Archive for September, 2007
Macy’s to Join Ranks of Retailers Going Private?
Here’s something interesting to consider: Mergers and acquisitions were up $33 billion in the first half of this year, according to a July 9 article in DM News. A recurrent hot topic in the retail sector is the rumored possibility that various venture capital firms (Kohlberg Kravis Roberts & Co. earlier this summer; Vornado Realty [...]
Losing Competitive Edge: Sharper Image Cuts Back DC Operations
Along with announcing a 31% decrease in revenue for the first half of this year compared to last year, San Francisco-based Shaper Image this week announced that it will close its distribution center in Richmond, VA. The specialty electronics and gadgets retailer is touting the move as part of a strategic plan to cut [...]
Everything but Champagn Online Couture Goes Haute With Virtual Trunk Shows
Trunk shows cover a lot of territory these days, thanks to the Internet. A variety of artists and artisans, resellers, and even retailers, have been hosting online, or virtual, trunk shows for the last few years. At one end of the spectrum, this kind of show can represent a sort of Tupperware party held in [...]
Sigma Micro LLC appoints Matt Konkle as President
Indianapolis, IN. (September 12, 2007) – Sigma Micro LLC announced today that Matt Konkle, previously CFO for Sigma Micro, has been appointed President of the company.
Mr. Konkle has served as CFO for Sigma Micro for the past 4 years and takes the helm from Joe Swern who recently stepped down from the position. As President [...]
Kohl’s Expands Web Sales, Makes E-commerce a Priority
After less than a week out of commission, the online sales element of the Menomenee Falls, WI-based Kohl’s Web site (www.kohls.com) is functioning again in a new, upgraded format. The site now allows customers to access thousands of items that were previously sold exclusively through Kohl’s retail stores, and the company plans to make its [...]
MICROS-Retail to Incorporate eOne E-commerce Solutions
Retail technology provider Datavantage/CommercialWare, a subsidiary of MICROS Systems, Inc., will integrate solutions from e-commerce solutions provider eOne Group into the renamed MICROS Retail later this year.
Datavantage/CommercialWare has just acquired a 51% interest in eOne Group, which will allow MICROS Retail to offer extensive e-commerce applications to its users in addition to the currently available [...]
John Belk, Regional Retail Legend, Dead at 87
John Montgomery Belk was a leader and innovator in retail merchandising in the South. After taking the lead in his family’s Charlotte, NC-based department store chain in the 1950s, Belk oversaw almost half a century of innovation and transformation.
The business was rooted in the dry goods store Belk’s father founded in Monroe, NC, in 1888. [...]
