Financial News: Page 352
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UPDATE: Multiple retailers ban Confederate flag merchandise
This is a strong move by Wal-Mart, the world’s largest retailer with headquarters in the heart of the South.
By Daphne Howland • June 23, 2015 -
Deep Dive
The state of the American department store
Department stores were once magnificent fixtures of downtown America, then strong anchor tenants of malls. What are they now, and what’s next?
By Daphne Howland • June 22, 2015 -
T.J. Maxx's newest promo supports children's charities
Maxx Kids Art Contest includes donations to Save the Children.
By Ian P. Murphy • June 22, 2015 -
Aeropostale merchandising chief departs amid turnaround
Emilia Fabricant arrived at the retailer three years ago.
By Daphne Howland • June 22, 2015 -
Office Depot shareholders overwhelmingly approve Staples merger
The vote brings a deal one step closer to completion, although it still requires FTC approval.
By Daphne Howland • June 22, 2015 -
EBay sells its stake in Craigslist
The terms of the deal weren’t disclosed, but it ends years of litigation between the two companies ahead of eBay’s split from PayPal.
By Daphne Howland • June 22, 2015 -
FCC proposal would aid blocking of robocalls, texts
The proposal comes as PayPal and eBay have inserted provisions in their new post-split user agreement that allows them to robocall and text customers for a variety of reasons.
By Daphne Howland • June 19, 2015 -
Abercrombie continues turnaround with new creative director hire
With several new hires in design and merchandising, the retailer is making good on its promise to save its brand.
By Daphne Howland • June 19, 2015 -
J. Crew exec vilified for Instagrams of post-layoff celebration
J. Crew says it doesn’t condone the behavior, but people on social media are already calling for the dismissal of men’s merchandising veep Alejandro Rhett.
By Daphne Howland • June 19, 2015 -
RadioShack hit with lawsuit from Texas AG over unredeemed gift cards
RadioShack stopped honoring gift cards in March and now says it has no way of knowing who owns what cards. But attorney general Ken Paxton is skeptical.
By Daphne Howland • June 19, 2015 -
Consignment retailer 2nd Time Around rebrands, expands
Consignment shops have now gone mainstream, thanks in part to their appeal to younger shoppers who like a deal and the idea of reuse.
By Daphne Howland • June 19, 2015 -
West Elm taps Anthropologie design exec
In Johanna Uurasjarvi, West Elm has found a like-minded designer who embraces the clean aesthetic of traditional Scandinavian design with an added artistic flair.
By Daphne Howland • June 18, 2015 -
California Labor Commission: Uber driver not a contractor
This ruling, though just one case that is under appeal, is widely seen as a serious threat to Uber’s basic business strategy as well as others that depend on the so-called demand economy.
By Daphne Howland • June 18, 2015 -
Abercrombie & Fitch hires Club Monaco menswear designer
Aaron Levine is a great pick for Abercrombie, which has been struggling with its merchandise ever since it fell from grace in the eyes of its customers.
By Daphne Howland • June 18, 2015 -
Report: Wal-Mart sheltering $76B overseas
The investigation was conducted by the United Food & Commercial Workers International Union, which advocates against Wal-Mart on the behalf of Wal-Mart employees.
By Daphne Howland • June 18, 2015 -
Etsy testing crowdfunding feature for sellers
Crowdfunding has boomed in recent years, although it has also drawn regulatory scrutiny due to some abuses.
By Daphne Howland • June 17, 2015 -
Dollar General continues shakeup with 5 leadership changes
After switching up its CEO last month, Dollar General has now promoted five people in its merchandising and supply chain leadership.
By Daphne Howland • June 17, 2015 -
Apple terminates Monster accessories licensing deal
The audio tech company will no longer be able to manufacture licensed accessories for Apple products.
By Daphne Howland • June 17, 2015 -
Senators scrutinize PayPal's 'intrusive' new robocall policy
PayPal says customers can opt out of the provision, but regulators and members of Congress say they shouldn’t be forced to opt in to begin with.
By Daphne Howland • June 17, 2015 -
Leadership shakeup at Lumber Liquidators continues
Newly promoted Marco Q. Pescara will lead the marketing and merchandising teams as the chain faces a federal investigation.
By Ian P. Murphy • June 16, 2015 -
Gap closing 175 stores, laying off employees in turnaround
Gap Inc. will shed 250 corporate jobs, mostly at its headquarters in San Francisco.
By Daphne Howland • June 16, 2015 -
American Apparel director David Danziger resigns
Danziger has served on the board since 2011 and has been under fire for a few quarters. CEO Paula Schneider will take his post.
By Daphne Howland • June 16, 2015 -
Fanatics taps new CFO
Equity analyst Lauren Cooks Levitan joins the licensed-sports gear retailer, which has expanded swiftly into physical retail.
By Daphne Howland • June 16, 2015 -
UPS acquires insurer of precious items
Parcel Pro specializes in jewelry, watches, collectibles.
By Ian P. Murphy • June 16, 2015 -
Ollie's Bargain Outlet eyes IPO
The retailer, founded in 1982, has expanded greatly in recent years and has long-term plans for nearly a thousand stores.
By Daphne Howland • June 16, 2015