Caitlin Palmieri

Caitlin Palmieri
Home Depot to Double Investment on Stores, E-Commerce

Home Depot is working to stay ahead of the retail curve. At its investor meeting on Wednesday, the home supplies company said it would roughly double its investment in the next three fiscal years to nearly $11.1 billion to expand its store and e-commerce businesses. Fortune reports the new budget will help cover items like…

JOANN's #GivingTuesday Campaign Benefits St. Jude Children's Hospital

Most retailers consider Black Friday weekend to be one of the largest events of the holiday season. In the mix of all the deals for early-bird sales and cyber week extravaganzas, sometimes Giving Tuesday (along with the holiday spirit) gets lost in the shopping frenzy. However, 2017 proved to be the year Giving Tuesday went…

Whole Foods Struggles to Shake ‘Whole Paycheck’ Nickname

It has been six months since Amazon.com announced its plan to acquire Whole Foods Market, and along with it promised pricing rollbacks at the grocery chain. However, to date those price cuts have seemed few and far between. When NBC News took a deeper dive into the situation, it found 269 items with lower price…

Wal-Mart Changes its Name to Reflect Focus on Digital

Wal-Mart Stores Inc. is taking the "Stores" out of its name. MarketWatch reports the big-box retailer will shorten its legal name to Walmart Inc. The move highlights Wal-Mart's message that it is more than just large storefronts, while also showing a commitment to its digital business. “While our legal name is used in a limited…

Edible Arrangements Names New Chief Marketing Officer

Edible Arrangements announced that Kaitlin Reiss has been named chief marketing officer of the world's largest franchisor of shops offering creatively designed, fresh cut fruit arrangements and treats. Reiss has been with the company for 12 years, and most recently served as vice president of marketing and e-commerce. “There are not many people that know Edible…

Under Armour Taps Yahoo Exec as New SVP of Digital Product

Under Armour announced a series of executive moves as it restructures. The sports apparel brand announced this week that Michael La Guardia has been named senior vice president of digital product, effective Jan. 8. He will be reporting to Paul Fipps, chief technology officer. La Guardia was most recently the head of product for both…

Lowe's Names Sylvain Prud'homme President, International

Lowe's announced that Sylvain Prud'homme has been appointed president, international, effective Dec. 15. Prud'homme will report to Lowe's chairman, president and CEO, Robert A. Niblock, and will remain based in Boucherville, Quebec. He will continue to serve as president and CEO of Lowe's Canada and add responsibilities for the Mexico business. This appointment follows the announcement that…

PetSmart Hires New Chief Marketing Officer

PetSmart has named Joshua Kantar its new chief marketing officer. In his new role Kantar will oversee all aspects of PetSmart’s brand marketing, digital, media and creative. Prior to PetSmart, Kantar worked as vice president of marketing and customer experience for Viking Cruises, as well as senior vice president of marketing at Caesars Entertainment. “Joshua is…

Retailers Urge Senate Passage of Tax Reform Bill

Yesterday, the National Retail Federation (NRF) wrote and open letter to the Senate to pass a comprehensive tax reform legislation set for a vote this week (as early as today), saying the measure would create jobs and boost the economy by bringing back investment that has gone overseas while also helping small businesses and consumers.…

Amazon Says Cyber Monday Was its Biggest Shopping Day Ever

Amazon.com said this past Cyber Monday was its biggest shopping day ever, beating out this year's Prime Day, the sales holiday the company held in July. Fortune reports that while Amazon has self-proclaimed Cyber Monday to be its highest selling day, the company has yet to release any numbers supporting this claim. This past week,…

New York & Co. to Acquire Plus-Size Retailer

New York & Company announced yesterday that it was the winning bidder in a recent bankruptcy auction for Fashion to Figure. The women's apparel chain agreed to purchase Fashion to Figure, a retailer of plus-size women's apparel, for a total of $2.4 million, including all fees and expenses. The New York Business Journal reports Fashion…

E-Commerce Brand Everlane is Opening its First Stores

Everlane, the socially minded e-commerce brand, is opening its first brick-and-mortar stores. The Washington Post reports Everlane, whose founder, Michael Preysman, once swore the brand would never go into brick-and-mortar retail, is opening stores in New York and San Francisco. The flagship locations will carry many of the company's best-sellers, including T-shirts, cashmere, denim and…

Record Shopping Crowds Expected Over Thanksgiving Weekend

The National Retail Federation (NRF) reported this week that more than 164 million people are expected to shop during the upcoming Thanksgiving weekend. The NRF reports reports 69 percent of Americans are planning to shop over the now infamous Black Friday and Cyber Monday weekend. CBS Philadelphia reports of those shopping, 20 percent plan to…

Toys"R"Us Seeks OK for $16M in Executive Bonus Pay

Toys”R”Us is seeking approval to pay 17 of its senior executives $16 million in incentive bonuses. Those bonuses could exceed the estimated amount if toys sales are better than expected during the holiday season. The bankrupt retailer is arguing the incentives for the senior-level executives are necessary in order to retain top-level talent through its…