Financial News: Page 341
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Wal-Mart to stop selling semi-automatic rifles due to poor sales
A Wal-Mart spokesperson made clear that "the decision was completely based on what customers are buying and what they want."
By Daphne Howland • Aug. 27, 2015 -
Gap the latest to phase out controversial on-call scheduling
The super-efficient method of scheduling can make life difficult for workers, and the practice has garnered scrutiny from lawmakers and law enforcement agencies.
By Daphne Howland • Aug. 27, 2015 -
Abercrombie & Fitch joins other teen retailers with turnaround results
The retailer says its success may come from “happier store employees” who now have more opportunity to bring in inventory based on what their customers are buying.
By Daphne Howland • Aug. 27, 2015 -
Deep Dive
The rise of copyright infringement lawsuits—and what retailers can do about it
A new report from Lex Machina found that retailers are now one of the top groups of defendants in copyright infringement cases surrounding textile patterns.
By Ian P. Murphy • Aug. 26, 2015 -
Plus-size retailer Avenue Stores reportedly for sale
Plus-size retail is ripe and ready to grow. The area suffers from marketing and merchandising neglect, yet has many customers clamoring to buy.
By Daphne Howland • Aug. 26, 2015 -
Could Macy's let go of its Herald Square flagship?
There are songs and movies about Macy’s in Herald Square, and its iconic Thanksgiving Day parade ends at the location. But it’s hard to know how much it’s worth.
By Daphne Howland • Aug. 26, 2015 -
Best Buy betting on Apple Watch for the holidays
Research is showing that sales and interest for the Watch are ebbing, but Best Buy is clearing space in all stores in anticipation of holiday demand.
By Daphne Howland • Aug. 26, 2015 -
Best Buy stock soars thanks to surprise sales increase
The electronics retailer posted a rebound last quarter, after CEO Hubert Joly delivered some of his turnaround promises.
By Daphne Howland • Aug. 25, 2015 -
Top Amazon exec exits again, this time for Google
Jon McCormack spent a few weeks at Yahoo earlier this year, where his ideas to turn the company’s software unit around reportedly weren’t well received. But his return to Amazon didn't last long.
By Daphne Howland • Aug. 25, 2015 -
Target to pay $2.8M in hiring discrimination settlement
The settlement is a reminder to retailers to keep an eye on third-party vendors.
By Daphne Howland • Aug. 25, 2015 -
Belk to be sold to Sycamore for $3B
The private equity firm says the Southern department store isn’t going to change much, but department stores in general might need some sort of revamp.
By Daphne Howland • Aug. 25, 2015 -
Retail stocks rebound after market plunges
In what the NRF's chief economist called an "overreaction to fears of global slowdown," the market saw some dramatic volatility yesterday before seeming to recover this morning.
By Kelsey Lindsey • Aug. 24, 2015 -
Developer unveils $800M renovation plan for Los Angeles mall
Australian shopping mall titan Westfield Corp. hopes more restaurants and open-air spaces will help the luxury shopping center compete with online retailers.
By Sharon O'Malley • Aug. 24, 2015 -
Gap's turnaround to focus on product before marketing
Gap Inc. spent $131 million on marketing in the second quarter, $11 million less than it did in the comparable quarter of 2014.
By Ian P. Murphy • Aug. 24, 2015 -
Madewell recalling more than 50,000 sandals
A product recall shouldn't be a major problem for most brands, but this is just bad timing for Madewell, which has emerged as a ray of hope for struggling J. Crew.
By Daphne Howland • Aug. 24, 2015 -
"Tuesday Morning at the Sunset Esplanade in w:Hillsboro, Oregon." by M.O. Stevens is licensed under CC BY 4.0
Tuesday Morning stock plummets after missed earnings
The retailer’s prospects may be better than they look, though, as it starts working its way out of categories that haven’t been selling well.
By Daphne Howland • Aug. 24, 2015 -
Wal-Mart shakes up merchandise team
The retailer is taking its efforts to battle inventory and merchandising issues straight to the top.
By Daphne Howland • Aug. 24, 2015 -
Deep Dive
Retail Therapy: Tickets to the American Apparel drama show
Every week, we bring you the best retail reads from around the web.
By Kelsey Lindsey • Aug. 21, 2015 -
Gap testing 'fast fashion' at namesake brand
The company is taking a page from the success of its own Old Navy brand.
By Daphne Howland • Aug. 21, 2015 -
Uniqlo parent Fast Retailing piloting four-day workweek
The international apparel retailer is trying out a shorter work week in an effort to keep good employees.
By Daphne Howland • Aug. 21, 2015 -
Sears reports first quarterly profit in three years thanks to REIT
But same-store sales at the retailer fell some 10%.
By Daphne Howland • Aug. 21, 2015 -
Lawsuit filed against Costco amid supply chain slavery concerns
This is just the latest of several strikes against Costco for operations and policies.
By Carolyn Heneghan • Aug. 20, 2015 -
More companies look to chief data officers to help lead data efforts
57% of CIOs in the U.S. say that the amount of data they will need to manage is set to rise 33% in the next 12 months.
By Ian P. Murphy • Aug. 20, 2015 -
Wal-Mart pharmacy business suffers under Affordable Care Act
While more people have health care coverage these days, they’re spending less on medications.
By Daphne Howland • Aug. 20, 2015 -
American Eagle gains momentum in strong quarter
The retailer’s efforts to better control inventory appear to be paying off, and its Aerie lingerie brand is doing really well without Photoshop.
By Daphne Howland • Aug. 20, 2015