Financial News: Page 329
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RadioShack CEO leaving after less than a year
Ron Garriques says he’s leaving “to pursue other interests in a role that will put him back closer to his family,” but it’s not clear what that means for the recently reborn retailer.
By Daphne Howland • Jan. 22, 2016 -
Amid skepticism, Avon and Cerberus outline turnaround plans
Shares of Avon Products shot up after the beauty retailer unveiled plans to cut around $350 million in costs.
By Daphne Howland • Jan. 22, 2016 -
Target's bullseye getting bigger with tech hires, consumer research
CEO Brian Cornell is visiting the homes of Americans in cities, meeting Hispanic and millennial households.
By Daphne Howland • Jan. 22, 2016 -
Labor judge rules Wal-Mart worker strikes lawful
The retailer, which will appeal the ruling, must reinstate workers and give them back pay.
By Daphne Howland • Jan. 22, 2016 -
Amazon offers refunds on hoverboards after fire hazards
A U.S. Consumer Product Safety Commission investigation is examining the self-balancing scooters for safety.
By Ian P. Murphy • Jan. 22, 2016 -
Google's 'Real-Time Ads' to offer instant updates
Marketers will be able to update elements to track trending topics.
By Ian P. Murphy • Jan. 21, 2016 -
Apple applies to establish its own stores in India
The country is one of the fastest-growing markets for mobile sales, thanks to a growing middle class and a tech-savvy, mobile-first millennial generation.
By Daphne Howland • Jan. 21, 2016 -
Star Wars helps toy sales handily beat expectations in 2015
Star Wars-related toys enjoyed some $700 million in U.S. sales.
By Daphne Howland • Jan. 21, 2016 -
UPDATE: American Apparel founder criticizes the retailer in court
Dov Charney says the retailer isn't giving fair consideration to a takeover bid from investors because they favor reinstating him.
By Daphne Howland • Jan. 21, 2016 -
Wal-Mart to raise hourly pay for 1.2 million workers
If the company is to appeal to wealthier customers, it will need store employees who are happy and well trained. But it has a lot of catching up to do.
By Daphne Howland • Jan. 21, 2016 -
Tiffany to cut jobs as holiday sales disappoint
The strong dollar and economic troubles in China will likely continue to hit upscale retailers like Tiffany.
By Daphne Howland • Jan. 20, 2016 -
J.C. Penney to re-enter appliance sales after 33 years
The move is the first major initiative by CEO Marvin Ellison, who arrived in August from Home Depot to boost growth.
By Daphne Howland • Jan. 20, 2016 -
Macy's shares get a lift after hedge fund investment
The investment puts more focus on the company’s real estate portfolio, but not so much on its retail strategy.
By Daphne Howland • Jan. 20, 2016 -
Deep Dive
NRF 2016: Why brick-and-mortar retail faces a shakeout
Expect turnarounds, bankruptcies, and store closings to dominate the headlines in 2016.
By Davide Savenije • Jan. 20, 2016 -
The first appliances in Amazon's Dash Replenishment program go live
Amazon appears to be betting on the idea that it can bypass other retailers if they eliminate the need for consumers to actively make necessary-yet-unexciting purchases.
By Ian P. Murphy • Jan. 19, 2016 -
Adidas names former Henkel chief as new CEO
Kasper Rorsted has many admirers and a good track record, but faces the challenge of regaining market share lost to Under Armour.
By Daphne Howland • Jan. 19, 2016 -
December sales dip as consumers end the year more cautious
Many consumers are pocketing their fuel savings rather than plowing it into spending, due in part to stagnate wages.
By Daphne Howland • Jan. 19, 2016 -
Lululemon hires former Target digital exec
Alan Wizemann helped develop Target's popular Cartwheel app.
By Ian P. Murphy • Jan. 18, 2016 -
Deep Dive
Retail Therapy: El Chapo's fabulous shirt choice and a finger-losing Wal-Mart brawl
Every week, we bring you some of the most interesting retail reads from around the Web.
By Kelsey Lindsey • Jan. 15, 2016 -
Wal-Mart to close 269 stores, shut down 'Walmart Express'
The retail giant plans to turn its focus to boosting Supercenters, fine-tuning Neighborhood Markets, growing its e-commerce operations, and expanding in-store pickup.
By Davide Savenije • Jan. 15, 2016 -
China, e-commerce bolster Burberry's sales growth
Economic uncertainties have hit most luxury brands hard.
By Ian P. Murphy • Jan. 15, 2016 -
American Apparel board rejects takeover bid from Charney-allied investors
Meanwhile, the bankruptcy judge overseeing the retailer’s restructuring says Charney and witnesses favorable to his return can testify at a hearing scheduled for Jan. 20.
By Daphne Howland • Jan. 15, 2016 -
Lowe's to hire 15% more seasonal workers this year
The retailer has also hired a new chief human resources officer.
By Daphne Howland • Jan. 15, 2016 -
Kohl's to replace J.C. Penney as Academy Awards sponsor after 14 years
The move will support the relaunch of the chain's private-label Sonoma brand.
By Ian P. Murphy • Jan. 15, 2016 -
Tiffany emphasizes trademarks in new marketing campaign
The luxury jeweler recently sued Costco over the use of its name, which has become a common descriptor.
By Ian P. Murphy • Jan. 14, 2016