Tag Archives: E-commerce

Pier 1 Net Slides for Q4, FY

Report: Pier 1 Imports to Sell Online

FORT WORTH, Texas-A weak fourth-quarter performance led to significant cuts in Pier 1 Imports’ bottom line for both the quarter and the fiscal year. Net income in the quarter fell 31 percent to $42.6 million, bringing net income for the fiscal year ending on March 1 to $107.5 million, down 16.9 percent. Net sales inMore »

Oblak Tabbed as Wayfair GM

Steve Oblakw

BOSTON—Wayfair has promoted Steve Oblak to senior vice president and general manager of wayfair.com, the retailer’s flagship e-commerce brand. Oblak’s appointment to this newly created position puts him in charge of strategy and execution for the wayfair.com brand. He reports directly to Niraj Shah, Wayfair’s CEO and co-founder. Oblak has been with Wayfair for almostMore »

Neiman Marcus Moves Gold Over Merchandising in Organizational Reset

Jim Gold

DALLAS—In a reorganization intended to merge the merchandising and planning functions for both its stores and online channel, Neiman Marcus has named Jim Gold president and chief merchandising officer of Neiman Marcus. In his new role, which goes into effect on April 14, Gold will lead an integrated merchant and planning team for Neiman MarcusMore »

BDO: Omnichannel a Top 2014 Retailer Growth Strategy

BDO

CHICAGO-With mobile and online sales projected to grow further, retailers will continue to develop their e-commerce and mobile-commerce businesses this year, according to a survey of retailer chief financial officers by research firm BDO USA. Thirty-four percent of the retailer financial chiefs who responded to the survey said they will continue to invest in theirMore »

hhgregg Ups Lyons to Senior VP of E-commerce

Kevin Lyons

INDIANAPOLIS-Kevin Lyons has been promoted to senior vice president of e-commerce for specialty retailer hhgregg. Lyons, who was vice president of e-commerce, reports to Julie Lyle, hhgregg’s chief marketing officer. He joined the company in May 2013, and has since led the e-commerce team’s creation of the online development and promotional strategy. An hhgregg statementMore »

Kohl’s Q4 Comps Drop 2 Percent

Kohl’s

MENOMONEE FALLS, Wis.-Same-store sales for Kohl’s in its fiscal fourth quarter were down 2 percent, according to a preliminary statement on the company’s financial results for the quarter. The statement said Kohl’s managed a 0.8 percent gain in same-store sales for the combined November-December period. However, January sales turned up less than expected due toMore »

Emerald Expositions Completes GLM Acquisition

GLM

SAN JUAN CAPISTRANO, Calif.-Emerald Expositions has closed on its acquisition of GLM from Providence Equity Partners. The purchase price was $335 million, consisting of $200 million of debt and a $140 million equity investment (which included transaction expenses) by Onex Partners III. The latter company purchased Emerald Expositions in June 2013. The acquisition adds GLM’sMore »

Forrester: E-commerce Revenues to Grow in 2014 as Brands Expand Online

Forrester Research

BEIJING-E-commerce revenues will continue to climb in 2014 as more brands begin executing their global e-commerce strategies, according to a report from Forrester Research. The report singled out five trends to watch for this year: •In 2014, the percentage of traffic and total online orders placed via mobile devices will rise in virtually every marketMore »