Financial News: Page 314
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Study: Retail prices stable a year after Seattle minimum wage hike
Price increases feared by some opponents of the legislation haven’t materialized so far, the University of Washington says.
By Daphne Howland • April 22, 2016 -
Report: Aeropostale could file for bankruptcy this month
Bankruptcy protection would allow the struggling teen apparel retailer to fund its turnaround and quickly close underperforming stores.
By Daphne Howland • April 22, 2016 -
Sears, Kmart closing 78 more stores in bid to restore profitability
The question is whether Sears is still over-stored, or if cost-cutting might begin eating into its ability to operate effectively.
By Daphne Howland • April 22, 2016 -
Under Armour revenues top $1b in Q1, buoyed by Stephen Curry shoe line
Under Armour also credited its partnerships with golf star Jordan Spieth for powering its Q1 results.
By Daphne Howland • April 21, 2016 -
Macy's topples Kohl's in Harris Poll brand equity study
Macy's win, which comes as it's grappling with underperforming stores and other woes, speaks to its brand's enduring strength.
By Daphne Howland • April 21, 2016 -
Target: Transgender people can use bathrooms, fitting rooms of their choice
Retailers tend to shy away from controversial topics, but Target has made several moves to blur gender lines.
By Daphne Howland • April 20, 2016 -
Report: Bass Pro Shops preparing bid to buy Cabela's
Outdoor gear and apparel retailer Cabela’s has been under pressure from one of its investors to be sold.
By Daphne Howland • April 20, 2016 -
"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
Judge hears closing arguments in Staples/Office Depot merger case
U.S. District Court Judge Emmet Sullivan pushed back on arguments made by Staples' attorney, but also questioned the Federal Trade Commission's efforts to block the deal.
By Daphne Howland • April 20, 2016 -
CVS to launch Express pickup service with Curbside
The new effort, currently in pilot, enables consumers to place an order via mobile app and pick up their purchase an hour later.
By Jason Ankeny • April 19, 2016 -
Nordstrom slashing up to 400 additional jobs as cost cutting continues
The layoffs, representing about 6% of Nordstrom's workforce, are expected to save some $60 million in fiscal 2016.
By Daphne Howland • April 19, 2016 -
Report: Aeropostale launching strategic review as struggles continue
The teen apparel retailer hasn’t seen the rebound that its rivals have, and last month said it would explore a restructure or sale.
By Daphne Howland • April 19, 2016 -
Target boosting minimum pay to $10 per hour
The raise could dent Target’s earnings as it also invests in tech and store upgrades.
By Daphne Howland • April 19, 2016 -
New Avon names new CEO in turnaround effort
Scott White joins the newly spun-off but still-struggling company with loads of consumer product experience but none in Avon’s mainstay — direct selling.
By Daphne Howland • April 19, 2016 -
Ikea plots organizational overhaul to improve agility
The home furnishings retailer’s convoluted structure has allowed it to escape taxes, but may be hampering its ability to compete.
By Daphne Howland • April 18, 2016 -
US consumer confidence falls amid economic growth concerns
Consumer confidence fell for the fourth straight month according to the University of Michigan preliminary consumer sentiment index for April.
By Daphne Howland • April 18, 2016 -
Sport Chalet shutters all stores, halts online sales
The move is part of a new strategic focus on parent Vestis Retail Group's other two regional sports retailers, Bob’s Stores and Eastern Mountain Sports.
By Daphne Howland • April 18, 2016 -
Target's Marimekko collection fails to replicate Lilly Pulitzer frenzy
The newest collection with Helsinki-based design house Marimekko saw tepid response, according to news reports. But that didn't surprise or disappoint Target.
By Daphne Howland • April 18, 2016 -
Deep Dive
Retail Therapy: The strange selling power of celebrities
How do you sell $80 furry sandals? With Rihanna, of course!
By Kelsey Lindsey • April 15, 2016 -
Sports Authority bankruptcy auction pushed to May
Several entities are reportedly interested in bidding on Sports Authority's assets, including Dick’s Sporting Goods and Modell’s.
By Daphne Howland • April 15, 2016 -
Report: Amazon eyed multiple startups to boost fashion cred
Amazon considered acquiring Everlane, Rent The Runway, ThirdLove, and others, according to TechCrunch.
By Daphne Howland • April 15, 2016 -
CVS expands Hispanic-focused 'Pharmacy y más' to Los Angeles
The project was developed after research into local tastes and needs, according to the drugstore retailer.
By Daphne Howland • April 15, 2016 -
Survey: Americans favor bargains over 'Made in the USA' goods
The vast majority of consumers say they’d like to buy American, but that it costs too much.
By Daphne Howland • April 15, 2016 -
Gap names supply chain exec to lead Old Navy
Sonia Syngal previously led Gap's enterprise-wide global supply chain efforts.
By Jason Ankeny • April 14, 2016 -
More states question controversial on-call scheduling
The coordinated move follows a similar one last year, an effort that prompted six retail brands to end the practice.
By Daphne Howland • April 14, 2016 -
Deep Dive
Are retailers over-investing in omnichannel at brick-and-mortar's expense?
When Finish Line said it would refocus on the in-store experience, some took it as a sign that it's ditching omnichannel. But is it really an either/or choice?
By Kelsey Lindsey • April 13, 2016