New York City — Sensei, a global leader in autonomous retail technology, recently debuted its groundbreaking autonomous supermarket at NRF 2025: Retail’s Big Show, which took place in New York City from Jan. 12-14. Sensei introduces real-time basket technology and an autonomous experience with assisted sales — transforming customer convenience and operational efficiency. “Sensei’s technology goes beyond eliminating checkout lines — it enhances the entire shopping journey while providing retailers with invaluable real-time data to optimize their operations,” says Vasco Portugal, CEO and co-founder of Sensei. “We’re excited to bring …
retailers
Irving, Texas — RumbleOn, Inc., the largest powersports retailer in North America, has made the following leadership changes, effective as of Jan.13, 2025: Michael Quartieri, chairman of the board of directors, has been appointed chief executive officer; Cameron Tkach, vice president of dealership operations, has been promoted to executive vice president and chief operating officer of the company; Becca Polak, chair of the compensation committee of the board of directors, has been named vice chairman and lead independent director; and Michael Kennedy is no longer CEO or a member …
Lincolnshire, Ill. — Zebra Technologies Corporation, a global leader in digitizing and automating frontline workflows, has helped Rack Room Shoes to operate with greater efficiency, leveraging Zebra’s Workcloud Task Management software and mobile computing solutions. For a century, Rack Room Shoes, with more than 500 stores across 36 states, has been committed to offering high-quality, brand-name footwear at competitive prices while ensuring exceptional customer service. To maintain its commitment, the retailer needed to streamline its operations and overcome communication bottlenecks so its store associates could be more productive and accelerate …
Fort Worth, Texas — Tandy Leather Factory, Inc. has appointed Johan Hedberg as its new chief executive officer and a member of the board of directors, effective Jan. 6. Hedberg will replace Janet Carr, who will remain with the company for transition through March 2025. Hedberg brings more than 30 years of wholesale and retail leadership experience, most recently as chief sales officer and president, Americas, of Fiskars Group, after serving as senior vice president of global sales and then global chief sales officer. “We are extremely grateful to Janet …
Plano, Texas — JCPenney and SPARC Group plan to merge, forming Catalyst Brands. Catalyst Brands launches with 1,800 store locations, 60,000 employees, more than $9 billion of revenue and $1 billion of liquidity. JCPenney and SPARC Group have created a joint venture in an all-equity transaction to form the combined organization, with Simon Property Group, Brookfield Corp., Authentic Brands Group and Shein as shareholders. The combined portfolio features six retail banners — the SPARC Group’s Aéropostale, Brooks Brothers, Eddie Bauer, Lucky Brand and Nautica and JCPenney. Marc Rosen, formerly the …
Birmingham, Ala. — Books-A-Million, Inc. has appointed Damian Doggett as chief financial officer. In this role, he will lead the finance organization and will be responsible for all aspects of financial operations. Doggett joined Books-A-Million in 2006 and has held various leadership roles within the finance organization including accounting manager, senior accounting manager, assistant controller, controller, senior vice president and chief accounting officer. “I am pleased to announce Damian’s well deserved promotion to CFO,” says Terrance G Finley, chief executive officer of Books-A-Million. “His years of strong creative leadership, coupled …
Bolingbrook, Ill. — Dave Kimbell plans to retire from his position as chief executive officer of Ulta Beauty, the nation’s largest specialty beauty retailer, after 11 years with the brand. He will also step down from the company’s board of directors. Kecia Steelman, president and chief operating officer, will succeed Dave Kimbell as president and CEO and joined the company’s board on Jan. 6, 2025. Kimbell will serve as an advisor to the company through June 28, 2025. “On behalf of the board, we are grateful to Dave for his …
Guangzhou, China — At the dawn of a new year, fast-fashion brand URBAN REVIVO (UR) is celebrating significant milestones in its international market expansion throughout 2024 and unveiling ambitious plans for further global outreach in 2025. Building on a successful entry into Southeast Asian markets, URBAN REVIVO now sets its sights on major fashion capitals worldwide. In a pivotal year, URBAN REVIVO opened nine new stores across key Southeast Asian markets including Singapore, Malaysia, Thailand, Vietnam and the Philippines. This expansion brings the total number of the brand’s stores in …
Nordstrom Family, Liverpool to Take Namesake Department Store Chain Private in $6.25B Deal
Seattle — In late December 2024, Nordstrom Inc. signed a definitive agreement with the Nordstrom family and Mexican omnichannel retailer El Puerto de Liverpool SAB de CV (Liverpool) in a deal that will take the fashion department store giant private. The all-cash transaction is valued at $6.25 billion. Erik, Pete and Jamie Nordstrom, along with other members of the Nordstrom family, and Liverpool plan to acquire all the outstanding common shares of Nordstrom that they do not already beneficially own. The deal would give the Nordstrom family a majority ownership …
Woodcliff Lake, N.J., and Coppell, Texas — In a one-two punch of holiday retail bankruptcy announcements, Party City has issued a formal statement declaring that it will close all its U.S. stores within the coming months, while The Container Store has also formally filed for Chapter 11 bankruptcy protection. CNN first reported on Dec. 20, 2024 that Party City, which filed for Chapter 11 bankruptcy protection in January 2023 to restructure its debt, would now be liquidating. The New Jersey-based entertainment accessories retailer, which does business as Party City Holdco …