Financial News: Page 355
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Wage gains miss expectations, fuel cuts fail to boost spending: reports
The results come as retailers wait for the improving economy to steady their fortunes.
By Daphne Howland • May 8, 2015 -
Charney sues American Apparel shareholder
Standard General has dismissed the claims, saying Dov Charney and his associates continue to file lawsuits “at a breakneck pace.”
By Daphne Howland • May 8, 2015 -
J.C. Penney parts ways with Joe Fresh
The partnership was hailed as a potential lifesaver for Penney when it launched two years ago.
By Daphne Howland • May 8, 2015 -
Lumber Liquidators halts sales of Chinese laminate flooring
The retailer has also hired former FBI chief Louis J. Freeh to help with its own investigation.
By Daphne Howland • May 8, 2015 -
Deep Dive
The trouble with off-price stores
Macy’s is the latest department store chain to enter the off-price retail space. But there's a downside to investing in this type of store.
By Daphne Howland • May 7, 2015 -
Fashion startup VFiles optimizes for mobile
The three-year-old social network has attracted fashionistas and fashion professionals and wants to grow its shopability.
By Daphne Howland • May 7, 2015 -
Alibaba names new CEO as it makes mobile push
The move is part of an overall company goal to bring in a younger generation of leaders.
By Daphne Howland , Kelsey Lindsey • May 7, 2015 -
Ron Johnson's next act, Enjoy, is live
The company focuses on helpful, knowledgeable tech experts at the ready, a hallmark of Johnson's “Genius Bar” idea for Apple stores.
By Daphne Howland • May 7, 2015 -
Ann Taylor in talks with private equity firm: sources
Ann Inc.’s brands have struggled of late, forced into heavy promotions in the face of lower consumer spending and increased competition.
By Daphne Howland • May 7, 2015 -
Mobile boost at RetailMeNot not enough, not yet
A Google algorithm change to favor mobile-optimized websites, which has dinged the coupon site’s fortunes, could ultimately help in the future, the company says.
By Daphne Howland • May 6, 2015 -
Groupon eyes mobile growth as revenue misses
The company said it has sold its stake in Ticket Monster, which had been a drag on profit. But the task before the company is more fundamental.
By Daphne Howland • May 6, 2015 -
Once-bright Zulily posts dim outlook
Previously a flash-sales darling, the e-retailer is now looking more like the disrupted than a disrupter.
By Daphne Howland • May 6, 2015 -
JetBlue, Amazon build in-flight media deal
The benefits of being an Amazon Prime member keep accruing, this time into the sky.
By Daphne Howland • May 6, 2015 -
Macy's testing 4 discount stores in NYC
The move is seen as a way for the retailer to better compete with discount chains like T.J. Maxx and Marshalls.
By Kelsey Lindsey • May 5, 2015 -
Proxy fight avoided at Macerich
The mall development and operating company has nixed its poison pill and will add two independent directors to its board.
By Daphne Howland • May 5, 2015 -
Adidas beats expectations as turnaround plan picks up
Adidas is paying particular attention to its huge North American market and urbanites.
By Daphne Howland • May 5, 2015 -
Office Depot posts unexpected profit, announces more store closings
The retailer awaits a Federal Trade Commission decision on a proposed merger with rival Staples, which is expected despite being denied years ago.
By Daphne Howland • May 5, 2015 -
Sally Beauty investigating 'unusual activity' on customers' cards
The news comes little over a year after the retailer suffered a hack that stole payment card numbers and security codes from thousands of customers.
By Kelsey Lindsey • May 4, 2015 -
Postmates COO leaving after seven months
The departure of Peter Hazlehurst was by all accounts genial, but that doesn’t mean the company doesn’t need another executive as it starts to hit its stride.
By Daphne Howland • May 4, 2015 -
Wal-Mart continues to tighten the ship with new exec changes
The world's largest retailer appears to be moving away from its more traditional organizational structure.
By Daphne Howland • May 4, 2015 -
Lowe's halts sale of laminate flooring after report
The move is in response to a report that some of Lowe's laminate flooring may be contaminated by toxins.
By Daphne Howland • May 4, 2015 -
Kohl's sees dramatic growth in app users
The retailer's loyalty program has helped Kohl's beat Uber, Nike, and Tinder in growth.
By Ian P. Murphy • May 4, 2015 -
CVS beats expectations with help from Medicaid business
The retailer got a boost from its drug-services business.
By Kelsey Lindsey • May 1, 2015 -
Rent the Runway CEO: Every woman should have a 'subscription to fashion'
The rental company is expanding into sportswear and increasing its number of brick-and-mortar showrooms.
By Daphne Howland • May 1, 2015 -
GNC suffers from 'self-inflicted wound' in Q1
CEO Mike Archbold says the retailer’s poor Q1 was due to a big marketing cut, and not to any fallout from a regulatory tussle with New York Attorney General Eric Schneiderman.
By Daphne Howland • May 1, 2015