Financial News: Page 334
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JustFab reviewing practices after accusations of deceptive tactics
An audit of the online retailer was sparked by shopper complaints to the Better Business Bureau on its subscription service.
By Barbara Thau • Nov. 2, 2015 -
Retailers sweetening the pot to attract holiday workers
With fewer workers looking for part-time season work, retailers are offering better wages and more hours to get the staffing they need.
By Daphne Howland • Nov. 2, 2015 -
Fed seems unlikely to raise interest rates this year
The U.S. economy doesn’t need any help putting on the brakes, with income stagnation and a strong dollar helping with that, for good and for ill.
By Daphne Howland • Nov. 2, 2015 -
Morgan Stanley predicts a bleak holiday season for most retailers
Some retailers are in a good position to do well this year, but consumers aren’t likely to spend much on apparel or winter gear, the investment bank says.
By Daphne Howland • Nov. 2, 2015 -
CVS misses profit estimates on lower reimbursements, generic drugs
The drugstore retailer’s report comes the same week that rival Walgreens announced it would acquire Rite-Aid.
By Daphne Howland • Oct. 30, 2015 -
Macy's to again open on Thanksgiving
The retailer will open for the third year in a row on a day that some retailers say should be left alone.
By Daphne Howland • Oct. 30, 2015 -
Wal-Mart's holiday strategy doesn't include free shipping
The retailer won’t be joining Target and others in offering free shipping, or even a lower minimum, on holiday orders.
By Daphne Howland • Oct. 30, 2015 -
Deep Dive
What the Rite Aid deal means for Walgreens and the future of retail healthcare
If the deal passes antitrust scrutiny, Walgreens-Rite Aid would account for 41% of the pharmacy and drugstore business.
By Kelsey Lindsey • Oct. 29, 2015 -
Ikea debuts toy line inspired by children's drawings
The line reflects a growing movement towards "conscious capitalism."
By Barbara Thau • Oct. 29, 2015 -
Urban Outfitters ends on-call shifts at all stores
The move comes three weeks after its announcement that the practice would end in New York.
By Daphne Howland • Oct. 29, 2015 -
Resale startup Poshmark launches wholesale portal
CEO-co-founder Manish Chandra said the expansion into new merchandise will be a boon to brands and the site.
By Daphne Howland • Oct. 29, 2015 -
Chico's taps Wal-Mart retail vet as CEO
Shelley Broader brings an impressive resume to Chico’s.
By Daphne Howland • Oct. 29, 2015 -
Amazon may develop its own private-label clothing lines
The site is having some trouble expanding its fashion sales.
By Daphne Howland • Oct. 29, 2015 -
Outdoor Research follows REI, to close on Black Friday
Another Seattle-based outdoor retailer, owned by former Nordstrom CEO and heir Dan Nordstrom, calls REI’s move “monumental.”
By Daphne Howland • Oct. 29, 2015 -
J.C. Penney betting on tech to restore billions in lost sales
CEO Marvin Ellison is focusing on modernizing operations to stay competitive: "We were heavy on art, not good at science."
By Barbara Thau • Oct. 29, 2015 -
Online auction upstart Paddle8 garners $34M
The company sees itself as a disruptive force in the collectibles market.
By Daphne Howland • Oct. 28, 2015 -
Apple earnings up thanks to iPhone 6
And its momentum could continue, despite some doubts on Wall Street.
By Daphne Howland • Oct. 28, 2015 -
Kohl's turnaround efforts include smaller stores, more outlets
The retailer is opening Fila sportswear stores and off-price stores in an effort to inject new energy into its comeback.
By Daphne Howland • Oct. 28, 2015 -
Target CEO on stores: 'We owed our guests a better presentation'
Brian Cornell said mannequins and higher end merchandising displays are boosting sales in stores.
By Barbara Thau • Oct. 28, 2015 -
Deep Dive
Three retail trends that are not quite working out
While some retail trends stick around, some, like these three, might end up riding off into the sunset.
By Daphne Howland • Oct. 27, 2015 -
UPDATED: Walgreens confirms deal to buy Rite Aid
The deal values Rite Aid at $9.4 billion.
By Kelsey Lindsey • Oct. 27, 2015 -
Deutsche Bank: US holiday spending could be best since the recession
The analysis goes against many other reports that are predicting a somewhat-dire holiday season for retailers.
By Daphne Howland • Oct. 27, 2015 -
Bridgestone to buy Pep Boys auto-parts chain for $835M
The deal would solidify the Japanese tire and auto-parts company’s business in the U.S.
By Daphne Howland • Oct. 27, 2015 -
Report: Wholesale spinoff could save Staples-Office Depot deal
Without some type of side deal to spin off the contract business supplies trade, the proposed acquisition of Office Depot by Staples is likely questionable.
By Daphne Howland • Oct. 27, 2015 -
REI to close on Black Friday (Yes, Black Friday)
The outdoor and sportswear retailer, a privately held co-operative, has launched the hashtag #OptOutside to coincide with its decision.
By Daphne Howland • Oct. 27, 2015