Last updated on December 2nd, 2015 at 03:21 pm
New Channels News In Brief…
RetailNext Inc., focusing on retail analytics for brick-and-mortar stores, reported a decrease in U.S. store sales of 4.7 percent on a 5.1 percent decline in overall retail store traffic over the Thanksgiving and Black Friday weekend. “The sales and traffic numbers only tell a partial story as retailers with strong digital businesses saw an uptick in the online channels that will positively impact the overall performance of the brand,” said Shelley E. Kohan, VP of retail consulting at RetailNext. “The weekend continued to demonstrate the emergence and importance of mobile shopping, and shoppers increasingly used digital devices to shop brands, research products, compare pricing and make purchases.”…
On Nov. 29 Petco, a specialty retailer of premium premium pet food, supplies and services, announced that it will be acquired for $4.6 billion by CVC Capital Partners (Luxembourg) and Canada Pension Plan Investment Board. The deal is expected to close in early 2016…
McCormick & Co. of Sparks, Maryland, has promoted Lawrence Kurzius to president and CEO, effective Feb. 1, 2016. Alan Wilson will continue to serve as executive board chairman. Wilson served as chairman, president and CEO for more than eight years where he was responsible for McCormick’s worldwide business, which now generates more than $4.2 billion in annual sales. In January, Wilson transitioned responsibility for the company’s global operations to Kurzius, who served as president and COO prior to his promotion to president and CEO.
