Financial News: Page 354
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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 -
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