Financial News: Page 329
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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 -
Retrieved from Target on February 11, 2016Deep 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 -
Retrieved from Ebay on June 04, 2015
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 -
Skechers plans to open as many as 340 stores this year
The company’s shares tumbled on its revenue miss despite a solid sales gain in the fourth quarter.
By Daphne Howland • Feb. 11, 2016 -
Jet is seeing a 40% response rate on feedback e-mails
The online retailer is using StellaService software to send personalized feedback e-mails to customers.
By Ian P. Murphy • Feb. 10, 2016 -
Twitter changes algorithm to present more relevant tweets first
The change may signal the end of organic "reach" for marketers.
By Ian P. Murphy • Feb. 10, 2016 -
NRF predicts 3.1% retail sales growth in 2016
Lower gas prices and more jobs will lead to more spending — just not necessarily in traditional retail categories.
By Kelsey Lindsey • Feb. 10, 2016 -
Out of bankruptcy, American Apparel set to launch new campaign
The brand will promote its "luxury" T-shirt line while still maintaining its "edgy" positioning.
By Ian P. Murphy • Feb. 10, 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 garners EU approval for Office Depot acquisition
But the merger faces continued scrutiny in the U.S. and Canada.
By Daphne Howland • Feb. 10, 2016 -
Deep Dive
What does Wal-Mart owe the towns it leaves? 9 experts weigh in
What obligation—if any—does a business have to the communities it leaves? The answer is not as clear as one might think.
By Kelsey Lindsey • Feb. 10, 2016 -
Saks Off 5th announces first Gilt store-within-a-store
Hudson’s Bay's purchase of the flash-sales company solves problems for Saks and Gilt, especially as Saks looks to compete with (or imitate) Nordstrom.
By Daphne Howland • Feb. 10, 2016 -
Burberry files suit against J.C. Penney over signature plaid
The luxury brand says the chain used exact copies of its traditional plaid pattern on jackets and scarves.
By Ian P. Murphy • Feb. 10, 2016 -
Sears to close more stores in cost-cutting effort
The retailer also said that it’s boosting its apparel offerings to combat weak sales in that area.
By Daphne Howland • Feb. 9, 2016 -
Gap posts fourth quarter sales as Old Navy stumbles
The retailer’s flagship brand shows new signs of life, but faltering sales at Old Navy, which has carried the company for several quarters, is a new concern.
By Daphne Howland • Feb. 9, 2016 -
Nordstrom debuts first TV ad since 2013
The retailer's "See Anew" campaign promotes spring styles.
By Ian P. Murphy • Feb. 9, 2016 -
CVS reports strong Q4 thanks to Omnicare acquisition
CVS continues to suffer from its lack of tobacco sales, but that move, plus others, helps solidify its push to be an all-around health care player.
By Daphne Howland • Feb. 9, 2016 -
Target to launch gender-neutral decor line for kids
Target says this move isn’t driven by a desire to make a political statement, but rather to meet demands from its customers.
By Daphne Howland • Feb. 9, 2016 -
Report: Jessica Alba's Honest Co. preparing an IPO
There’s been talk of an IPO for the company for a couple of years now, but many startups have held off going public until the market settles down.
By Daphne Howland • Feb. 8, 2016 -
Sears losing market share to Goodwill in women's clothing
Many younger women love shopping for second-hand clothes, but Sears risks falling farther behind as rivals pay attention to their women’s apparel lines.
By Daphne Howland • Feb. 8, 2016 -
American Apparel emerges from Chapter 11 as a private company
After years of falling sales and accumulating debt, American Apparel's bankruptcy process now forms the foundation of its turnaround.
By Daphne Howland • Feb. 8, 2016 -
Deep Dive
Retail Therapy: Ikea knows—we're all just there for the food
And a look at the pants that stole the Super Bowl.
By Kelsey Lindsey • Feb. 5, 2016 -
Visa opens retail payments tech to outside developers
Visa Developer will offer devlopers access to hundreds of Visa APIs.
By Ian P. Murphy • Feb. 5, 2016