Financial News: Page 333
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Bridgestone enters Pep Boys bidding war
The U.S. subsidiary of Japanese tire company Bridgestone has raised its takeover bid to $863 million.
By Daphne Howland • Dec. 15, 2015 -
Best Buy opens Geek Squad airport pop-up in time for holiday travel
The move is part of the retailer’s ongoing effort to boost its high-touch tech service, a promising part of its business.
By Daphne Howland • Dec. 15, 2015 -
Lululemon founder says he considered buying Under Armour
Chip Wilson said he was once eyeing Under Armour when Lululemon’s stock was double what its stock was worth. How things have changed.
By Daphne Howland • Dec. 15, 2015 -
Report: Hudson's Bay trying to buy Gilt Groupe for a fraction of its old value
The companies are just in talks for now, reports the Wall Street Journal.
By Daphne Howland • Dec. 15, 2015 -
Deep Dive
Are New York's extravagant holiday windows worth the effort?
A longtime tradition, New York's department store holiday displays still draw the crowds. But what about sales?
By Kelsey Lindsey • Dec. 14, 2015 -
Kohl's 'Yes2You' loyalty program is fashioning results
The chain's loyalty initiative sources 80% of purchases to existing customers.
By Ian P. Murphy • Dec. 14, 2015 -
Wal-Mart now the largest retailer to sell Apple Watch
The move could be part of Wal-Mart’s ongoing efforts to appeal to a wealthier shopper.
By Daphne Howland • Dec. 14, 2015 -
Men's Wearhouse founder: Jos. A. Bank merger was 'ill-fated'
George Zimmer, the face of the company since its founding in 1973, was ousted in 2013 over disagreements about the company’s direction.
By Daphne Howland • Dec. 14, 2015 -
Iconic L.A. boutique retailer Kitson shuttering
Store closings and going-out-of-business sales have begun, signaling the end of an era.
By Daphne Howland • Dec. 14, 2015 -
Ikea CEO: Online sales to drive 10% of revenue by 2020
The retailer pulled in more than 1 billion euros in online sales last year.
By Kelsey Lindsey • Dec. 11, 2015 -
Retail sales show decent rise in November
Overall retail sales rose 0.2% in November, according to the U.S. Department of Commerce.
By Daphne Howland • Dec. 11, 2015 -
Amazon pitches Prime membership with miniature horse's help
The lonely animal's anguish is assuaged by the two-day delivery of a pet door from Amazon.
By Ian P. Murphy • Dec. 11, 2015 -
Men's Wearhouse hurt by Jos. A. Bank difficulties
An attempt to step away from Jos. A. Bank’s massive “Buy a suit, Get three free” discount is not turning out to be easy.
By Daphne Howland • Dec. 11, 2015 -
Overstock ends sales of hoverboards citing fire hazard concerns
The popular holiday items are exploding—and not in a good way, prompting investigations and warnings from government officials.
By Daphne Howland • Dec. 11, 2015 -
FTC doles out $1.3M in fines to retailers over bamboo rayon
Nordstrom, Bed Bath & Beyond, J.C. Penney, and Backcountry.com will collectively pay the fine to settle allegations of deceptive labeling.
By Daphne Howland • Dec. 11, 2015 -
Warren Buffett buys big stake in Sears REIT
The move makes Buffett the trust’s second-largest shareholder.
By Daphne Howland • Dec. 11, 2015 -
Study: Wal-Mart's imports have cost the US 400,000 jobs
The retailer criticized the study as “an old report with flawed economic analysis.”
By Daphne Howland • Dec. 10, 2015 -
Feds say J.C. Penney misled customers over fiber products
The U.S. Justice Department Federal Trade Commission Wednesday sued J.C. Penney under the federal Textile Fiber Products Identification Act, following a 2010 warning to change its marketing of socks and other textiles.
By Daphne Howland • Dec. 10, 2015 -
Costco dinged by slowed membership growth, credit-card switch
The retailer’s membership model led one retail analyst to deem the retailer “Amazon-proof” just last week.
By Daphne Howland • Dec. 10, 2015 -
Retail exec bringing upscale vibe to Apple stores
Angela Ahrendts has been decisive in her moves, from revitalizing store employee morale to bringing in top-notch peripherals.
By Daphne Howland • Dec. 9, 2015 -
Staples shareholders anxious as FTC moves against deal
Staples' share price fell 14% Monday and another 8% Tuesday.
By Daphne Howland • Dec. 9, 2015 -
Activist investor Carl Icahn angling for Pep Boys
Icahn has acquired one-eighth of Pep Boys' stock and has topped Bridgestone’s $835 million offer. But what's really in it for him?
By Daphne Howland • Dec. 8, 2015 -
Restoration Hardware is getting closer to clothing sales
The retailer’s CEO has been talking about a move into apparel and accessories since the company’s 2012 acquisition of apparel brand Hierarchy.
By Daphne Howland • Dec. 8, 2015 -
FTC moves to block Staples' $6.3B Office Depot merger
The companies say they’ll fight, but any resolution could take years.
By Daphne Howland • Dec. 8, 2015 -
Nordstrom ramps up tech investments with Shoes of Prey financing
Nordstrom’s tech savvy could set it apart from other department stores, many experts say.
By Daphne Howland • Dec. 8, 2015