Financial News: Page 334
-
Twitter said to be ready to turn it up to 10,000 (characters)
The expanded character limit may help the platform grow its user base and compete for ad dollars.
By Ian P. Murphy • Jan. 6, 2016 -
UPDATE: Online furniture retailer Hem sold
The retailer, brainchild of Fab.com founder Jason Goldberg, may have been ahead of its time.
By Daphne Howland • Jan. 6, 2016 -
Investment firm KKR to buy Midwestern farming and hunting chain Mills Fleet Farm
The 61-year-old company may need cash to fuel growth plans as the hunting-fishing-sportsgear space gets tough.
By Daphne Howland • Jan. 5, 2016 -
Retrieved from Walmart on January 05, 2016
After viral success, Wal-Mart launches new baked goods with Patti LaBelle
The retail giant is looking to boost its food offerings, which make up 56% of its U.S. store sales.
By Ian P. Murphy • Jan. 5, 2016 -
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