/PRNewswire/ -- BuildDirect.com, North America's largest online destination for heavy weight building materials such as flooring and decking, announced Gail Galea joined the senior management team as chief merchandising officer. Galea, previously Walmart Canada's senior vice-president of merchandising - strategic initiatives, brings a wealth of experience in global sourcing, multi-category product development and market positioning. Sponsored by: BuildDirect, which has tripled its team in the last six months, has tasked Galea with adding new product lines, expanding a strong supplier network and refining the company's worldwide sales strategy. "BuildDirect completely revolutionized the building supplies industry by leveraging incredibly powerful
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Golfsmith International Becomes Largest Golf Retailer in the World The combination, announced on May 14, was brought together by OMERS Private Equity and joins two companies that have been serving golfers in North America for more than four decades. Golfsmith was founded in 1967 as a golf catalog business and started developing retail locations outside of Austin, Texas in the 1990s. Golf Town, founded in 1999, quickly set the standard for specialty golf retail in Canada. "We look forward to working with a very strong management team to serve both brands' loyal customers. We believe there is excellent potential
New York -- Private equity firm Clayton, Dubilier & Rice said Monday it has exited its investment in Sally Beauty Holdings with $1.9 billion in proceeds. CD&R sold all of its 86 million Sally common shares at an average price of $22.68. In 2006, CD&R invested $571 million to acquire 47.5% of Sally Beauty Holdings, from The Alberto-Culver Co. in a leveraged spin-off transaction. All remaining shares were spun off to then-current Alberto-Culver shareholders.
J.C. Penney said Monday it's raised $248 million and taken its first step toward shedding noncore assets by selling off part of its stake in a Simon Property Group unit. Following the transaction, the real estate unit for Penney — JCP Realty — will hold about 205,000 limited partnership units in Simon’s operating partnership. Also on Monday, J.C. Penney CEO Ron Johnson unveiled a trio of in-store shops, slated to open at 683 J.C. Penney stores across the United States starting on Aug. 1. The three in-store concepts all feature denim offerings.
New York -- Barneys New York said Tuesday it has promoted Daniella Vitale to the newly created position of COO. Vitale, since December 2010, has served as the retailer’s chief merchant and executive VP of women’s merchandising and Barneys.com. With her promotion, Vitale will direct store operations as well as women’s merchandising and barneys.com as chief merchant of the retailer. Prior to Barneys, Vitale was president of Gucci America.
Revenue for Apple's retail stores was US$4.1 billion for the June fiscal quarter, an increase of 17% year-over-year from the same period in 2011. The stores sold 791,000 Macs. Almost half of those, according to Apple Chief Financial Officer Peter Oppenheimer, was -- let's say it together -- were to new Mac customers. Apple opened nine new stores during the quarter. There are now 373 stores -- 123 of those are outside the U.S. Oppenheimer says the average revenue per store was $11.1 million. There were 83 million visitors to the Apple retail stores during the June quarter, compared
Etsy CEO Chad Dickerson spoke before the Senate Steering and Outreach Committee last week in a forum on successful businesses in the United States. Amazon.com announced the Amazon Career Choice Program, an innovative new program designed to expand the choices available to its employees in their future careers, whether at Amazon or in another industry. This and more from around the web in today's ecommerce news roundup! eBay "Like what you see on TV? Buy it now," CNN, 7/20/12 CNN talks to eBay's Steve Yankovich about new technology allows TV viewers to buy what they see on TV -
Sears is proud to announce the upcoming launch of Metaphor, their latest ready-to-wear fashion line targeted towards young, fashion conscious women with an emphasis on career. The apparel collection, which is scheduled to hit stores in August, will include jackets, trousers, shirts and dresses at price points reasonable to every fashionista. The line will be complemented by fashion footwear and jewelry. The launch is designed to appeal to a new generation of women who are aware of the latest fashion trends but remain budget conscious. "We have worked to make Sears a destination for women by expanding our portfolio
The American private equity group TPG Capital has made a $715 million takeover offer for Billabong International, the Australian surfwear company announced Tuesday. It's the second time this year that TPG of Texas has tried to buy Billabong. The surfwear company said TPG International, a unit of TPG Capital, was offering 694.6 million Australian dollars in cash for all of its outstanding shares.
Unless you've been living under a rock lately, you know that showrooming is one of the hottest topics in retailing. Consumers are increasingly using their smartphones to shop online for better deals while standing in store aisles. Macy's just announced an innovative approach of using its audio system speakers to market to consumers already standing in-store. What makes Macy's approach so interesting is the speed and affordability of instantly implementing mobile marketing across hundreds of stores.
