Retail

Bon-Ton Chooses Motulsky for Board

Daniel Motulsky

YORK, Pa.-Daniel Motulsky, a former executive with consulting firm Lazard, has been elected to The Bon-Ton Stores’ board of directors. Motulsky was managing director and global head of Consumer & Retail at Lazard from 2000 until June of this year, having joined the firm in 1998. Prior to that, he was a partner of TannerMore »

Consumer Confidence Increases in July

Conference Board

NEW YORK-Following a three-point gain in June, the consumer confidence index moved up a further 4.5 points this month, to 90.9, according to The Conference Board, which provides the monthly indicator. The index is now at its highest level since October 2007, and July marked the third straight month with a gain for the index.More »

Anna’s Linens Gains $80 Million in Financing from Capital Firms

Anna’s Linens

BOSTON-Salus Capital Partners and Downtown Capital Partners, two providers of asset-based financing, have agreed to provide $80 million in financing to Anna’s Linens. The financing will come by way of a senior-secured credit facility, which is expected to be used by Anna’s Linens to refinance the debt it holds with its current lender and forMore »

Mangano Pillow Sales Set HSN Record

Joy Mangano

ST. PETERSBURG, Fla.-More than 216,000 sets of Joy Mangano’s Comfort & Joy MemoryCloud pillows were sold on HSN on July 26, breaking the shopping network’s previous record for most units of a single item on a single day, according to an HSN statement. For the whole July 26-27 weekend, nearly half a million of theMore »

Tuesday Morning Tabs Wade for Board

Jim Wade

DALLAS-Jim Wade, retired president of Advance Auto Parts, has been named as an independent member of the board of directors of closeout retailer Tuesday Morning. Wade joined Advance Auto Parts as treasurer in 1994 and later served as the auto products retailer’s chief financial officer and executive vice president and customer development officer-commercial before beingMore »

Wayfair Names Naspers’ Rodrigues to Board

Romero Rodrigues

BOSTON-Romero Rodrigues, global CEO for comparison shopping at Naspers, has been appointed to Wayfair’s board of directors. Rodrigues oversees comparison shopping platforms in emerging markets for Naspers, a South African multinational mass-media company. He was also co-founder of Buscape Co., a digital commerce group of which Naspers acquired 91 percent in 2009. He also isMore »

Dollar Tree to Acquire Family Dollar

Dollar Tree

CHESAPEAKE, Va.-In a cash-and-stock deal, Dollar Tree has reached an agreement to purchase Family Dollar for about $8.5 billion, or about $74.50 per share. The transaction, which is slated to close in early 2015, will create a retailer of more than 13,000 stores in 48 states and five Canadian provinces. Annual sales for the combinedMore »

Amazon.com Q2 Net Loss Reached $126 Million

Amazon.com

SEATTLE-Substantial increases in expenses offset a significant gain in sales to send Amazon.com’s net loss to $126 million in its fiscal second quarter, compared to a net loss of $7 million in the second quarter of last year. Total operating expenses jumped 23.9 percent in dollars and 57 basis points as a percentage of sales,More »