Financial News: Page 306
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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 -
Burberry acquires remaining stake in its Chinese retail operations
The retailer is doubling down on its China investment despite some concerns about its reliance on that market.
By Daphne Howland • Aug. 1, 2016 -
Consumer spending fuels modest growth ahead of holidays
Wages continue to increase—including for households with lower incomes.
By Daphne Howland • Aug. 1, 2016 -
Amazon gets analyst thumbs up on investment plans
The online retailer will increase spending on fulfillment centers and video in the second half of the year, and analysts are mostly on board.
By Daphne Howland • Aug. 1, 2016 -
UPS rides e-commerce rocket to higher profit, revenue
The shipper's Q2 revenue climbed 3.8%, reaching $14.63 billion. Profit rose 3.2% to $1.27 billion.
By Dan O'Shea • July 31, 2016 -
Target CIO grows IT staff, tightens budget, hones tech focus
Mike McNamara has hired more than 700 new engineers while refocusing on a streamlined list of high-priority IT projects.
By Dan O'Shea • July 31, 2016 -
Walgreens to shut down e-commerce site Drugstore.com
The drugstore chain wants to focus instead on developing new omnichannel capabilities on its own website.
By Corinne Ruff • July 29, 2016 -
Deep Dive
Retail Therapy: Convention fashion goes red, white and absurd
RNC and DNC attendees showed off their support with capes, tattoos ... and a whole bunch of buttons.
By Kelsey Lindsey • July 29, 2016 -
Columbia Sportswear logs Q2 loss, missing expectations
The outerwear retailer reported revenue of $388.7 million, a Q2 record, but still fell short of Wall Street projections.
By Daphne Howland • July 29, 2016 -
Embattled teen retailer Claire's reportedly in restructuring talks
The headwinds faced by bankrupt Aeropostale are also hitting the teen accessories retailer.
By Daphne Howland • July 29, 2016