News

New life for C. Wonder
New York — C. Wonder, which shuttered all its stores and filed Chapter 11 early this year, is getting a second chance—sort of.

Xcel Brands has entered into a definitive agreement to acquire the C. Wonder brand from Burch Acquisition LLC. The deal gives Xcel the rights to thr C. Wonder trademarks, related designs and other intellectual property rights.

The closing of the acquisition is subject to board approval
Report: Facebook testing digital stores
Menlo Park, Calif. – Facebook is increasing its buy-in for the high-stakes poker game of social commerce.

According to BuzzFeed, Facebook has begun piloting online storefronts located within the pages of a number of retailers.

Are Macy’s Trump troubles just beginning?

Donald Trump contends he doesn’t forget and that could be a bad thing for Macy’s now that polls show the businessman turned politician leading a crowded field of Republican presidential hopefuls and using campaign stops to belittle the department store chain.
Ex-Staples exec named CEO of eBags

The former head merchant for Staples has been named president and CEO of eBags Inc.

The eBags board of directors appointed Mike Edwards as president, CEO and member of the board of directors effective immediately. He also joins the company as a new investor.

Edwards most recently held the position of executive vice president of global merchandising for Staples Inc.
ShopRunner expands brands

San Mateo, Calif. — Online membership shopping service ShopRunner is adding some well-known fashion brands to its mix.

ShopRunner has signed new partnership agreements with Alexis Bittar, Alice + Olivia, Bebe, Joie, Kooba and Lucky Brand.
A new reason for shoppers to head to Mall of America

Mall of America is adding a big experiential retail destination.
Nordstrom does Instagram—on the roof

Seattle — Ever wondered what a 15-story-tall Instagram post would look like? Well, thanks to Nordstrom, the wait is over.
Will Amazon buy start-up rival even before it takes off?

Seattle – Amazon.com may be preparing a pre-emptive strike against a rival e-commerce platform before it even officially takes off.

According to CNBC, Piper Jaffray Internet analyst Gene Munster says Amazon s considering a purchase of Jet.com, a subscription-based e-commerce site that is currently in beta and set to officially launch next week.

Munster said that Jet.com does a good job in gamifying the online shopping process and in selling fast-moving consumer goods, two things Amazon has not historically done well.
It's official: GameStop acquires geeky retailer

Months after trumping Hot Topic with a better offer, GameStop has officially acquired Geeknet for $140 million.
Report: Investor urges splitting off Macy's

Macy's Inc. should split off its real estate holdings into a separate company to maximize shareholder value, Starboard Value hedge fund manager Jeffrey Smith said during an investor presentation, according to several news reports.

According to the Wall Street Journal, Smith said Wednesday it had taken a stake in Macy’s and is pushing the department store chain to spin off some of its real-estate assets.