Multichannel Retail/E-Commerce

MasterCard debuts jeans campaign

Dianna Dilworth June 29, 2009

MasterCard kicks off a two-month multichannel ad campaign on July 1 that calls on consumers to use their MasterCard when purchasing jeans. It is designed to reach people buying jeans and encourage them to use their MasterCard for payment. The marketing program includes TV, print, online, mobile, out-of-home and radio.
 

Design Within Reach seeks NASDAQ delisting

Chantal Todé June 26, 2009

Multichannel home furnishings merchant Design Within Reach Inc. has notified the NASDAQ Stock Market of its intent to voluntarily delist its common stock from NASDAQ. While the company reports that it has not received a formal notice from NASDAQ that it has failed to comply with listing standards, Design Within Reach said in a statement that it has struggled to maintain compliance with NASDAQ's minimum required bid price of $1 per share.
 

JC Penney chief merchandising officer Ken Hicks leaves for Foot Locker

Chantal Todé June 25, 2009

Ken Hicks is leaving his position as president and chief merchandising officer at JC Penney Co. Inc. to become president and CEO at specialty retailer Foot Locker Inc. JC Penney said Hicks, who has held his position there since 2005, will serve his last day on July 6. Myron Ullman, chairman and CEO, will assume Hicks' responsibilities while an executive search is being conducted. Hicks will also resign his position on the JC Penney board of directors.
 

Dress Barn, Tween Brands to merge

Chantal Todé June 25, 2009

Dress Barn Inc. and Tween Brands Inc. have entered into a definitive merger agreement. In the stock-for-stock transaction, a subsidiary of Dress Barn will merge with Tween Brands. Each share of the latter's common stock will be exchanged for 0.47 shares of Dress Barn common stock, representing an equity value of approximately $157 million based on June 24 closing stock prices for both companies. Upon closing of the transaction, Tween Brands stockholders are expected to own approximately 16% of Dress Barn.
 

Digital River introduces platform for clearance merchandise

Chantal Todé June 24, 2009

Digital River Inc. has introduced a new e-commerce platform designed to optimize the online sales of limited-edition and clearance merchandise for manufacturers. "Companies are looking for additional sources of revenue," said Matt Voda, group VP and product manager at Digital River. As a result, the traditional scenario that saw manufacturers liquidating left over inventory through a third-party isn't as appealing as it once was.
 

Pending tax challenges Amazon Associates program in North Carolina

Carol Krol June 23, 2009

Amazon.com has taken a firm stand against pending state-level tax collection legislation. On June 18, the e-commerce giant reached out to North Carolina-based Amazon Associates to warn them that it might have to end relationships with associates located in North Carolina because of pending state-level tax collection legislation.
 

Playboy.com sues e-commerce solutions provider eFashion

Chantal Todé June 23, 2009

Playboy.com Inc. has filed a lawsuit against e-commerce and catalog service provider eFashion Solutions LLC, in the US District Court for the Northern District of Illinois, claiming breach of contract. Playboy claims eFashion's moves will irreparably harm the company and force it to shut down its e-commerce and catalog businesses. These businesses generated nearly $17 million in annual revenue before eFashion took them over and have been reduced to approximately $4 million to $5 million under eFashion's operations, according to Playboy's filing.
 

Jay Berlin appointed CEO of The Sportsman's Guide

Chantal Todé June 22, 2009

Multichannel merchant Redcats USA has appointed Jay Berlin as CEO of catalog and Internet brand The Sportsman's Guide. Berlin previously held marketing management roles with Fingerhut and C.O.M.B. Corp., and was SVP of catalog and e-commerce business lines for Northern Tool & Equipment.
 

Eddie Bauer to reorganize; Spiegel finds a buyer

Chantal Todé June 18, 2009

Retailers Spiegel Brands and Eddie Bauer, which each faced financial difficulties several years ago when they were under the same ownership, are in the news again this week with financial troubles and new suitors. Private equity firm Patriarch Partners LLC has acquired substantially all the operating assets of Spiegel Brands Inc. through a newly formed company called Signature Styles LLC.
 

Appozite launches CheapTweet Stores

Nathan Golia June 18, 2009

Social and e-commerce service provider Appozite has launched CheapTweet Stores, an extension of the company's existing CheapTweet service. DealTaker.com, Overstock.com and VacationRentals.com are partners in the initial launch of the platform, which aggregates Tweets with promotional offers under a company-specific header.
 
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