Financial News: Page 316
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Amazon the 'most trustworthy' company in the Fortune 500
Amazon offers a lot of advantages to shoppers, especially those in its Prime program, and it’s tops in customer service, too.
By Daphne Howland • June 8, 2016 -
Ralph Lauren tumbles on store closures, layoffs
The company is meeting with shareholders today to outline its "Way Forward Plan."
By Daphne Howland • June 7, 2016 -
Wal-Mart takes top spot in Fortune 500, again
This is the fourth year in a row Wal-Mart has been No. 1 on Fortune's annual list.
By Daphne Howland • June 7, 2016 -
Best Buy shares fall as CEO nearly halves his stake
A spokesperson for the retailer says CEO Hubert Joly isn’t going anywhere, but investors were jarred when the head of the company cut his stake.
By Daphne Howland • June 7, 2016 -
India may temporarily waive sourcing requirement for Apple stores
Under the agreement, Apple would have two to three years to meet India's local sourcing requirement.
By Daphne Howland • June 7, 2016 -
Burberry CEO pay slashed 75% after dismal earnings
The luxury retailer missed its revenue and profit targets after staking much of its previous success on China’s growth.
By Daphne Howland • June 7, 2016 -
Deep Dive
How Aeropostale crashed and burned—and what's next
The teen apparel retailer filed for Chapter 11 bankruptcy protection in early May after 13 consecutive quarters of losses. Experts question whether the company will survive.
By Daphne Howland • June 6, 2016 -
Report: Sam's Club testing office supplies delivery
The trial presents another challenge to embattled office supply brands Staples and Office Depot.
By Daphne Howland • June 6, 2016 -
Wal-Mart CEO outlines future plans, urges employees to 'reimagine retail'
With the help of better-paid workers, cleaner stores, and technology that drives omnichannel efforts, Wal-Mart aims to save consumers time and money. Can it?
By Daphne Howland • June 6, 2016 -
Barron's urges Cabela's shareholders to sell
The publication questioned the profitability of Cabela’s elaborate stores, and even its credit-card unit.
By Daphne Howland • June 6, 2016 -
Target expanding dedicated smart home spaces to more stores
A Target store in suburban Minneapolis collects a variety of Internet of Things devices in one spot for display and trial, with similar spaces slated for locations in New York City and Cupertino, CA.
By Daphne Howland • June 6, 2016 -
Deep Dive
Retail Therapy: Don't call it a comeback
From stationery to velour Juicy Couture tracksuits, retailers are still selling items that should have gone by the wayside long ago.
By Kelsey Lindsey • June 3, 2016 -
Wal-Mart seeing wage hikes pay off
The retail giant is also testing drones in its warehouses to boost e-commerce efficiencies.
By Daphne Howland • June 3, 2016 -
Under Armour hires high-end designer for new fashion push
Belgian designer Tim Coppens already has his own upscale label that features sports-influenced street wear.
By Daphne Howland • June 3, 2016 -
NRF asks FTC to investigate credit card council on antitrust concerns
The FTC said in March that it was investigating the auditing methods of the Payment Card Industry Data Security Standards.
By Daphne Howland • June 3, 2016 -
Retrieved from Amazon on October 28, 2015
Study: 91% of first-time Amazon Prime subscribers renew for a second year
Consumer Intelligence Research Partners reports that 96% of second-year Prime subscribers stick around for a third year.
By Daphne Howland • June 2, 2016 -
Lululemon founder blasts board over 'dismal' financial performance
"Management competence is uninspiring at best," Chip Wilson said. "I am not convinced we have the right leadership in place to catalyze the change necessary to win in the current global, multi-channel and dynamic environment."
By Daphne Howland • June 2, 2016 -
Lands' End swings to Q1 loss as sales plummet
The clothing retailer reported a Q1 net loss of $5.8 million, fueled by a drop in same-store sales and closures of Lands' End shops within Sears stores.
By Daphne Howland • June 1, 2016 -
Ascena blames sales, traffic woes on poor weather
The owner of Ann Taylor, Loft and others was the latest to lower its outlook and says it has hired Accenture to help figure out what’s next.
By Daphne Howland • June 1, 2016 -
Wal-Mart turning to e-commerce to fuel growth in China
Wal-Mart currently controls just 1.6% of China's overall online retail market, far behind Alibaba at 46.9% and JD.com at 20.1%.
By Daphne Howland • June 1, 2016 -
Deep Dive
With merger hopes dashed, what's next for Staples and Office Depot?
Antitrust concerns ended Staples' plan to acquire rival Office Depot. Now the office supply retailers are scrambling to figure out their next moves.
By Daphne Howland • May 31, 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
Staples CEO to step down
CEO Ron Sargent will exit his position following the company's annual shareholders meeting June 14.
By Kelsey Lindsey , Jason Ankeny • May 31, 2016 -
US consumer spending sees largest boost in 6 years
But retailers’ biggest challenge could be getting consumers to spend on material things rather than experiences.
By Daphne Howland • May 31, 2016 -
Wal-Mart crowned world's largest retailer as Amazon rises
Movement within Forbes’ list of the biggest and most powerful global companies reflects the current challenges in retail.
By Daphne Howland • May 31, 2016 -
Credit Suisse: Whole Foods' new 365 stores could cannibalize flagship sales
The 365 stores provide good value and a compelling customer experience—factors that could keep shoppers out of nearby Whole Foods stores.
By Daphne Howland • May 31, 2016