Financial News: Page 324
-
Deep Dive
Retail Therapy: Dolce & Gabbana's 'slave sandal' and Steve Harvey's eggs
Every week, we bring you the most interesting retail reads from around the Web.
By Kelsey Lindsey • March 4, 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 closing 50 stores amid dim outlook, falling sales
The retailer saw a profit in the fourth quarter that still missed expectations and said this quarter would also see sales fall.
By Daphne Howland • March 4, 2016 -
Barnes & Noble to shutter fewer stores than expected, new prototype stores coming
Despite a botched website relaunch, the retailer is hanging in there with a strong Q3, helped by sales of paperbacks and non-book goods.
By Daphne Howland • March 4, 2016 -
Consumer confidence drops on economic insecurities
The index’s snapshot of consumer sentiment suggests that the economy’s bounce from the Great Recession is not reaching everyone sufficiently.
By Daphne Howland • March 4, 2016 -
Costco raising minimum starting hourly pay
While Costco institutes wage increases for the top end of its pay scale every year, it's been nine years since the low end has seen a hike.
By Daphne Howland • March 4, 2016 -
American Eagle reports healthy Q4, even healthier expectations
The teen apparel retailer is being boosted by sales at its Aerie brand, which features "real" women as models and eschews photoshopping in promotions.
By Daphne Howland • March 3, 2016 -
Target announces major changes to enhance in-store experience
The retailer, which also announced a collaboration with Finnish design company Marimekko, says it aims to be Americans’ all-around retailer.
By Daphne Howland • March 3, 2016 -
Costco misses expectations as wealthier shoppers tighten purse strings
Members appear to be scaling back spending as the volatile stock market hits their wallets.
By Daphne Howland • March 3, 2016 -
Theft-prevention tag maker Checkpoint acquired for $443m
Checkpoint Systems offers advanced RFID inventory control systems that help retailers track and secure merchandise from source to shelf.
By Ian P. Murphy • March 3, 2016 -
Why low gas prices don't bug Costco
Low fuel prices hurt the warehouse retailer less than other station retailers, for a number of reasons.
By Daphne Howland • March 2, 2016 -
Abercrombie shows surprising strength in Q4
The retailer’s merchandising changes have enabled it to ease up on heavy discounting in addition to selling more, according to its report.
By Daphne Howland • March 2, 2016 -
ModCloth hires 3 execs to help with brick-and-mortar expansion
The retailer enjoys a strong sense of self and loyalty among its shoppers, which it calls its “community.”
By Daphne Howland • March 2, 2016 -
Deep Dive
Was Ron Johnson right?
Ron Johnson’s time at J.C. Penney is universally seen as a disaster. But what if some of the ideas he had are exactly what department stores need today?
By Kelsey Lindsey • March 1, 2016 -
Sports Authority files for bankruptcy
The company will close or sell around 140 stores in the upcoming months.
By Kelsey Lindsey • March 1, 2016 -
Jet buys home furnishings e-retailer Hayneedle
The acquisition brings the upstart online marketplace an array of household goods.
By Ian P. Murphy • March 1, 2016 -
Report: Sports Authority may sell stores to Dick's
But nothing will happen until the struggling Sports Authority files for bankruptcy, sources told Bloomberg.
By Daphne Howland • March 1, 2016 -
Dollar Tree misses expectations after Family Dollar acquisition
Even an improving economy is failing to dent consumers' need for low prices.
By Daphne Howland • March 1, 2016 -
Amazon unsettles UK grocery market with Morrisons deal
The U.K. supermarket space is seeing turmoil, with pricing and delivery wars rampant.
By Daphne Howland • March 1, 2016 -
Lumber Liquidators taps Lowe's vet during 'pivotal time'
Dennis R. Knowles comes aboard as COO amid worse-than-expected sales and fears of a cancer risk in the retailer's laminate flooring.
By Daphne Howland • March 1, 2016 -
Amazon veteran joins Target in supply chain fix
Arthur Valdez has been an operations executive at Amazon for 16 years.
By Daphne Howland • March 1, 2016 -
Cardlytics unveils consumer insights data product
The data intelligence provider's Platform Solutions will measure the impact of campaigns and help hone segmentation.
By Ian P. Murphy • Feb. 29, 2016 -
Wayfair reports strong sales as more customers return to buy
The e-retailer and its sites benefited greatly from strong holiday sales, and its repeat-customer number is especially notable.
By Daphne Howland • Feb. 29, 2016 -
Zappos wants to make Leap Day a national holiday
The company gave all of its 1,600 employees Feb. 29 off, including those at its 24-hour, seven-days-a-week call center.
By Daphne Howland • Feb. 29, 2016 -
J.C. Penney's luxury it can now afford: paying down debt
In its earnings report last week, the rebounding retailer put an emphasis on cost-trimming and debt reduction.
By Daphne Howland • Feb. 29, 2016 -
Wal-Mart to train store managers in new customer service academies
The move comes as the retailer is spending $1 billion on boosting wages and training for workers.
By Daphne Howland • Feb. 29, 2016