Financial News: Page 335
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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 -
Two years after Rana Plaza, garment factories in Bangladesh remain unsafe
Quartz reports that fire hazards and structural weaknesses in buildings still remain.
By Daphne Howland • Oct. 26, 2015 -
Lord & Taylor enters the off-price game
The first “Find @ Lord & Taylor” store will open next month in Paramus, NJ.
By Daphne Howland • Oct. 26, 2015 -
Wal-Mart streamlining stores, targeting higher-income shoppers
But the question remains: Is all that going to help Wal-Mart meet its new goals?
By Daphne Howland • Oct. 26, 2015 -
Westfield creates new data team to help digitize malls
The mall owner aims to create personalized and immersive shopping experiences with a dedicated analytics team.
By Barbara Thau • Oct. 26, 2015 -
J.C. Penney cuts 9% of headquarter jobs
The layoffs reflect the first big move by new CEO Marvin Ellison, on a mission to restore profitability at the chain.
By Barbara Thau • Oct. 26, 2015 -
Walgreens using interactive mapping tech to spot local trends
The retailer taps geo-location analytics to enhance its competitive edge.
By Barbara Thau • Oct. 23, 2015 -
Under Armour has first $1B sales quarter
The company said that its expanding roster of high-profile athlete endorsements and footwear sales helped boost sales.
By Daphne Howland • Oct. 23, 2015 -
GNC accused of selling supplements laced with chemical ingredients
The retailer says the suit is without merit.
By Daphne Howland • Oct. 23, 2015 -
Amazon beats estimates with surprise profit
It’s hard not to compare the e-retail giant’s fortunes to those of Wal-Mart, whose stock took a beating in recent days as investors question its potential for growth.
By Daphne Howland • Oct. 23, 2015 -
Target now shipping to Canada—but is it another misfire?
Target's website allows Canadians to order goods, but with much higher prices and shipping than at Target’s U.S. stores and website.
By Daphne Howland • Oct. 23, 2015 -
Diversity veteran tapped to improve Abercrombie hiring practices
Jeanetta Darno has 22 years of experience guiding companies in diversity and inclusion.
By Daphne Howland • Oct. 22, 2015 -
Amazon evades trademark suit over search results
After reversing an earlier decision, the court found that Amazon didn't violate the trademarks of a watchmaker in its search results.
By Daphne Howland • Oct. 22, 2015 -
EBay cheers investors with better-than-expected Q3
Profits were down, but not as much as expected. And most importantly, eBay is still growing.
By Daphne Howland • Oct. 22, 2015 -
Lululemon taps first creative director amid exec reorganization
The retailer has been dealing with increased competition, falling margins, and quality issues.
By Daphne Howland • Oct. 22, 2015 -
Bucking the trend, Amazon boosting holiday hiring by 25%
While many retailers are keeping their holiday hiring even with last year, Amazon will add 100,000 seasonal jobs.
By Daphne Howland • Oct. 21, 2015 -
Global Nike goes for the 'buy local' market
Adding local flavor can help national retailers give each location a more communal vibe—and possibly increase sales.
By Daphne Howland • Oct. 21, 2015 -
Target partnering with MIT for food-related research
The retailer is looking at innovation as one path to improve its grocery business.
By Daphne Howland • Oct. 21, 2015 -
Report: Matching Wal-Mart's raises could cost retailers $4B
There’s good news though for retail companies already paying workers beyond the federal minimum wage, according to the Hay Group.
By Daphne Howland • Oct. 20, 2015 -
Amazon battles with the Times over harsh exposé
New York Times executive editor Dean Baquet and Amazon spokesperson Jay Carney Monday posted dueling arguments on blog platform Medium.
By Daphne Howland • Oct. 20, 2015 -
More retailers join White House climate pledge
The new commitments come as President Obama continues to build support for the United Nations climate negotiations.
By Daphne Howland • Oct. 20, 2015 -
Alibaba fighting to stay off US blacklist for counterfeits
Groups are telling the U.S. Trade Representative that Alibaba is making little effort to address reports of fake merchandise on its sites.
By Daphne Howland • Oct. 19, 2015 -
Wal-Mart investigation finds little major misconduct in Mexico: WSJ
But evidence of bribery in India was unearthed in the same investigation.
By Daphne Howland • Oct. 19, 2015 -
Deep Dive
As retail evolves, Wal-Mart is at a crossroads
The world’s largest retailer is facing two hard truths as the retail landscape shifts: its bottom-of-the-barrel wages are no longer viable, and its bottom-of-the-barrel prices are no way to compete.
By Daphne Howland • Oct. 16, 2015