Omni Retail Enterprises, which controls a portfolio of digital lifestyle storefronts across several merchandise categories has named Sharon Leite CEO. Omni recently acquired Pier 1, Stein Mart, Dress Barn, Modells Sporting Goods, Linens-N-Things, Bodybuilding.com,...
Omni Retail Enterprises has acquired the Pier 1, Stein Mart, Dress Barn, Models, Linens-N-Things banners, as well as Bodybuilding.com, Franklin Mint and Ralph & Russo from Retail E-commerce Ventures, establishing a portfolio of digital operations that also...
In reporting fiscal first-quarter sales, Tuesday Morning’s new CEO Andrew Berger, who replaced a retiring Fred Hand, faced a double-digit comparable sales decline and deeper losses. The company posted a net loss of $28.2 million, or 29 cents per diluted share,...
After the departure of its former CEO, Belk has named MaryAnne Morin as president and chief merchandising officer. She will lead the company’s merchandising, planning and private brands teams. Morin’s retail career has extended through three decades, Belk noted....
Before it announced a fourth quarter and full year loss, Tuesday Morning revealed that it had closed a strategic transaction to secure $35 million in convertible debt financing that could reshape how the company is positioned in the marketplace and raise the profile...
