Financial News: Page 353
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CVS buying Target's pharmacies, clinics for $1.9B
The deal will give CVS Health around 1,700 more locations and a presence in new markets like Seattle and Portland.
By Kelsey Lindsey • June 15, 2015 -
Fast Retailing to integrate channels in the cloud
Accenture will help the Uniqlo parent create a seamless customer experience.
By Ian P. Murphy • June 15, 2015 -
Hudson's Bay buys Germany's largest department store chain for $3.2B
The company aims to leverage Kaufhof’s e-commerce strength in Europe and to bring its American Saks stores to the continent.
By Daphne Howland • June 15, 2015 -
Kmart shakes up marketing staff
The new CMO will lead rebranding and omnichannel strategy.
By Ian P. Murphy • June 15, 2015 -
Net-a-Porter posts first profit on record sales
A formidable luxury e-commerce company is due to emerge once the company is acquired by Italian luxury retailer Yoox sometime later this year.
By Daphne Howland • June 15, 2015 -
Kohl's finally taps merchandising chief
Chief customer officer Michelle Gass will step up to a new principal officer position of chief merchandising and customer officer.
By Daphne Howland • June 15, 2015 -
Restoration Hardware profit way up
The upscale home goods retailer is also opening two new stores for its RH Modern brand that will be introduced this year.
By Daphne Howland • June 12, 2015 -
Old Navy partners with job skills startup
Through LearnUP, job seekers learn basic skills that no one thinks to teach, but are expected on the job nevertheless.
By Daphne Howland • June 12, 2015 -
Amazon e-book contracts face EU scrutiny on anti-trust concerns
European regulators say Amazon’s requirement that publishers reveal terms they’re offering to other retailers could be a restrictive business practice.
By Daphne Howland • June 12, 2015 -
Nike's billion-dollar deal wins NBA licensing rights
The company’s logo will also appear on team uniforms, a first in NBA history.
By Daphne Howland • June 12, 2015 -
Lululemon founder Chip Wilson may want out
Wilson is thinking about selling his entire 14% stake after stepping down as chairman last year.
By Daphne Howland • June 12, 2015 -
Retail sales in May see an upswing: Commerce Dept.
In physical stores, RetailNext found a stronger intent to buy, with increased sales per shopper.
By Daphne Howland • June 11, 2015 -
Personal shopping app Voonik wins $5 million in funding
The Indian retail app has been downloaded more than 1 million times.
By Ian P. Murphy • June 11, 2015 -
J. Crew lays off 175 HQ staff, replaces head women's designer
Head of design Somsack Sikhounmuong from the retailer’s Madewell brand is replacing women’s design chief Tom Mora.
By Daphne Howland • June 11, 2015 -
For Dollar General, new exec same as the old exec
Jeff Owen will come out of retirement June 15 to take the job of EVP of store operations upon the sudden departure of Greg Sparks.
By Daphne Howland • June 11, 2015 -
Target sparks confusion over share buyback
The retailer inadvertently published an announcement of the share buyback on its website, then promptly deleted it.
By Kelsey Lindsey • June 10, 2015 -
Hudson's Bay: Real estate a major factor in acquisitions
But it's still not clear if the company will invest in German department store company Kaufhof or, if so, whether real estate or retail would be the reason.
By Daphne Howland • June 10, 2015 -
Bigcommerce names Brent Bellm CEO
The executive previously held postions with PayPal and HomeAway.
By Ian P. Murphy • June 10, 2015 -
Nasty Gal hit with lawsuit over layoffs of pregnant employees
The retailer says it all happened during its waves of layoffs, and that the legal action is "frivolous and without merit."
By Daphne Howland • June 10, 2015 -
Lands' End announces three major executive hires
New CEO Federica Marchionni is assembling her team.
By Daphne Howland • June 10, 2015 -
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