Financial News: Page 352
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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 -
DSW hits stride in Q1, beating expectations
The retailer said athletic footwear helped its same-store sales turn positive in the first quarter.
By Daphne Howland • May 28, 2015 -
Is Michael Kors falling victim to over-expansion?
The upscale brand is seeing inventory pile up as sales fall.
By Daphne Howland • May 28, 2015 -
Flagship woes drag on Chico's earnings
The retailer’s profit took a hit in Q1, mostly due to the costs of its restructuring efforts.
By Daphne Howland • May 28, 2015 -
Tiffany's Q1 shines despite strong dollar
The jeweler said that its “Tiffany T” fashion line, design director Francesca Amfitheatrof’s first collection, is doing well.
By Daphne Howland • May 28, 2015 -
Banks shoot down Target's $19M data breach settlement
$19 million covers only a fraction of the costs, banks say.
By Ian P. Murphy • May 27, 2015 -
Hot Topic to buy ThinkGeek parent for $122M
The acquisition by Hot Topic may be a really good fit for both companies.
By Daphne Howland • May 27, 2015 -
Nordstrom sells signature credit card business
Nordstrom says little will change for customers with its bank cards.
By Daphne Howland • May 27, 2015 -
With contract set to expire, will Amazon and Penguin Random House reach a deal?
Amazon may be a bit more gun-shy than in years past considering the flak it got for its previous hardball tactics with French publishing giant Hachette.
By Daphne Howland • May 27, 2015 -
Luxury retailer Coach lays off Canadian part-time employees
The chain plans to concentrate on full-time employees to build customer relationships.
By Ian P. Murphy • May 26, 2015 -
PacSun shirt with upside-down American flag draws controversy
PacSun stated that it was pulling the shirt, but also seemed to ask consumers to consider its youthful, creative context.
By Daphne Howland • May 26, 2015 -
Facing pressure, Amazon changes European tax policy
The move is seen as a response to a report detailing how Amazon legally avoids taxes by funneling European sales through certain countries.
By Daphne Howland • May 26, 2015 -
Amazon plans 'Handmade' marketplace to compete with Etsy
Amazon's move is just the latest headache for Etsy.
By Daphne Howland • May 26, 2015 -
Deep Dive
Retail Therapy: Is Kanye West retail's savior?
The answer to that and other life-altering questions inside (GIFs included).
By Kelsey Lindsey • May 22, 2015 -
Best Buy Q1 earnings beat expectations on strong phone and TV sales
The success of the quarter may owe something to Apple’s iPhone 6 launch.
By Daphne Howland • May 22, 2015 -
After Lilly Pulitzer debacle, Target cracks down on resellers
Its much-anticipated Lilly Pulitzer line was scooped up swiftly and in huge volume by eBay sellers who bought and listed the merchandise online at big markups, upsetting customers and denying Target a way to connect with them.
By Daphne Howland • May 22, 2015 -
CVS to acquire drug fulfillment company Omnicare for $10.4B
The merger could draw scrutiny if regulators think that it could drive up the cost of medications for patients.
By Daphne Howland • May 22, 2015 -
Shoes.com raises $45M; CEO brushes off IPO rumors
The retailer, a rare e-commerce sensation in Canada, could be gearing up to go public.
By Daphne Howland • May 22, 2015 -
Judge approves sale of RadioShack name, customer data
The retailer has also dealt with concerns over the sale of customer data with attorneys general from several states.
By Daphne Howland • May 21, 2015 -
Lumber Liquidators CEO unexpectedly resigns amid federal investigation
Founder Thomas Sullivan will serve as CEO until a replacement is found.
By Davide Savenije • May 21, 2015 -
Dollar Tree misses in first quarter on port problems
The discount retailer also said that its merger with rival Family Dollar will now likely close in July.
By Daphne Howland • May 21, 2015 -
Amazon CEO Bezos taps first woman for 'shadow' role
Jeff Bezos has employed “shadows,” a highly coveted advisory role, since the late '90s.
By Daphne Howland • May 21, 2015 -
Kohl's testing off-price outlet
You know the off-price space is getting crowded when downscale department stores get in the game.
By Daphne Howland • May 21, 2015 -
American Eagle beats Q1 expectations
American Eagle appears to be moving ahead while the other two “A’s” in teen retail — Abercrombie & Fitch and Aeropostale — continue to struggle.
By Daphne Howland • May 21, 2015