20 stories

The new owners of bankrupt online clothing retailer Karmaloop have appointed a new CEO. Seth Haber, the former co-owner of a streetwear trade show called Agenda, replaces founder Greg Selkoe. The company is expected to remain in Boston. Karmaloop’s sale was approved last week.More →

Three years ago, sensing that consumers would soon want to pay for things with their smartphones, many of the country’s largest retailers — including Walmart, Southwest Airlines, Bed Bath & Beyond and Dunkin’ Donuts —decided to build their own mobile-payments system.

But the company they built, Needham-based Merchant Customer Exchange, or MCX, still hasn’t produced the smartphone app at the center of its strategy. And after this week, things aren’t looking very promising. More →