Financial News: Page 285
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Amazon adding 5K work-from-home customer service jobs
Amazon plans to hire 30,000 part-time roles over the next year, on top of more than 100,000 full-time, full-benefit positions it's creating over the next 18 months.
By Daphne Howland • April 7, 2017 -
Under Armour cuts jobs from Connected Fitness unit
The Connected Fitness unit spearheads the sportswear brand’s array of mobile apps, including UA Record, MapMyFitness, MyFitnessPal, Endomondo and others.
By Dan O'Shea • April 6, 2017 -
Cross-border e-commerce enabler Flow earns $16M in Series A
The startup's cloud-based software platform leverages artificial intelligence and virtualization to support multi-currency pricing, rapid shipping, international payment options, taxes and duties, and simplified returns.
By Dan O'Shea • April 6, 2017 -
Bebe to shutter 21 stores, mulling more closures
The women’s apparel retailer is making good on its store closure plans, though it’s still not clear if it will opt to sell only online.
By Daphne Howland • April 6, 2017 -
Coach taps ex-Bergdorf chief Schulman to lead flagship brand
Joshua Schulman, former head of Neiman Marcus’s NMG International unit, will report to Coach Inc. CEO Victor Luis when he steps into his new position in June.
By Daphne Howland • April 6, 2017 -
Forever 21 to add 40 new F21 RED stores by year's end
The brick-and-mortar expansion hikes the discount unit's store count up to 70 nationwide.
By Daphne Howland • April 6, 2017 -
Bed Bath & Beyond tops expectations despite store struggles
Same-store online sales rose more than 20% in the fourth quarter while same-store physical sales fell in the low single-digit percentage range.
By Daphne Howland • April 6, 2017 -
Report: Rue21 misses payments, heads toward bankruptcy
The struggling apparel retailer is looking for new lenders, but analysts don’t think it can take on any more debt.
By Daphne Howland • April 6, 2017 -
Wal-Mart cutting 300 jobs in information systems unit
The layoffs come after two separate rounds of cuts announced in January and barely a week after a trio of Wal-Mart tech executives were elevated to new jobs.
By Dan O'Shea • April 5, 2017 -
Amazon to use Plug Power fuel cells to boost fulfillment network efficiencies
The e-commerce goliath plans to power industrial equipment at 11 fulfillment centers with Plug Power’s GenKey technology, corresponding to faster charging times, reduced costs and energy efficiencies.
By Dan O'Shea • April 5, 2017 -
Target touts Victoria Beckham pre-launch events for REDcard holders
The retailer is rewarding its loyalty card and mobile app users while differentiating its home decor and apparel merchandise at a time of intense competition.
By Daphne Howland • April 5, 2017 -
Payless files for bankruptcy, to close 400 stores
The shoe retailer has entered into an agreement with its lenders that it says will allow it to make a speedy exit from the Chapter 11 process.
By Daphne Howland • April 5, 2017 -
Walgreens stumbles on sales, still optimistic on Rite Aid deal
While currency translations hit Walgreens Boots Alliance's international sales hard in Q2, U.S. pharmacy sales rose 3.7% year over year, accounting for 66.5% of the division's sales in the quarter.
By Daphne Howland • April 5, 2017 -
Pier 1 taps former Kmart chief as CEO
Alasdair James had served as president and chief member officer of Kmart since 2014, but left in March, becoming the third high-profile Sears Holdings executive to depart within the last three months.
By Daphne Howland • April 5, 2017 -
"Staples Store sign logo building facade, US Postal Service, Staples Home Office Supplies Strike Picket" by Mike Mozart is licensed under CC BY 2.0
Report: Staples exploring sale as Amazon threat escalates
Still reeling from its failed $6.3 billion merger with rival Office Depot, the office supplies retailer said last month it will shutter 70 stores in 2017.
By Daphne Howland • April 5, 2017 -
Petco acquires PetCoach, adding digital pet health resource to offerings
PetCoach co-founder and CEO Brock Weatherup will join Petco to drive growth through innovation and enterprise-wide, consumer-focused tech initiatives.
By Dan O'Shea • April 4, 2017 -
Fanatics buys Majestic months after winning deal to replace it as MLB partner
Fanatics and Under Armour last year teamed up to win a 10-year contract from Major League Baseball to make player uniforms and manufacture and sell licensed fan apparel.
By Dan O'Shea • April 4, 2017 -
Report: Q1 on track for worst retail earnings since late 2014
Retail earnings this quarter are on track to fall 6.8% year over year, the worst decline since a 7.1% drop in the fourth quarter of 2013, according to a report from Retail Metrics.
By Daphne Howland • April 4, 2017 -
Ralph Lauren shuttering New York Polo store, more closures to come
The fashion brand seems intent on rationalizing its store footprint after a global expansion that some analysts say left the company with too many brick-and-mortar locations.
By Daphne Howland • April 4, 2017 -
Dollar General scooping up 323 former Family Dollar stores
As many as 100 corporate positions and 2,700 store jobs are at risk, and some Dollar Express stores will be liquidated.
By Daphne Howland • April 4, 2017 -
Retrieved from Nike on April 04, 2017
Nike signs Rory McIlroy to 10-year deal as Masters looms
McIlroy, the No. 2-ranked pro golfer in the world, has won 12 tournaments, including two major championships, since first signing with Nike in 2013.
By Dan O'Shea • April 3, 2017 -
Style guru Jenna Lyons leaving J. Crew
The fashionista put daylight between the brand's classic preppy aesthetic and rivals like Lands’ End and L.L. Bean, but sales have faltered over time.
By Daphne Howland • April 3, 2017 -
Uniqlo chief: We'll close stores if US imposes border adjustment tax
Many retailers are deeply concerned about the tax, which could devastate domestic merchants as well as their overseas counterparts.
By Daphne Howland • April 3, 2017 -
Walgreens reportedly preparing ultimatum on Rite Aid merger
The company may trigger a “certified compliance” declaration, sources told the New York Post, which would force the Federal Trade Commission to take action on the merger within the next few months.
By Daphne Howland • April 3, 2017 -
HHGregg to begin liquidation if no buyer emerges by week's end
Liquidation sales of the electronic retailer's merchandise, furnishings, trade fixtures and equipment will take place if no acceptable bids are received by Friday, according to a Securities and Exchange Commission filing.
By Daphne Howland • April 3, 2017