News

Michael Manos has joined payments security provider First Data as chief technology officer after holding a similar role at AOL.

In his new role, Manos will be responsible for First Data's global technology infrastructure and reports to company president Guy Chiarello.

The Bear Creek Country Kitchens brand is now part of the B&G Foods portfolio of brands following B&G’s acquisition of the dry soup line and other brands from Specialty Brands of America.

The Bear Creek brand of hearty dry soups is the largest brand in the Specialty Brands of America portfolio which also includes Spring Tree, Cary’s and MacDonald’s brand pure maple syrups, New York Flatbreads and Canoleo margarine.

Former Office Depot executive Monica Luechtefeld has joined the board of e-commerce solutions provider PFSweb.

Luechetfeld spent 20 years at Office Depot serving in a variety of leadership roles in the areas of e-commerce, supply chain, information technology, marketing and business development. She left Office Depot in 2012 after holding senior roles such as EVP of European e-commerce, EVP of e-commerce and digital marketing and founded her own consulting firm. Luechetfeld was also a founding member of the National Retail Federation’s Shop.org organization.

New York -- Xcel Brands announced that it has acquired fine jewelry and watch brand Judith Ripka for approximately $22.5 million.

Xcel currently owns Isaac Mizrahi New York and has an interest in the Liz Claiborne New York brand.

Hickory, N.C. --Third-party logistics (3PL) provider Transportation Insight is introducing a line of end-to-end e-commerce solutions. As a full-service 3PL providing domestic transportation, international logistics and warehousing services, Transportation Insight collaborates with e-commerce clients' existing transportation departments.  

The strategic partnership uses the best of the shipper's historic practices and advanced third-party logistics processes to achieve cost reductions, improve supply chain visibility and enhance customer service.

Third party logistics provider XPO Logistics completed its acquisition of Pacer International making it the largest provider of cross-border intermodal services with Mexico.

Toronto -- Hudson’s Bay Company’s net profit for the fourth quarter fell to $29.1 million from $86.8 million in the year ago period, amid higher expenses.

The company’s sales for the quarter, ended Feb.1, rose 74% to $2.41 billion, largely driven by the inclusion of Saks, which it acquired in November 2013. Same-store sales rose 6.6%, with an increase of 5.2% at its namesake stores, a 3.1% increase at Saks, and a decline of 1.3% at Lord & Taylor.

Barnes & Noble named Tulane University president Scott Cowen to its board a after a major shareholder disclosed it was dumping 90% of its stake in the company and relinquishing a seat on the board of directors.

Cowen serves as president of Tulane University in New Orleans and also holds the titles of Seymour S. Goodman Memorial Professor of Business in Tulane’s A.B. Freeman School of Business and Professor of Economics in the School of Liberal Arts.