one-time tax adjustment. Although its adjusted profit and revenue beat Wall Street's expectations for the quarter, the retailer lowered its full-year earnings forecast.

Lululemon said that CFO John Currie plans to retire by the end of its fiscal year (February 2015).

Former Walmart president and CEO Mike Duke and company chairman Rob Walton drew large numbers negative votes when they stood for re-election to the retailer’s board at the annual shareholders’ meeting on Friday, June 6.

Dallas — Speed Commerce Inc., a vertically integrated, omni-channel platform of e-commerce services, has launched Sara X, a pre-configured, feature-rich accelerator for Oracle Commerce.

Neiman Marcus may have reported total revenues of $1.16 billion for the third quarter, compared to $1.10 billion in the prior year, and a comparable-store sales increase of 5.9%, but the company’s profits took a hit, as traffic to brick-and-mortar stores decreased compared to last year.

Indianapolis — In a finding that may not surprise some of their elders, Millennials share complaints online two times more than Gen X and three more than Boomers. “The Social Media Behaviors of Millennials, Gen X & Boomers,” the latest study from consultative social media research firm Fizzilogy firm, also explores the social media habits of these three generations.

Key findings include:
Millennials
•    Millennials live-tweet sporting events at more than twice the rate of both Boomers and Gen Xers.

Retail industry veteran Tom Dowdy has joined Mobee as SVP of business development to drive growth following recent enhancements to the mobile crowdsourcing and retail intelligence platform.

Dowdy is a seasoned CPG sales and marketing executive who joins Mobee from Gigwalk where he served as general manager of retail and brands. Dowdy is well known in the retail industry for founding National In-Store in 1994 and serving as CEO until the firm was sold to Omnicom in 2007.

Seattle — Amazon.com has debuted a new feature for members of its Prime paid benefits program called Prime Music. The service provides ad-free access to more than one million songs and hundreds of expert-programmed Prime Playlists.