Financial News: Page 350
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Gap boosts design, merchandising teams
The brand has tapped Steve Sare as global merchandising chief and Alessandra Brunialti as VP of women’s design.
By Daphne Howland • June 10, 2015 -
Walgreens launches campaign asking for summer beauty tips
The drugstore chain hopes to drive engagement with the Challenged social app.
By Ian P. Murphy • June 10, 2015 -
Sam's Club unveils new member benefits
Sam's Plus members can now get a limited number of free prescription drugs in the 35 states that permit such a service.
By Ian P. Murphy • June 9, 2015 -
Lululemon handily bests expectations
After a series of self-inflicted wounds and amidst intensifying competition, the yoga-gear retailer appears to be getting its groove back.
By Daphne Howland • June 9, 2015 -
American Apparel and shareholder Kolb reach deal
Meanwhile, founder Dov Charney is also holding his fire.
By Daphne Howland • June 9, 2015 -
Struggling Sears trims losses as sales continue to slide
The retailer also said its REIT will be declared effective this week by the SEC.
By Daphne Howland • June 8, 2015 -
Anna's Linens preparing for bankruptcy, searches for buyer
The retailer neglected its e-commerce for too long, sources say, and is especially vulnerable in the difficult home goods category.
By Daphne Howland • June 8, 2015 -
Former Kraft Foods CFO joining Dick's Sporting Goods
The move takes some pressure off Andre J. Hawaux, who is currently serving as EVP, COO, and CFO at the company.
By Daphne Howland • June 8, 2015 -
Build-A-Bear profitable again as turnaround takes hold
In the past two years, new CEO Sharon Price John has capitalized on the company’s strengths and took note of — and action against — its weaknesses.
By Daphne Howland • June 8, 2015 -
Crate & Barrel closing NYC flagship store
Another retailer is losing a New York City store due to skyrocketing rents in the city.
By Daphne Howland • June 8, 2015 -
Wal-Mart chairman steps down
Rob Walton has served in the post since 1992. He will be replaced by Vice Chairman Greg Penner, the company's board announced.
By Randy Lilleston • June 5, 2015 -
Economy adds 280K jobs; unemployment inches up
Retail jobs bested the monthly average, but economists say wage stagnation remains a problem across all industries.
By Daphne Howland • June 5, 2015 -
Wal-Mart pushes to crack down on theft
Its recent wage increases may mean that the retailer needs to trim fat elsewhere.
By Daphne Howland • June 5, 2015 -
J. Crew CEO admits mistakes amid falling sales
In light of a disappointing first quarter, the apparel retailer says it will return to its roots.
By Daphne Howland • June 5, 2015 -
Revolving door of Groupon executive suite continues
The company announced that Rich Williams will become COO, and CFO Jason Child is leaving to join fitness tech company Jawbone.
By Daphne Howland • June 5, 2015 -
Macy's partners with Dormify to reach college-bound customers
The move brings Dormify its first brick-and-mortar venture and, for Macy’s, an appeal to younger millennials.
By Daphne Howland • June 5, 2015 -
Apple Watch to arrive in retail stores June 26
Millions of preordered smartwatches will also ship this month.
By Ian P. Murphy • June 5, 2015 -
Lands' End Q1 continues sales slump
The retailer had an auspicious rebirth when it first separated from parent Sears, but sales have been sliding ever since.
By Daphne Howland • June 4, 2015 -
Will Macy's be next department store to consider REIT?
Hedge funds that have recently boosted their stakes in the company are now pushing for a real estate investment trust, but the retailer appears to resist the idea.
By Daphne Howland • June 4, 2015 -
Wal-Mart eases up on dress code, repetitive music
It may not be the pay bump many workers want, but a few changes announced this week could make their jobs a little easier.
By Daphne Howland • June 4, 2015 -
Reports: Minorities face discrimination on both sides of the counter
The NAACP found a gap in pay and advancements for Latino and African-American workers, while former CVS employees filed a lawsuit claiming they were asked to profile shoppers based on race.
By Daphne Howland • June 4, 2015 -
OTA names most trustworthy online retailers
The announcement during IRCE revealed American Greetings leads in security, privacy and consumer protection.
By Ian P. Murphy • June 3, 2015 -
Lumber Liquidators compliance chief quietly quits
Ray Cotton is the latest executive to leave in recent days, on the heels of CEO Robert Lynch and CFO Daniel Terrell.
By Daphne Howland • June 3, 2015 -
Toys 'R' Us taps former Domino's exec for CEO
David Brandon was most recently the athletic director at the University of Michigan.
By Daphne Howland • June 3, 2015 -
Gap stores host Birchbox pop-ups
The partnership could benefit both companies by providing an influx of shoppers and the opportunity to test out new formats.
By Daphne Howland • June 3, 2015