Financial News: Page 332
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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 -
Retrieved from Amazon on January 19, 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 -
Best Buy holiday sales miss, shares fall 11%
Weak demand for smartphones drove the retailer to lower its sales outlook.
By Daphne Howland • Jan. 14, 2016 -
Pitney Bowes buys cloud software firm to boost shipping logistics for e-commerce
The acquisition of Enroute Systems Corp. will help clients find shipping options and track packages.
By Ian P. Murphy • Jan. 14, 2016 -
Why Hudson's Bay bought Gilt Groupe
The flash-sales concept has more or less collapsed, but the purchase solves one of the model's biggest problems.
By Daphne Howland • Jan. 14, 2016 -
Deep Dive
Can the American department store be saved? 10 retail experts weigh in
After much instability in the space, one thing is clear — change is needed.
By Kelsey Lindsey • Jan. 13, 2016 -
Under Armour falls after analyst cites failure to appeal to women
The note comes as a surprise considering statements that the retailer would be boosting its offerings for women.
By Daphne Howland • Jan. 13, 2016 -
Retail holiday hiring fell again as e-commerce grows
This holiday saw e-commerce sales rise 20%, by some measures.
By Daphne Howland • Jan. 13, 2016 -
Closing stores may not be the saving grace retailers think it is
Many retailers are closing stores in an effort to boost profitability, but the move can have a short-term hit to profits without any guarantee of long-term improvement to performance.
By Daphne Howland • Jan. 13, 2016