Financial News: Page 351
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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 -
GameStop bests Hot Topic for Geeknet $140M takeover
The winning retailer said Geeknet’s profitability and strengths will increase its operating income, bring a portfolio of hard-to-procure licenses, and expand its omnichannel capabilities.
By Daphne Howland • June 3, 2015 -
Dollar General's gross margin climbs for first time in 3 years
The retailer continued its ambitious expansion plans with 219 new stores in Q1 so that it now operates 11,999 in 43 states.
By Daphne Howland • June 3, 2015 -
Pinterest offers peek into future 'Buy' button
A company exec showed developers a mock-up of the possible addition.
By Ian P. Murphy • June 2, 2015 -
Wal-Mart to raise wages of 100K U.S. employees
But advocates say that even with the increase, in most cases, pay and scheduling mean the retailer's workers can’t earn a living wage.
By Daphne Howland • June 2, 2015 -
Supreme Court sides with job applicant over Abercrombie dress code
A young Muslim woman who wore a head scarf to her job interview didn’t have to explain herself in order to receive an accommodation from the retailer, the Court ruled.
By Daphne Howland • June 2, 2015 -
Hot Topic takeover of Geeknet potentially thwarted by unnamed suitor
The retailer had until Monday to meet or top the $20 per share offer from the new interested party.
By Daphne Howland • June 2, 2015 -
Sears shareholders' lawsuit claims REIT plan benefits CEO
There are obvious problems with the move to leverage the company's real estate holdings, but it could help buy much-needed time.
By Daphne Howland • June 2, 2015 -
Rana Plaza owner, 40 others face murder charges from Bangladesh factory collapse
The arrest comes two years after the deadly incident that took more than one thousand garment workers’ lives.
By Daphne Howland • June 2, 2015 -
Walgreens CIO steps down
Tim Theriault and his successor helped integrate IT following the merger with Alliance Boots.
By Ian P. Murphy • June 1, 2015 -
Ousted Men's Wearhouse founder launches 'Uber for tailors'
George Zimmer is considered a pioneer of making “cheap suits” look good, and he has moved on since being bounced from his own company.
By Daphne Howland • June 1, 2015 -
GameStop logs high score in Q1
Observers and investors have been expecting the video game retailer to fold like Blockbuster did in the face of digital competition, but so far it has successfully pivoted.
By Daphne Howland • June 1, 2015 -
Dollar Tree to sell 330 stores to private equity in merger-driven deal
The number matches what the company said would be necessary and fair from the beginning of its merger talks with Family Dollar.
By Daphne Howland • June 1, 2015 -
Nordstrom plans to revive 'Half-Yearly Sales'—kind of
The retailer recently ended its tradition of two semi-annual sales, replacing them with six sales throughout the year.
By Daphne Howland • May 29, 2015 -
Amazon plans major expansion of its private-label brands
Private label products have not only lost their stigma of low quality, but also appeal to millennials.
By Daphne Howland • May 29, 2015 -
Costco same-store sales fall for first time since 2009
The retailer suffered an unusual sales drop due to a strong dollar and low gas prices, but its fundamentals remain strong.
By Daphne Howland • May 29, 2015 -
Abercrombie & Fitch reports 14% sales drop, but stock rises anyway
Shares were up because sales didn’t drop quite as much as expected.
By Daphne Howland • May 29, 2015 -
Karmaloop gets new owner, but it's not Kanye West
Comvest Partners and CapX Partners offered the only bid in bankruptcy court and a new CEO holds new promise for the faltering streetwear retailer.
By Daphne Howland • May 29, 2015 -
Dollar General names new CEO
The nation's largest discount retailer faces a new challenge as the merger between Dollar Tree and Family Dollar nears completion.
By Davide Savenije • May 28, 2015 -
Gildan takes aim at retail underwear market with new ads
Apparel wholesaler targets women, millennials in new push.
By Ian P. Murphy • May 28, 2015