Financial News: Page 344
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Saks Fifth Avenue opening shoe-only store
The iconic department store’s expansive shoe department is famous in its own right, with its own zip code at the retailer’s flagship New York City store.
By Daphne Howland • July 31, 2015 -
Adidas lands Pac-12 deal after series of contract losses
It's a good deal for the German sportswear giant, as Nike and Under Armour outpace it in both sales and licensing deals.
By Daphne Howland • July 31, 2015 -
Lilly Pulitzer sues Old Navy over pattern copyright
Because clothing is considered utilitarian, cuts aren’t well protected by copyright laws, and “knock-offs” are common in discount fashion. But patterns are a different story.
By Daphne Howland • July 31, 2015 -
CVS taps IBM's Watson for medical care and prevention
Putting the super computer in stores is a major milestone in CVS’s pivot to become a formidable healthcare service center.
By Daphne Howland • July 31, 2015 -
Whole Foods sales sink after overcharging scandal
The retailer posted its lowest sales growth since the 2009 economic downturn. Could its new, smaller format store help boost sales?
By Carolyn Heneghan • July 30, 2015 -
Modcloth launches private label
The retailer also continues its experiment with pop-up “Fit Shops,” where women can try on clothes to order online.
By Daphne Howland • July 30, 2015 -
Amazon unveils drone safety plan
Amazon is calling for government cooperation in drone regulation, and has done some of the legwork to get things done.
By Daphne Howland • July 30, 2015 -
Target 'Cartwheel' head and chief of product departs
Alan Wizemann, the Target IT executive who has been integral to its apps and website, is leaving the company to pursue entrepreneurial projects.
By Daphne Howland • July 29, 2015 -
American Eagle sales up despite move from heavy discounts
The apparel retailer appears to be breaking the spell of constant discounts by offering better products and keeping less inventory around.
By Daphne Howland • July 29, 2015 -
Stripe, now worth $5B, partners with Visa
The digital payments startup is teaming with Visa to develop web “buy buttons” that could compete with PayPal.
By Daphne Howland • July 29, 2015 -
Alibaba investing $1B in web services to challenge Amazon
This could really hit Amazon, which has leaned on the performance of its own web services unit to fund innovation on its retail side.
By Daphne Howland • July 29, 2015 -
Can American Apparel continue to keep its commitment to 'Made in the USA'?
If the retailer abandons its longtime commitment to U.S.-made apparel, it becomes just another apparel retailer getting its goods from overseas sources.
By Daphne Howland • July 28, 2015 -
EBay shutters same-day delivery and mobile apps
The moves are hardly surprising, as the company must figure out how to renew its strength as a marketplace.
By Daphne Howland • July 28, 2015 -
Nordstrom to boost its partnership with J. Crew's Madewell
Bringing in Madewell has been one of several successful moves Nordstrom has made to diversify its offerings.
By Daphne Howland • July 28, 2015 -
Retailers join White House on climate change pledge
As part of the pledge, each retailer has detailed some of the steps it’s taking to combat climate change and fight greenhouse gas emissions.
By Daphne Howland • July 28, 2015 -
Amazon's Prime Day could kick up July retail sales
Many have ridiculed Amazon’s Black-Friday-in-July event, but it could be a major uplift for this month's retail sales report.
By Daphne Howland • July 28, 2015 -
Deep Dive
How retailers are selling the power of IoT
A dive into Sears' Connected Solutions hub and Target’s Open House reveals that a lot of connected devices have functions and price points that can appeal to the practical homeowner.
By Daphne Howland • July 27, 2015 -
Amazon testing drive-through grocery store: report
At first many were surprised by Amazon’s push into grocery with Amazon Fresh, but it's a category that can help it challenge Wal-Mart and other retailers.
By Daphne Howland • July 27, 2015 -
Best Buy to be first non-Apple retailer to sell Apple Watch
Sales from the sought-after wearable could really help Best Buy ahead of the holidays.
By Daphne Howland • July 27, 2015 -
Neiman Marcus and consignment retailer The RealReal team up
While the resale market will be but a niche area for Neiman Marcus, this is the kind of creativity that a department store retailer needs these days.
By Daphne Howland • July 24, 2015 -
Amazon's market value tops Wal-Mart's as it reports surprise profit
There may be less scoffing at Amazon for last week's Prime Day this Friday morning.
By Daphne Howland • July 24, 2015 -
Antitrust watchdog calls for closer look at Staples-Office Depot merger
The American Antitrust Institute says that competitive concerns still remain regarding the merger.
By Daphne Howland • July 24, 2015 -
Wal-Mart takes full ownership of its Chinese e-commerce venture
Wal-Mart will buy the remaining shares of Yihaodian, a nimble e-commerce site that can help it reach the growing Chinese middle class.
By Daphne Howland • July 23, 2015 -
Forever 21 creates fabric mosaics from Instagram photos
Retailer teams with Brooklyn's Breakfast for massive thread screen.
By Ian P. Murphy • July 23, 2015 -
Wal-Mart ending 24-hour shopping at some stores
In a move that could be duplicated at more locations, the retailer will close some of its 24-hour stores around midnight.
By Daphne Howland • July 23, 2015