Financial News: Page 356
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Amazon launches Amazon Business marketplace
The new offering might help the e-commerce giant get a firmer grasp on a huge, $8.2 trillion market.
By Daphne Howland , Kelsey Lindsey • April 28, 2015 -
NoMoreRack rebrands as Choxi after Nordstrom lawsuit
Although the company never lost in court, Nordstrom had sued the retailer for trademark infringement three years ago.
By Daphne Howland • April 28, 2015 -
iPhone sales still sending Apple earnings sky high
The larger screened iPhone 6 is doing especially well as the company sells more iPhones at higher price points and steals more market share from rivals.
By Daphne Howland • April 28, 2015 -
Retail tracking firm settles first-time FTC complaint over consumer privacy
The complaint said that consumers were unaware of being tracked in-store and that the retail tracking company’s opt-out provision was misrepresented.
By Daphne Howland • April 28, 2015 -
Wal-Mart and Texas face off over state liquor laws
The retailer is suing the Texas Alcoholic Beverage Commission, claiming the legal limits on hard liquor sales are unconstitutional.
By Carolyn Heneghan • April 27, 2015 -
Sears Canada picks up Target brands despite troubles
But the move may not be enough for a retailer that is struggling under falling sales and increasing debt.
By Daphne Howland • April 27, 2015 -
Bigcommerce to buy Zing to help compete with Shopify
But Bigcommerce still trails rival Shopify in its number of merchant partners.
By Ian P. Murphy • April 27, 2015 -
Books-A-Million introducing self-publishing services
The move takes on Amazon’s CreateSpace service, which has dominated the area.
By Daphne Howland • April 27, 2015 -
Shareholders sue American Apparel over CEO Charney's removal
Two shareholders allege the retailer failed to disclose last June that founder-CEO Dov Charney was under investigation for misconduct, which they say amounts to proxy fraud.
By Daphne Howland • April 24, 2015 -
Wal-Mart executive pay plunges as retailer misses sales target
The retailer is now tying sales performance and not just operating income when factoring cash bonuses for its top executives.
By Daphne Howland • April 24, 2015 -
Amazon earnings beat expectations as web services overshadow retail business
Could the e-retailer’s cloud business be the future of the company?
By Daphne Howland • April 24, 2015 -
UPDATE: Banks object to Target and MasterCard settlement over breach
A group of small banks and credit unions say that the settlement is a "sweetheart deal" meant to undermine their own claims.
By Daphne Howland • April 23, 2015 -
Former American Apparel worker lodges fraud accusations against ex-CFO
David Nisenbaum has filed a lawsuit alleging that past CFO and interim-CEO John Luttrell cost the company millions, committed fraud, and fired Nisenbaum when he tried to bring it all to light.
By Daphne Howland • April 23, 2015 -
Jet sets towering expectations ahead of launch
If Jet proves as successful as it expects to be, it may be the first retailer to truly shake up Amazon.
By Daphne Howland • April 23, 2015 -
PayPal outshines eBay's marketplace in revenue for first time
The company says it will spin off payments unit PayPal sometime in Q3.
By Daphne Howland • April 23, 2015 -
Sears Hometown and Outlet CEO departing
The hardware and appliance retail company was spun off from struggling Sears Holding Corp. three years ago.
By Daphne Howland • April 22, 2015 -
Gap vet joins JackThreads to help launch new brand
Tony Kretten joins former Gap colleague Mark Walker as the creative director of mens apparel e-retail site JackThreads.
By Daphne Howland • April 22, 2015 -
Poshmark benefits from mobile-first approach, raises $25M
The fashion resell company also announced its new Apple Watch app.
By Daphne Howland • April 22, 2015 -
Adidas to make apparel, shoes out of plastic ocean waste
The clothing and footwear retailer launched a partnership with Parley for the Oceans to reduce the amount of plastic waste in the world’s oceans.
By Nicole Wrona • April 21, 2015 -
Under Armour sales up, but revenue outlook disappoints
The retailer has profited from its early support of golfer Jordan Spieth, who wowed at this year’s Masters Tournament.
By Daphne Howland • April 21, 2015 -
Google Wallet funds now insured by FDIC
The payments service will store unused balances in insured institutions.
By Ian P. Murphy • April 21, 2015 -
Rite Aid hires new CIO amid changing healthcare environment
Steve Rempel previously worked in IT at Safeway for 35 years.
By Daphne Howland • April 21, 2015 -
Frederick's of Hollywood files for Chapter 11
The retailer practically invented American lingerie retail, but in recent years allowed the likes of Victoria’s Secret to take the lacy camisole off its back.
By Daphne Howland • April 21, 2015 -
Staples shakes up merchant chief position ahead of merger
The retailer named Peter J. Scala its EVP of merchandising, replacing Mike Edwards who has left Staples, effectively immediately.
By Daphne Howland • April 21, 2015 -
Costco said to pay almost nothing on cards in new deal
The deal with Visa and Citigroup will reportedly charge Costco almost zero for credit-card payments.
By Kelsey Lindsey • April 20, 2015