News

Foothill Ranch, Calif. - The Wet Seal Inc. will begin winding down its Arden B brand. Arden B currently operates 54 mall-based stores and an e-commerce website.

A new digital initiative from Walgreens allows the retailer to engage with shoppers at multiple touchpoints on the path to purchase thanks to a personalized digital coupon and analytics platform from Coupons.com called Retailer iQ.

Coupons.com announced the launch of Retailer iQ with Walgreens as the largest user of the platform with implementations underway with four other unidentified retailers. According to Coupons.com Retailer iQ fundamentally changes the promotions and checkout experience for shoppers and retailers by making them digital, mobile and personalized.

Austin, Texas – Performance marketing solutions provider iProspect has launched "Search-Powered Social, a hosted service that utilizes data captured via paid search through Facebook's Website Custom Audiences offering. This allows marketers to build lookalike audiences on Facebook, which target segments resembling a brand's most loyal consumers.

Charlottesville, Va. – Crutchfield Corp. has adopted the new integrated 360pi-Displaydata solution to realize in-store dynamic pricing. 360pi is working with Displaydata to incorporate Electronic Shelf Labeling (ESL) to give physical stores the ability to employ dynamic pricing.

The new solution is designed to provide retailers with the ability to automate and increase the frequency of in-store price updates without the cost, time, effort and error associated with manual price changes

Top executives within Walmart’s international division have been assigned new responsibilities including a new role for the former head of Asian operations overseeing mergers and acquisitions.

Miramar, Fla. - Elizabeth Arden has reportedly hired Goldman-Sachs Inc. to help contact private equity firms and other possible buyers. According to Bloomberg, Elizabeth Arden is undergoing a sales process but has not made any definitive deals and may not wind up selling itself.

The move to hire Goldman-Sachs comes after reports indicating that South Korean CPG firm LG Household & Health Care Ltd. was considering a takeover bid for the retailer.

Seattle – Amazon.com’s net income soared 32% during the first quarter of fiscal 2014, climbing to $108 million from $82 million the same quarter a year earlier. Net sales increased 23% to $19.74 billion in the first quarter, compared with $16.07 billion in first quarter 2013.

The Wet Seal is winding down its Arden B brand. Arden B currently operates 54 mall-based stores and an e-commerce site. In the fiscal year ended Feb. 1, the brand generated net sales of $60.4 million and represented 11% of consolidated net sales.

“This was a difficult decision that followed a comprehensive review of the business and market dynamics. We would like to thank all of our Arden B team members for their hard work and dedication to the brand, and also extend our gratitude to our loyal customers,” said CEO John D. Goodman.