Financial News: Page 323
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US government deems all hoverboards 'unsafe'
The U.S. Consumer Product Safety Commission has deemed hoverboards unsafe and says that manufacturers of the self-balancing scooters should get UL certification before selling them.
By Daphne Howland • Feb. 22, 2016 -
Deep Dive
Retail Therapy: Red Lobster basks in that Beyoncé glow
Every week, we bring you the best retail reads from around the Web.
By Kelsey Lindsey • Feb. 19, 2016 -
Kmart gets into the liquidation business
The struggling retailer bought thousands of grills, lighting, and other products from bankrupt Brinkmann to pass on savings to its customers.
By Daphne Howland • Feb. 19, 2016 -
Nordstrom pledges cost-cutting as earnings disappoint
Nordstrom seemed to have shrugged off the troubles plaguing American department stores, but its last two quarters show that it may not be immune after all.
By Daphne Howland • Feb. 19, 2016 -
Amazon workers appeal to Bezos to improve corporate culture
A new website is dedicated to bringing negative workplace details to light, and suggests workers will formally organize a union if their efforts prove futile.
By Daphne Howland • Feb. 19, 2016 -
Deep Dive
New opportunities, old obstacles, for retailers in Iran
By pushing to lift decades-old sanctions against Iran, the U.S. has cleared the way for billions of dollars in new trade. But American retailers won’t be privy to the new openness any time soon.
By Daphne Howland • Feb. 18, 2016 -
Wal-Mart misses expectations, stock tumbles
Despite ongoing efforts to ramp up e-commerce and the store experience, Wall Street was unimpressed with Wal-Mart's showing in the fourth quarter.
By Daphne Howland • Feb. 18, 2016 -
Are there too many luxury stores?
Despite evidence that luxury retail has a long-term growth problem and could be over-stored, Neiman Marcus has boldly opened a new store on Long Island.
By Daphne Howland • Feb. 18, 2016 -
Ex-Lululemon CEO advising Adidas on female-focused retail strategy
Christine Day's expertise in the female athleisure category makes her a natural fit for the consulting role with the German sportswear giant.
By Daphne Howland • Feb. 18, 2016 -
Sports Authority closing stores as it works to avoid bankruptcy
Sports Authority appears to be buckling under the pressure of an increasingly competitive sports apparel retail environment plus a crippling debt load.
By Daphne Howland • Feb. 18, 2016 -
Deep Dive
How great is Kohl's 'Greatness Agenda'?
Kohl's has a lot of advantages over other department stores, but sluggish sales continue to bog down its turnaround.
By Daphne Howland • Feb. 17, 2016 -
Nike to sponsor Portland's new bikeshare program
The deal christens the 1,000-bike program "Biketown."
By Ian P. Murphy • Feb. 17, 2016 -
Report: Amazon preparing to launch its own clothing line
Last year Amazon’s Fashion VP said an apparel line was possible. Now that seems to be coming true.
By Daphne Howland • Feb. 17, 2016 -
Deep Dive
What's next after Wal-Mart's store closings
When it comes to growth, has Wal-Mart hit a plateau?
By Daphne Howland • Feb. 16, 2016 -
Online athleisure retailer Fabletics planning 100 more stores
The company has received complaints from customers, who find they’re subject to difficult-to-opt-out monthly charges and deliveries.
By Daphne Howland • Feb. 16, 2016 -
Snapdeal raises another $200M as e-commerce in India heats up
India presents retailers with immense growth opportunities, including some advantages that can’t be found in China.
By Daphne Howland • Feb. 16, 2016 -
PopSugar has plans to become the 'iTunes of fashion'
With the acquisition of mobile shopping platform Cosmic Cart, PopSugar’s ShopStyle discovery-based fashion site could drive even more sales in apparel and accessories.
By Daphne Howland • Feb. 16, 2016 -
Kohl's cuts three leadership positions after weak holiday season
The eliminations come as the mid-tier department store continues to struggle to make strides in its turnaround.
By Daphne Howland • Feb. 16, 2016 -
Victoria's Secret CEO abruptly resigns, leaving reins to Wexner
Sharen Jester Turney was with the lingerie brand for 16 years, and in the top spot for the last 10.
By Kelsey Lindsey • Feb. 12, 2016 -
Retail sales increase in January, beating expectations
Apparel sales last month likely got a bump from colder weather.
By Daphne Howland • Feb. 12, 2016 -
High profits: Colorado marijuana sales approach $1B
The state saw $996,184,788 in sales of recreational and medical cannabis in 2015, according to Colorado's Department of Revenue.
By Daphne Howland • Feb. 12, 2016 -
Avon shares fall as losses mount
The company is facing headwinds in its international business.
By Daphne Howland • Feb. 12, 2016 -
Deep Dive
Why Target sold out to CVS
CVS Health's acquisition of Target's pharmacies allows the big-box retailer to concentrate on its core goals.
By Daphne Howland • Feb. 11, 2016 -
Amazon shares rise on new stock buyback program
The e-retail giant could be looking to appease disappointed investors, or to show that it believes its stock is undervalued.
By Daphne Howland • Feb. 11, 2016 -
EBay CEO outlines turnaround plan
CEO Devin Wenig promised changes that make the marketplace retailer sound a lot like Amazon.
By Daphne Howland • Feb. 11, 2016