The e-retailer reports a $126 million net loss, stemming from a $640 million year-over-year increase in spending in the quarter on technology and content ...
Adam Silverman also worked for Target and apparel retailer Wet Seal.
Online books and music marketplace Alibris Inc. has hired a Musician’s Friend Inc. executive as general manager.
Adam Silverman will develop and manage strategic growth strategy for Alibris, No. 123 in Internet Retailer’s Top 500 Guide; he will work with Alibris.com and the company’s U.K. site, Alibris.co.uk. Monsoon Commerce Inc. is the parent company of Alibris.
Most recently, Silverman was director of marketing at Musician’s Friend, No. 44 in the Top 500 Guide, according to his LinkedIn profile. Prior to that, he worked as group manager of digital marketing at Target Corp., No. 22. From 2006 to 2009, he was director of e-commerce for apparel retail chain The Wet Seal Inc., No. 316.
“Adam brings extensive leadership experience to the team, and his appointment reinforces our commitment to developing the Alibris retail arm of Monsoon Commerce,” says Brian Elliott, CEO of Monsoon. “We are excited to have a leader in place who can take this business to the next level.”