Financial News: Page 325
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Macy's hires top exec to explore real estate strategies
Macy's continues to face pressure from activist investors to spin off its property holdings.
By Kelsey Lindsey • April 4, 2016 -
Staples bringing Workbar co-working spaces to stores
The move takes advantage of the gig economy and makes good use of Staples’ excess store space.
By Daphne Howland • April 4, 2016 -
Bloomingdale's joins festival pop-up craze
But the upscale retailer is keeping its pop-ups in store, unlike rivals that are setting up at the festivals themselves.
By Daphne Howland • April 4, 2016 -
Wal-Mart struggles to grow as e-commerce threat looms
The retail behemoth saw its revenue dip 0.7% year over year, its first net revenue drop in decades.
By Daphne Howland • April 4, 2016 -
Deep Dive
Retail Therapy: The 'Beyhive' cometh for Lululemon
When Lululemon threw shade at Beyoncé's new athleisure line, Beyoncé fans were not amused.
By Kelsey Lindsey • April 1, 2016 -
Retail job cuts spike 41% in Q1
Challenger Gray and Christmas reports the retail sector suffered dramatic layoffs during the month of March in particular.
By Daphne Howland • April 1, 2016 -
Target shares fall on Barclays downgrade
Target must increase its web sales to improve its performance but is missing its own goals, according to Barclays’ analysts.
By Daphne Howland • April 1, 2016 -
Deep Dive
Why retail is short on women leaders—and what retailers can do about it
Retailers have long been dependent on women consumers—so why is this key demographic underrepresented in retail leadership?
By Kelsey Lindsey • March 31, 2016 -
Lululemon strikes a confident pose in Q4, beating expectations
The retailer projected muted expectations for this year, though.
By Daphne Howland • March 31, 2016 -
Macy's slashes executive incentives to zero after disastrous 2015
CEO Terry Lundgren took a $1.1 million pay cut, down 8.6% from 2014.
By Daphne Howland • March 31, 2016 -
Analyst: Costco's new store credit card could bring new members
Details about the retailer’s switch from American Express to Visa have emerged, and some new benefits could make Costco members even stickier.
By Daphne Howland • March 31, 2016 -
NLRB files complaint against warehousing firm used by Amazon, Lowe's
California Cartage violated workers' right to organize, the complaint says.
By Ian P. Murphy • March 31, 2016 -
L.L. Bean, Amazon, Nordstrom top list for stellar customer service
Free shipping, liberal return policies, and excellent customer service in-store are the hallmarks of retailers scoring well in Prosper Analytics' annual customer service survey.
By Daphne Howland • March 30, 2016 -
Restoration Hardware stumbles on inventory snafus, tighter pursestrings
The strong dollar and other financial headwinds pose a bigger concern than shipping delays, the retailer said.
By Daphne Howland • March 30, 2016 -
Lululemon testing fashion for outside the yoga studio
Some of its new apparel seems a lot like Kit and Ace, the performance fashion retailer launched by Lululemon founder and former-CEO Chip Wilson’s family.
By Daphne Howland • March 30, 2016 -
Neiman's marketing chief calls it quits
Wanda Gierhart spearheaded the company's omnichannel efforts and its Snap.Find.Shop. visual search app.
By Ian P. Murphy • March 29, 2016 -
TreasureHunt malware strain stealing swipe payment data
Cybersecurity experts said the malware intercepts consumer credit card information from POS systems.
By Ian P. Murphy • March 29, 2016 -
Report: Facebook Messenger set to support in-store payments
The popular chat app would process payments for items to be picked up in stores.
By Ian P. Murphy • March 29, 2016 -
UPDATE: California Assembly approves $15-per-hour minimum wage; NY gets closer too
The National Retail Federation opposes legislating a national rate for hourly workers, preferring the option to stay with retailers.
By Daphne Howland • March 29, 2016 -
Restoration Hardware launches paid membership program, ends sales
Many experts say it’s the wave of the future, but how many memberships will even wealthy households pay for?
By Daphne Howland • March 29, 2016 -
Wal-Mart beats back Puerto Rico tax
A federal judge agreed that the tax seemed aimed at Wal-Mart in particular, and invalidated it.
By Daphne Howland • March 29, 2016 -
Spending muted in February as cautious Americans save more
Wage stagnation and timid spending has been the story for a while now, and American consumers are, apparently, sticking to it.
By Daphne Howland • March 28, 2016 -
Judge takes major issue with FTC in Staples/Office Depot proceedings
According to the judge, the FTC asked Amazon to lie and say it wasn’t ready to service businesses’ office supplies needs. The truth is, Amazon does seem ready.
By Daphne Howland • March 28, 2016 -
Finish Line commits $15m to boost digital efforts
Beyond fierce competition in the sportswear space, the retailer also faces self-inflicted logistics challenges.
By Daphne Howland • March 28, 2016 -
Retrieved from Ebay on August 01, 2014
Fab co-founder Shellhammer scooped up by eBay
Shellhammer's hire is a good fit considering eBay's push to get more creative in its curation and collections efforts.
By Daphne Howland • March 28, 2016