Financial News: Page 332
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Lululemon stock shoots up 6.5% during volatile day
Monday was an up-and-down day on Wall Street, but Lululemon's stock rose on the news that several analysts had upgraded their outlooks.
By Daphne Howland • Jan. 5, 2016 -
Amazon falls 6% after downgrade
The company's stock fell after analysts questioned whether its growth investments would deliver in 2016 as they did last year.
By Daphne Howland • Jan. 5, 2016 -
Target names new chief stores officer amid turnaround efforts
Long-time head of stores Tina Tyler won’t be sticking around, as CEO Brian Cornell continues to reshape his leadership team.
By Daphne Howland • Jan. 5, 2016 -
China stocks fall, triggers global tumble
China has been the stage for major expansions by several retailers, thanks to a burgeoning middle class, and many worry that a slowdown in its economy, the world’s second largest, could spell trouble.
By Daphne Howland • Jan. 4, 2016 -
El Niño's warm weather is costing retailers $500M
And the hit will continue into the spring and fall, experts say.
By Daphne Howland • Jan. 4, 2016 -
Target to focus on opening small, urban stores in 2016
Last year, the company did away with specialized names “CityTarget” and “TargetExpress,” rebranding every store to just “Target” regardless of size or location.
By Daphne Howland • Jan. 4, 2016 -
Tech-based retail startups could face a tough year
Tech and web-based startups in 2016 could struggle to garner the kind of private funding they’ve enjoyed in recent years, and the reception for IPOs may not be much warmer.
By Daphne Howland • Jan. 4, 2016 -
Icahn wins Pep Boys for $1B plus
For Pep Boys, the deal likely means major change.
By Daphne Howland • Dec. 31, 2015 -
Amazon happily shares some solid holiday numbers
Last week the e-commerce giant sent out a boastful holiday missive with a litany of its accomplishments.
By Daphne Howland • Dec. 28, 2015 -
Heavy numbers of holiday orders slow USPS site
The postal service’s tracking site was slow at one point Tuesday morning due to 'unprecedented' demand.
By Daphne Howland • Dec. 23, 2015 -
Abercrombie ends its CEO search
The teen retailer is also shaking up its executive team.
By Daphne Howland • Dec. 23, 2015 -
J.C. Penney appoints new CIO
The former Target executive will be Penney's fifth CIO since 2011.
By Ian P. Murphy • Dec. 22, 2015 -
Apple veteran will help Alibaba head off counterfeits
IP wunderkind has helped Apple, Pfizer fight fakes in the past.
By Ian P. Murphy • Dec. 22, 2015 -
FTC rejects Staples' revised deal to buy Office Depot
Staples says it's willing to divest business contracts worth $1.25 billion, up from $500 million.
By Daphne Howland • Dec. 22, 2015 -
Wal-Mart taps new marketing chief
The company is turning to company veteran Tony Rogers, who may be set to make some big changes to the retailer’s U.S. marketing approach.
By Daphne Howland • Dec. 21, 2015 -
Retailers continue to slash prices as Christmas looms
With consumers patient and keen on discounts and time running out, retailers have little choice.
By Daphne Howland • Dec. 21, 2015 -
US trade office warns Alibaba over fakes
Although the U.S. Trade Representative’s report didn’t name Alibaba on its blacklist, it did say the Chinese conglomerate and its online marketplaces need to work harder to excise counterfeits.
By Daphne Howland • Dec. 18, 2015 -
Hedge fund Cerberus throws a lifeline to struggling Avon
The $605 million dollar deal could help salvage the company’s fortunes.
By Daphne Howland • Dec. 18, 2015 -
Apple alters top management
The change-up is not so much a shift in strategy but a continuation of the mark Cook is making on the company since the death of founder-CEO Steve Jobs.
By Daphne Howland • Dec. 18, 2015 -
'Secret Santas' paying off layaway orders nationwide
Anonymous donors and charities aim to take some pressure off struggling families during the holidays.
By Daphne Howland • Dec. 17, 2015 -
One Kings Lane lays off more staff, top execs
The developments highlight the limits of the flash-sales model.
By Daphne Howland • Dec. 17, 2015 -
CVS Health completes acquisition of Target pharmacy, clinic business
CVS may be the poster child for a new healthcare retail environment that has several drugstores rebranding themselves more broadly as medical and wellness clinics.
By Daphne Howland • Dec. 17, 2015 -
What the Federal Reserve's interest rate hike means for retailers
The increase, and the likelihood of future increases in 2016, is expected to negatively impact consumer lending and spending, and tighten the fundraising environment for retail startups.
By Kelsey Lindsey • Dec. 16, 2015 -
Study: 40% of consumers say they'll spend less if interest rates rise
A rate hike could help head off inflation and would be a sign that the Fed has faith in the economy. But retailers could be hit hard in the aftermath.
By Daphne Howland • Dec. 16, 2015 -
Warm weather brings not-too-sunny forecast for apparel sales
Sweaters, boots, and coats could see some extreme discounts by January, and spring weather could confound retailers again.
By Daphne Howland • Dec. 16, 2015