Financial News: Page 323
-
Lands' End shuffles exec ranks, hires new CMO
Becky Gebhardt, who’s been at the retailer since 1991, will be the new EVP and chief marketing officer.
By Daphne Howland • June 22, 2016 -
Deutsche Bank: Amazon set to eclipse Best Buy as top consumer electronics retailer
Consumer electronics sales grew 28% at Amazon in 2015, compared to same-store sales increases of 4.3% at Apple and 3.8% at Best Buy.
By Daphne Howland • June 22, 2016 -
Starwood asking $1.2B for package of regional malls
Among them are malls acquired from Westfield three years ago.
By Daphne Howland • June 22, 2016 -
Report: Modell's, Sports Direct considering joint bid for Sports Authority
The bankrupt sporting goods retailer is also trying to auction off its naming rights to Denver’s “Mile High Stadium.”
By Daphne Howland • June 21, 2016 -
LinkedIn: Apple, Amazon among most attractive employers
Today’s employees value flexible workplaces and strong leadership over top salaries and traditional office perks, according to LinkedIn survey data.
By Daphne Howland • June 21, 2016 -
Apple gets clearance to open stores in India
India's new foreign investment rules apply to all overseas retailers, giving them three years to meet requirements to locally source 30% of store goods.
By Daphne Howland • June 21, 2016 -
Supreme Court orders Labor Dept. to clarify overtime rule change
The agency may have overstepped its own precedent in allowing overtime pay for certain types of auto dealership salespeople.
By Daphne Howland • June 21, 2016 -
Deep Dive
How Ralph Lauren ended up needing a 'Way Forward' plan
The sartorial empire built on one man's exquisite taste faces a need for change and a new kind of consumer.
By Daphne Howland • June 20, 2016 -
UPDATE: Wal-Mart sells Chinese e-commerce site to Alibaba rival JD.com
A deal between JD.com and Wal-Mart China could help the retailers compete with Alibaba in the country's competitive e-commerce landscape.
By Daphne Howland • June 20, 2016 -
Cabela's confirms possible sale in SEC filing
Cabela's investor Elliott Management is said to be urging a sale or other approaches to unlocking value.
By Daphne Howland • June 20, 2016 -
Lumber Liquidators soars as CPSC investigation ends
The embattled retailer is slowly but surely putting its toxic flooring debacle behind it.
By Daphne Howland • June 20, 2016 -
Alibaba payments unit to buy 20% of Thailand's Ascend
Alipay, a division of Ant Financial Services Group, also wants an option to eventually increase that stake to 30%.
By Dan O'Shea • June 19, 2016 -
Costco begins new era with Visa, Citi, waves goodbye to AmEx
Costco Wholesale today teams with Visa and Citigroup as its 17-year partnership with American Express comes to an end.
By Dan O'Shea • June 19, 2016 -
Deep Dive
Retail Therapy: Deep-fried Twinkies are coming soon to a Wal-Mart near you
The decadent snack will be sold exclusively at Wal-Mart for a year. This, and more, in this week's Retail Therapy.
By Kelsey Lindsey • June 17, 2016 -
Amazon targets Portland for third brick-and-mortar store
The forthcoming store follows the opening of Amazon's first brick-and-mortar location in its hometown of Seattle and plans for a second site in San Diego.
By Daphne Howland • June 17, 2016 -
Report: Malls without lifeline as billions in debt come due
Department store prospects, the rise of e-commerce, and the shopping-mall model are making lenders leery.
By Daphne Howland • June 17, 2016 -
Rite Aid revenues increase 23% but miss analyst expectations
The retailer's shares increased earlier this month on reports that its proposed $17 billion acquisition by rival Walgreens will earn FTC approval.
By Daphne Howland • June 17, 2016 -
Wal-Mart eliminating back-office jobs in 500 US stores
The retail giant is cutting accounting and invoicing jobs, and shifting affected staffers to customer-facing positions.
By Daphne Howland • June 16, 2016 -
Macy's avoids strike at Manhattan flagship
Macy's workers already have some of the best benefits and pay in retail, and they are fighting to ensure that remains.
By Daphne Howland • June 16, 2016 -
Zara parent beats expectations on 12% sales rise
Inditex’s business model and e-commerce operations helped it escape the troubles many of its peers have seen recently.
By Daphne Howland • June 15, 2016 -
Alibaba founder claims counterfeits superior to authentic goods
"Fake products today are of better quality and better price than the real names,” Jack Ma said. “They are exactly the [same] factories, exactly the same raw materials, but they do not use the names.”
By Daphne Howland • June 15, 2016 -
Bed Bath & Beyond acquires flash site One Kings Lane
The all-cash deal is further evidence of the swift rise and fall of the flash sales model.
By Daphne Howland • June 15, 2016 -
Neiman Marcus profits plummet 81% on slow apparel sales
Same-store sales fell 5% in the luxury retailer's fiscal third quarter, its third straight quarter of declines.
By Daphne Howland • June 15, 2016 -
Birchbox scales back expansion as competition intensifies
The company started the subscription box trend in retail, but is now seeing a crop of rivals challenge its ambitions for growth.
By Kelsey Lindsey • June 15, 2016 -
The Container Store rolls out Theatro employee wearables nationwide
After a one-store pilot program going back three years, the storage retailer is supplying smart wearable devices to employees in more than 70 of its 80 stores nationwide.
By Dan O'Shea • June 15, 2016