Financial News: Page 301


  • The Limited files for bankruptcy

    After closing all of its stores and moving operations online earlier this month, the retailer has agreed to a stalking horse bid for its intellectual property and assets.

    By Jan. 17, 2017
  • After holiday sales slump, Tiffany names designer Reed Krakoff as chief artistic officer

    Krakoff, who served as a creative collaborator with the re-launch of a luxury accessories collection, will spearhead the artistic vision of the upscale jeweler.

    By Jan. 17, 2017
  • American Apparel begins layoffs at HQ, factories

    New owner Gildan sources most of its textiles in overseas factories and will not continue American Apparel’s Los Angeles operations, signaling a loss for U.S. apparel manufacturing.

    By Jan. 17, 2017
  • Wal-Mart staffing shakeup to align store, digital operations

    Amid significant shakeups in its corporate offices and store back rooms in recent months, Wal-Mart plans to also add store associates, e-commerce fulfillment workers and boost training of store personnel.

    By Jan. 17, 2017
  • H&M misses expectations for holiday sales growth

    The retailer, which has expanded its store count despite tepid sales, had warned it might need to employ heavy discounts to get through the holidays.

    By Jan. 17, 2017
  • Report: Wet Seal weighs sale or bankruptcy

    Sources told Bloomberg that private equity firm Versa, which bought the struggling apparel retailer in 2015, prefers a sale.

    By Jan. 17, 2017
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    Amazon reportedly seeks FCC approval for wireless tests at Seattle HQ

    Amazon has asked to conduct wireless technology tests at its Seattle headquarters and one of its customer service facilities elsewhere in Washington.

    By Jan. 16, 2017
  • Intel launches store management platform, pledges $100M retail investment

    The investment is aimed at helping retailers achieve more efficient store environments with an assist from the Internet of Things.

    By Jan. 16, 2017
  • NRF Foundation unveils retail education, credentialing program

    The RISE Up effort brings together 21 merchants who’ve pledged to help individuals secure the skills and training they need to land jobs in the retail sector, regardless of their educational background, economic means or age.

    By Jason Ankeny • Jan. 15, 2017
  • Analyst: Amazon hiring binge hints at physical store plans

    The retail giant said on Thursday that it’s hiring 100,000 full-time workers for its expanding fulfillment network, but one expert says the numbers indicate accelerated brick-and-mortar growth, too.

    By Jan. 13, 2017
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    Amazon steals Target tech star to lead overseas Prime expansion

    Jamil Ghani, formerly Target's senior vice president of enterprise strategy and innovation, will spearhead Prime operations as the e-commerce giant continues to grow the program's international reach.

    By Jan. 13, 2017
  • American Apparel factory sold to Los Angeles textile company

    Joel Chun, who owns West Coast Textile, said that he’s working closely with American Apparel's human resources department to preserve some 200 jobs at the facility.

    By Jan. 13, 2017
  • Target gets creative help from Gen Z in new apparel line

    The retailer brought 10 kids aged 10 to 14 to its Minneapolis headquarters to get feedback on its new “Art Class” line of accessories and apparel.

    By Jan. 12, 2017
  • Walgreens adding FedEx dropoff, pickup locations nationwide

    FedEx customers will be able to drop off pre-packaged and pre-labeled shipments and pick up packages at their neighborhood Walgreens store.

    By Jan. 12, 2017
  • Wal-Mart CIO reportedly stepping down next month

    Karenann Terrell has held the role since February 2012, and her departure is likely part of a digital operations shake-up since its acquisition of startup Jet.

    By Jan. 12, 2017
  • Deep Dive

    Why The Limited's time finally ran out

    The apparel retailer was once the go-to destination for stylish young Americans, and set the stage for the discovery and production innovations synonymous with today's fast fashion. What went wrong?

    By Jan. 12, 2017
  • J.C. Penney poised to close more stores

    Locations that fail to meet the retailer’s “brand standard” must go, but CEO Marvin Ellison stressed physical stores will continue to drive the great bulk of its sales.

    By Jan. 12, 2017
  • Target accepting applications for next Techstars retail accelerator program

    More than 150 mentors gave more than 500 hours of their time and expertise to selected retail tech startups during the first round of the program.

    By Jan. 11, 2017
  • FTC approval of Walgreens-Rite Aid merger reportedly imminent

    There’s pressure to give the $9.4 billion drugstore acquisition the green light before president-elect Donald Trump’s inauguration.

    By Jan. 11, 2017
  • Amazon revamps branded Visa card to reward Prime members

    The expanded benefits are just another way for Amazon to attract, keep and grow its sticky, higher-buying membership base.

    By Jan. 11, 2017
  • Heavy discounting springs Ascena holiday woes

    The company’s apparel chains suffered same-store sales declines, and shares fell as much as 10% on news of a disappointing holiday season.

    By Jan. 11, 2017
  • Report: Wal-Mart poised to eliminate 1K corporate jobs

    The retail giant’s investments in stores and its ongoing e-commerce push are driving efforts to seek out efficiencies.

    By Jan. 11, 2017
  • Instacart under fire from personal shoppers over pay changes

    Shoppers are complaining that changes in tipping and pay rate policies have left them making less money than before.

    By Jan. 10, 2017
  • Gildan wins American Apparel auction with $88M bid

    The Canadian T-shirt company reportedly beat out competing bids from Next Level Apparel, Forever 21, brand band licensor Authentic Brands Group LLC and even e-commerce giant Amazon.

    By Jan. 10, 2017
  • Hudson's Bay cuts guidance again after holiday season struggles

    Seasonal sales were strong, but not enough to lift overall performance as the Canadian company fell victim to challenges in the U.S. and Europe.

    By Jan. 10, 2017