Financial News: Page 202
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J. Crew CEO out in just over a year
It was always going to be difficult for James Brett to orchestrate a turnaround with his longtime predecessor on the board.
By Daphne Howland • Nov. 19, 2018 -
Chanel claims The RealReal is selling fake handbags
The French fashion house claims that in addition to allegedly selling fakes, the luxury online consignment retailer forces its customers to rely on its own authentication rather than Chanel's.
By Daphne Howland • Updated Nov. 19, 2018 -
Home Depot's 'year of the pilot' spurs new facilities, 2-day delivery
In a new initiative, the retailer developed a "dynamic ETA" for more exact delivery dates based on zip codes.
By Shefali Kapadia • Nov. 19, 2018 -
Nordstrom overcharged $72M to customers
The retailer will be issuing refunds to 4% of Nordstrom cardholders, with most receiving less than $100.
By Daphne Howland • Nov. 16, 2018 -
Oracle calls on digital assistant to boost operational productivity
Announced last month, this could be the latest virtual assistant to impact retail, but on the back end of the business.
By Dan O'Shea • Nov. 16, 2018 -
Shyft raises $6.5M to fuel workforce management app
The platform enables retail and service employees to easily swap work shifts.
By Dan O'Shea • Nov. 16, 2018 -
Hurricanes boost October retail sales
All eyes were on last month's numbers, and, by and large, they point to robust holiday sales.
By Daphne Howland • Nov. 16, 2018 -
Dillard's Q3 was 'disappointing' for CEO
The family-owned regional department store was forced to slash prices on merchandise in the quarter.
By Daphne Howland • Nov. 16, 2018 -
Retailers are seeing high employee turnover
Low unemployment is part of a robust economy fueling retail sales, but it's also forcing retailers to get creative as employers.
By Daphne Howland • Nov. 16, 2018 -
Stop WALMART Act takes aim at CEO pay, minimum wage
In order for the company to continue buying back stock, the act would require large employers to implement several changes.
By Katie Clarey • Nov. 16, 2018 -
Cashierless technology startup Standard Cognition raises $40M
The company plans to use the funds for rapid global expansion of its AI-powered autonomous checkout, posing a potential threat to Amazon Go.
By Jessica Dumont • Nov. 16, 2018 -
David's Bridal Chapter 11 plan approved
The company stated that it has sufficient funds to meet business requirements and all 300 stores will remain open throughout the restructuring process.
By Kaarin Moore • Updated Jan. 7, 2019 -
J.C. Penney's 'atrocious' Q3 sharpens challenge for new CEO
The hope for the retailer is that Jill Soltau can bring her merchandising skills to bear on fixing Penney's apparel woes — but she faces an uphill climb.
By Ben Unglesbee • Nov. 15, 2018 -
Bloomingdale's to sell major appliances
Will shoppers turn to the upscale department store, known for its tony apparel brands, for new televisions or dishwashers?
By Daphne Howland • Nov. 15, 2018 -
Inside Nike's new House of Innovation flagship
From customizable sneakers and apparel to a localized Speedshop for New York customers, the flagship does just about everything — including mobile.
By Cara Salpini • Nov. 15, 2018 -
Walmart e-commerce sales soar 43%
Thanks to its brick-and-mortar fleet, grocery sales and e-commerce innovations, Walmart is getting stronger in its battle with Amazon.
By Daphne Howland • Nov. 15, 2018 -
Sam's Club hit with timekeeping suit
The suit alleges improper overtime payments and seeks collective status with a proposed class of all full-time hourly Sam's Club workers.
By Lisa Burden • Nov. 15, 2018 -
Victoria's Secret CEO reportedly stepping down
Former Spanx CEO Jan Singer took over from longtime brand chief Sharen Turney a little over two years ago.
By Daphne Howland • Nov. 15, 2018 -
Walmart announces predictive scheduling for all US stores
Employees can work a set schedule for months at a time, or opt for more flexibility — with all scheduling administered through an app.
By Valerie Bolden-Barrett • Nov. 14, 2018 -
A fight is brewing over Sears' survival in bankruptcy
Unsecured creditors and the hedge fund run by the company's chairman are already battling in court over the retailer's plan to sell its remaining stores in Chapter 11.
By Ben Unglesbee • Nov. 14, 2018 -
Macy's posts 4th straight quarter of comps growth
According to GlobalData Retail, the number of people planning to visit the retailer for the holidays has risen for the first time in more than eight years.
By Daphne Howland • Nov. 14, 2018 -
Lord & Taylor settles state racial discrimination claims
The retailer's settlement with the Massachusetts attorney general highlights a common lack of explicit policies that prevent retail employees from treating customers unfairly based on race.
By Daphne Howland • Updated Nov. 19, 2018 -
Amazon to build supply chain hub in Nashville
The tech giant said it would build an Operations Center of Excellence in the Tennessee capital, in addition to new headquarters in New York City and Northern Virginia.
By Edwin Lopez • Nov. 14, 2018 -
Amazon confirms NYC, Northern Virginia as HQ2 locations
The company also announced a new Operations Center of Excellence in Nashville, Tennessee.
By Kristin Musulin , Chris Teale • Nov. 13, 2018 -
Flipkart CEO resigns over allegations
Co-founder Binny Bansal stayed on to oversee operations after Walmart acquired the Indian e-tailer, but unspecified misconduct allegations have forced him out.
By Daphne Howland • Nov. 13, 2018