Financial News: Page 347
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Nike founder and chairman recommends CEO as successor
It’s hard to imagine Nike without Phil Knight — the founder who helped grow the company into the sportswear behemoth it is today.
By Daphne Howland • July 2, 2015 -
After Uber ruling, delivery startup Shyp to hire contractors as employees
The move follows a California ruling that an Uber driver was treated as an employee rather than as a contractor. However, Shyp denies the move had anything to do with the ruling.
By Daphne Howland • July 2, 2015 -
Men's Wearhouse names PetSmart exec COO as it looks to 'unlock future growth'
The new COO has been tapped to unlock future growth.
By Ian P. Murphy • July 2, 2015 -
New Balance targets Nike-like status with worldwide ad blitz
The company is shooting for a top-three slot among athletic shoe manufacturers.
By Ian P. Murphy • July 2, 2015 -
RadioShack says it's back with social media campaign
The videos reminding people that the electronics retailer is still in business star comedians Orlando Jones and Carlos Mencia.
By Ian P. Murphy • July 1, 2015 -
Sears opens connected-home showcase in Silicon Valley
Shipments of connected-home devices are expected to grow at an annual rate of 67% in the next five years.
By Daphne Howland • July 1, 2015 -
Abercrombie downgraded on slow turnaround
FBR & Co. analyst Susan Anderson noted that the retailer continues to struggle with its image, among other woes.
By Daphne Howland • July 1, 2015 -
Wal-Mart exec moves to Yoox as CIO
Alex Alexander is credited with leading the development of such omnichannel innovations as “click and collect” in the U.K.
By Daphne Howland • July 1, 2015 -
Microsoft cedes advertising sales to AOL
Bing will also power AOL search for 10 years.
By Ian P. Murphy • June 30, 2015 -
Obama moves to boost overtime pay eligibility
A new regulation now in the public-comment phase would make overtime pay available for nearly 5 million more U.S. workers.
By Daphne Howland • June 30, 2015 -
Millennials value paid loyalty programs: report
Almost half of all respondents also said paid programs have better rewards.
By Daphne Howland • June 30, 2015 -
Analyst has 'low confidence' Macy's will beat sales struggles
Deutsche Bank says that the strong dollar, shifting consumer priorities, and over-expansion of the Michael Kors brand are all dragging the retailer down.
By Daphne Howland • June 30, 2015 -
Former Target exec moves to Rite Aid ahead of pharmacy switch
The move comes as CVS Health prepares to take on Target’s pharmacies and clinics as stores within stores.
By Daphne Howland • June 30, 2015 -
PayPal retreats on robocalls and texts after backlash
PayPal now says that recorded messages or texts will only be used in cases of fraud or to collect a debt.
By Daphne Howland • June 30, 2015 -
Abercrombie settles immigration papers case
The retailer has learned a few lessons regarding discriminatory practices of late.
By Daphne Howland • June 29, 2015 -
Lululemon taps new exec to grow its e-commerce operations
Miguel Almeida has spent the last six years at Walgreens, where he was group vice president for digital and mobile solutions.
By Daphne Howland • June 29, 2015 -
Retailers celebrate historic same-sex marriage ruling
Companies from Macy's to Target released specially designed logos and took to social media to show their pride.
By Daphne Howland • June 29, 2015 -
Gap to replace Toys 'R' Us in Times Square
The struggling apparel retailer will open Gap and Old Navy stores in New York City's Bow Tie building.
By Daphne Howland • June 29, 2015 -
Barnes & Noble trims losses as sales fall
The bookseller is getting ready to launch a revamped website right before the spinoff of its education business.
By Daphne Howland • June 26, 2015 -
Target's longtime merchandising chief departs
Kathee Tesija, who began her Target career as an entry-level analyst, has been instrumental in shaping the retailer as we know it.
By Daphne Howland • June 26, 2015 -
H&M's new brand is cloaked in mystery
The Swedish fast-fashion company is working on something “completely different” that might launch sometime in 2017, Bloomberg reports.
By Daphne Howland • June 26, 2015 -
Nike has a winning Q4, fiscal year
The athletic gear and footwear powerhouse is seeing healthy growth, though it’s not the Wall Street darling that Lululemon and Under Armour are right now.
By Daphne Howland • June 26, 2015 -
Congress agrees to 'fast-track' trade agreement
Because of its Asia focus, the Trans-Pacific Partnership will have a significant impact on apparel retailers and others that source and manufacture merchandise there.
By Daphne Howland • June 25, 2015 -
Ikea raising wages, again
The retailer has taken the unusual step of using a “living wage calculator” that determines wages based on a given area’s cost of living.
By Daphne Howland • June 25, 2015 -
BaubleBar latest e-retailer to open physical stores
The popular, affordable jewelry retailer has experimented with pop-ups and sales in Nordstrom, Bloomingdale’s, and Anthropologie.
By Daphne Howland • June 25, 2015