Financial News: Page 302
-
Honeywell reportedly eyeing JDA Software acquisition
The rumored negotiations follow just weeks after Honeywell purchased warehouse automation firm Intelligrated for $1.5 billion.
By Dan O'Shea • Aug. 8, 2016 -
Amazon Japan reportedly raided on suspected antitrust activity
Amazon is already under scrutiny in Europe for banning sellers from featuring lower prices than what are found on its marketplace.
By Daphne Howland • Aug. 8, 2016 -
Report: Steinhoff acquiring Mattress Firm for $2.4b
Mattress sales have remained a steady business for U.S. department stores, despite recent distruption from online startups.
By Daphne Howland • Aug. 8, 2016 -
Aeropostale in talks to sell to Versa Capital
The embattled teen retailer, which filed for Chapter 11 bankruptcy in May, is looking to the private equity firm that turned around Wet Seal during a similar bankruptcy last year.
By Daphne Howland • Aug. 8, 2016 -
Deep Dive
Retail Therapy: The great cargo shorts debate seizes the internet
All hell broke loose on the internet when the Wall Street Journal stated the obvious: cargo shorts are ugly.
By Kelsey Lindsey • Aug. 5, 2016 -
At Home IPO receives tepid Wall Street reaction
The first retail-based initial public offering of 2016 hovered near its opening price tag at market’s close on Thursday.
By Daphne Howland • Aug. 5, 2016 -
Target begins selling Amazon gadgets again
Target stopped selling Amazon gadgets in 2012, determining that the disadvantages of boosting a major competitor outweighed the benefits.
By Daphne Howland • Aug. 5, 2016 -
Wal-Mart rolls out new staffing software to hone peak-hour scheduling
The Customer First Scheduling system is designed to assign workers more rational, predictable hours and cut down on last-minute calls to work.
By Daphne Howland • Aug. 5, 2016 -
Kate Spade tumbles on Q2 sales miss
The retailer, which faltered on outlet sales, will move toward catering to the "splurge customer" at higher price points.
By Daphne Howland • Aug. 4, 2016 -
Target to sell Harry's men's grooming products
The deal gives Target an exclusive edge and offers Harry's a brick-and-mortar marketing and sales channel.
By Daphne Howland • Aug. 4, 2016 -
Staples replacing Connect with third-party smart home system
One of the earliest retailer-specific smart home ecosystems, Staples Connect works with some 150 lighting, climate control and security products.
By Daphne Howland • Aug. 4, 2016 -
Best Buy to expand some Samsung mini-shops, close others
About 160 of the Samsung Experience stores-within-stores will shutter, and those employees will lose their jobs.
By Daphne Howland • Aug. 4, 2016 -
Wal-Mart reportedly in negotiations to acquire Jet
Securing Jet could help Wal-Mart in its efforts to mount a serious threat to Amazon’s e-commerce supremacy.
By Jason Ankeny • Aug. 3, 2016 -
Etsy shares rise on healthy Q2 revenue boost
The marketplace's newfound focus on sellers seems to be paying off.
By Daphne Howland • Aug. 3, 2016 -
Calvin Klein names Raf Simons its first chief creative officer
The Belgian designer will bring his minimalist aesthetic to all global enterprises as the company unifies its brands under one creative vision.
By Daphne Howland • Aug. 3, 2016 -
Office Depot closing 300 more stores as revenue slumps
The embattled retailer will also expand trials of new, smaller-format stores.
By Jason Ankeny • Aug. 3, 2016 -
Sports Authority executive bonuses blocked by bankruptcy judge
The retailer's plan to award $2.85 million to four executives is "inappropriate" in the face of employee job losses, a U.S. bankruptcy court judge said.
By Daphne Howland • Aug. 3, 2016 -
Apple vet Bob Kupbens jumps to eBay
EBay appears to be on a roll, and hiring Kupbens, widely seen as an effective executive, is a coup.
By Daphne Howland • Aug. 2, 2016 -
CVS misses Q2 sales expectations as store traffic dwindles
Sales grew 2.1% in Q2, missing analyst expectations for a 2.5% increase and trailing well behind the 4.2% gains that CVS posted in the first quarter of this year.
By Daphne Howland • Aug. 2, 2016 -
Hhgregg names permanent CEO
Robert Riesbeck has shaken up senior management and streamlined logistics since taking over as interim CEO six months ago.
By Daphne Howland • Aug. 2, 2016 -
Inditex supports Zara workers' vote to unionize in NYC
The Spanish fast-fashion retailer has been criticized for using algorithms to set workers schedules.
By Daphne Howland • Aug. 2, 2016 -
Amazon overtakes Exxon as fourth-most valuable US company
Amazon’s move up the market-cap ladder shows how much the economy has shifted to tech in an era when oil companies are falling.
By Daphne Howland • Aug. 2, 2016 -
Magento snaps up RJMetrics to strengthen analytics offering
RJMetrics' cloud-based analytics offering will become part of the Magento Core platform, providing retailers with expanded insights into customers, merchandising and channels.
By Dan O'Shea • Aug. 1, 2016 -
Report: IBM mulling acquisition of POS player Revel
Big Blue sold its own point-of-sale division in 2012 for more than $800 million.
By Dan O'Shea • Aug. 1, 2016 -
Alibaba partners with French insurer AXA to calm fears over fake products
The Chinese e-commerce giant hopes to create a "safe trading environment" for consumers and brands alike.
By Corinne Ruff • Aug. 1, 2016