Financial News: Page 345
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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 -
Deep Dive
The significance of Amazon's work culture — and how the Times article may impact the retail giant
While some were appalled by the harsh company culture depicted in the New York Time’s exposé, others say that this high pressure is necessary to incite the type of innovation and disruption Amazon is known for.
By Kelsey Lindsey • Aug. 19, 2015 -
Deep Dive
QVC & Zulily: Bailout, boon, or both?
While QVC's acquisition of flash-sale site Zulily makes sense on many levels, some are wondering what the pairing means for retail innovation going forward.
By Daphne Howland • Aug. 19, 2015 -
Target's turnaround efforts seem to be paying off
Recent quarterly reports have shown that some retailers are still struggling while others are moving on from the retail funk that plagued them in the past several quarters.
By Daphne Howland • Aug. 19, 2015 -
Recovering housing market gives Home Depot a healthy Q2
Certain aspects of a healthier economy have helped Home Depot with its recent good news.
By Daphne Howland • Aug. 19, 2015 -
Abercrombie shakes up exec team with new hires from top fashion brands
But it's likely going to take some time for the new team to figure out today’s teen customers.
By Daphne Howland • Aug. 19, 2015 -
Wal-Mart profit drops on higher wages and e-commerce investments
While the Feburary decision to raise wages cut into Wal-Mart's profit, its areas of investment are showing encouraging numbers.
By Kelsey Lindsey • Aug. 18, 2015 -
Urban Outfitters warns of slow Q3
The company’s Free People brand continues to be a great support, with Free People Wholesale delivering yet another strong quarter.
By Daphne Howland • Aug. 17, 2015 -
Petco planning an IPO
There’s a lot of movement in the pet supplies space these days, a sign of the changing nature of consumers’ approach to their pets.
By Daphne Howland • Aug. 17, 2015 -
Target continues major revamp of exec suite
The move to promote its CFO to a new COO role comes as Target gets assertive about its omnichannel and merchandising efforts.
By Daphne Howland • Aug. 17, 2015