January 05, 2017
Although some 2016 Holiday sales figures are still being tabulated, one thing is clear: a competitive, promotional environment—a sign of the dramatically changing shopping landscape—proved great for shoppers and pure-play e-tailers, but not terribly profitable for many department stores and apparel retailers.
The Walmart-owned e-commerce site, acquired last year for $3.3 billion in cash and stock, will add a branded shoe component with the deal to take over Shoebuy from IAC.
The Eager Beavertons received a record-breaking 687 patents in 2016, according to an analysis by the Partland Business Journal.
In his new position he will be responsible for both the Marmot and Ex Officio businesses, reporting to Rich Wuerthele, CEO of Newell Brands Outdoor and Recreation.