Financial News: Page 360
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Top Abercrombie execs go head-to-head during CEO search
Three top executives at the retailer are leading Abercrombie as it searches for a CEO, possibly from their ranks. But who has the vision the company badly needs?
By Daphne Howland • May 11, 2015 -
Zappos sees workforce exodus ahead of 'holacracy' transition
Around 14% of employees are taking CEO Tony Hsieh’s “love it or leave it” offer as the company transitions to its unique management system.
By Daphne Howland • May 11, 2015 -
Simply Fashion and Dots stores to close nationwide
The retail company filed for bankruptcy protection in April, and now plans to liquidate everything.
By Daphne Howland • May 11, 2015 -
Alibaba buys major stake in Zulily
The Chinese retail giant took advantage of Zulily's low stock price last week to gain 9.3% control of the company.
By Daphne Howland • May 11, 2015 -
Bonobos names new CEO ahead of brick-and-mortar expansion
Former Coach exec Francine Della Badia will take the CEO position June 1.
By Ian P. Murphy • May 11, 2015 -
CVS to review media account
The chain awarded creative to BBDO last year.
By Ian P. Murphy • May 11, 2015 -
Deep Dive
Retail Therapy: Scandalous gowns, high tech heels, and communist e-commerce
North Korea launches its first e-commerce operation while James Franco pens an ode to McDonald's.
By Kelsey Lindsey • May 8, 2015 -
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