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  • INDUSTRY NEWS

    • On December 18, 2014, it was reported, Target chairman and CEO Brian Cornell, who took the helm earlier this year, is making a string of executive changes to help fuel the retailer's digital transformation and enhance the guest experience. Casey Carl, president, omnichannel and SVP, strategy, will assume the role of chief strategy and innovation officer. With this move, Carl joins Target's leadership team, reporting to Cornell. In addition, the retailer is creating a center of excellence under Carl's leadership to accelerate and strengthen its data, analytics and business intelligence capabilities. This effort will be led by Paritosh Desai in the new role of SVP, enterprise data, analytics and business intelligence. To further drive the growth of mobile and e-commerce, Jason Goldberger has been named president, Target.com and mobile. Goldberger joined Target two years ago from Gilt, where he launched a new Gilt Home website and grew the business by more than 40%,. His background also includes eight years at Amazon. In addition, Dawn Block has been promoted to SVP, Target.com and mobile merchandising. Jeff Jones, chief marketing officer, will take on the added responsibility of leading Target's work in architecting the guest experience across all channels and touchpoints. Jones will create and lead a new guest center of excellence, designed to enable the organization to develop a greater sense of advocacy and empathy for the guest in all of its business decisions. To more closely align Target's corporate social responsibility efforts and support of the communities in which it does business, Laysha Ward, president, community relations, becomes EVP, chief corporate social responsibility officer. Ward's expanded organization will include
    • On December 18, 2014, it was reported, top 100 retailer Steinhafels will anchor a new planned mixed use development in Greenfield according to the Journal Sentinel of Milwaukee. The paper reported that development firm Cobalt Partners will buy an existing Steinhafels store at 8400 W. Layton Ave. as well as some surrounding properties the retailer owns. The existing store will be demolished once the new Steinhafels is completed. The new store will be located along I-894, within the new Greenfield development, the paper said.
    • On December 17, 2014, it was reported that Hudson's Bay Company has appointed Jerry Storch its CEO, overseeing Hudson's Bay, Lord & Taylor, Saks Fifth Avenue, Saks OFF 5TH, Home Outfitters and HBC Digital. He will assume his position Jan. 6. Richard Baker will continue as governor and executive chairman. Together he and Storch will compose the Office of the Chairman. Donald Watros has been appointed president of HBC's newly formed International unit. Reporting to Baker, he is charged with identifying, launching and overseeing international expansion.
    • On December 16, 2014, it was reported, Newell Rubbermaid has completed its acquisition of Baby Jogger Holdings from private equity firm Riverside Co. The purchase price was $210 million. Baby Jogger designs and markets infant and juvenile products focusing on activity strollers and related accessories. A Newell Rubbermaid statement said Baby Jogger is expected to bring in about $90 million in net sales in 2014.