Financial News: Page 359
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Apple shifting its brick-and-mortar philosophy
The company wants customers to order the Watch and the new MacBook online, which retail chief Angela Ahrendts calls "a significant change in mindset.”
By Daphne Howland • April 8, 2015 -
WalmartLabs exec jumps to omnichannel firm
Mahesh Tyagarajan previously led WalmartLab's Global eCommerce Platform.
By Daphne Howland • April 7, 2015 -
American Apparel taps Band of Outsiders designer
Joseph Pickman rounds out CEO Paul Schneider’s team and will be helping the struggling retailer boost its menswear side.
By Daphne Howland • April 7, 2015 -
California's water-saving order hits denim makers
Governor Jerry Brown’s order could end up influencing fashion design, as the look and feel of denim changes due to these water-saving measures.
By Daphne Howland • April 7, 2015 -
Party City readies IPO, seeks $2B valuation
The only nationwide party store expects to raise up to $372 million in the first retail IPO of the year.
By Daphne Howland • April 7, 2015 -
Lane Bryant jabs Victoria's Secret in new campaign
The lingerie retailer's #ImNoAngel campaign is scheduled to run on television, in print, and on social media channels.
By Ian P. Murphy • April 7, 2015 -
Alibaba seeks inroads in India
The Chinese e-com giant will compete with Snapdeal instead of buying it.
By Ian P. Murphy • April 6, 2015 -
Muji brings its price-cutting ethos to US stores
The retailer’s “always good prices” policy leads it to permanently slash prices from time to time. Now it's bringing that to its U.S. stores.
By Daphne Howland • April 6, 2015 -
Saks president departing after 15 months
Marigay McKee was brought on to make big changes after helping turn around luxury department store Harrod’s, but is leaving because the “fit wasn’t perfect.”
By Daphne Howland • April 6, 2015 -
Former Dell exec tapped as RadioShack CEO
Ron Garriques has received mixed reviews for his tenure at Dell.
By Daphne Howland • April 6, 2015 -
Economy hits a soft patch: Commerce Department
The March jobs report was a little off mainly due to severe winter weather. While things will likely pick up as the weather warms up, stagnant wages remain a problem.
By Daphne Howland • April 6, 2015 -
Forever 21 expanding with new categories
The fast-fashion chain is adding collections for men, tweens, and plus sizes to more stores.
By Daphne Howland • April 6, 2015 -
Ace Hardware expands pick-up in store
For hardware stores, which often see customers in need of a tool or supplies that they need right away, the option seems especially useful.
By Daphne Howland • April 2, 2015 -
Sears REIT to raise $2.6B from shareholders
The retailer Wednesday released more details about its plans to leverage its extensive real estate holdings.
By Daphne Howland • April 2, 2015 -
Wal-Mart has big plans to improve physical stores
After touting a push to boost e-commerce for months, the retail giant now admits its stores are in need of attention.
By Daphne Howland • April 2, 2015 -
Social media firm Sprinkler attracts capital for growth
The social media management platform targets large clients.
By Ian P. Murphy • April 2, 2015 -
GNC names new marketing agencies
The three innovative partners understand GNC's brand, the company says.
By Ian P. Murphy • April 2, 2015 -
American Apparel laying off 180 employees
The struggling retailer will start layoffs as part of its restructuring plan.
By Kelsey Lindsey • April 1, 2015 -
Hundreds of RadioShack stores survive bankruptcy
A bankruptcy judge deemed hedge fund Standard General’s offer “economically superior” and the best chance to keep afloat a “century-old American retailing icon.”
By Daphne Howland • April 1, 2015 -
PetSmart beefs up leadership team
PetSmart was bought in December by a London-based private equity firm and in March announced it was going private. Now comes the fun part.
By Daphne Howland • April 1, 2015 -
Groupon launches marketplace for its Goods business
The company is steadily inching away from its deals-by-email approach.
By Daphne Howland • April 1, 2015 -
Wal-Mart urges Arkansas governor to veto 'religious freedom' bill
The state’s governor says he’s likely to sign the bill, but the world’s largest retailer warns that it would be bad for business.
By Daphne Howland • April 1, 2015 -
Zappos to employees on 'no bosses' policy: 'Take it or leave it'
The company is sweetening the path to exit in order to speed up adoption of its “holacracy” approach, which eliminates not just job titles but also traditional business hierarchies.
By Daphne Howland • April 1, 2015 -
IBM teams with The Weather Company to produce analytics for retailers
Weather can affect $500 billion in business every year.
By Ian P. Murphy • March 31, 2015 -
Yoox completes Net-a-Porter merger in all-share deal
The new company, Yoox Net-a-Porter Group, will combine Net-a-Porter's editorial skills with Yoox's online retailing expertise.
By Kelsey Lindsey • March 31, 2015