Financial News: Page 361
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Amazon may own '.free' domain
ICANN documents indicate that other bidders have dropped out of the auction.
By Ian P. Murphy • March 23, 2015 -
Rite Aid stock rises on takeover talk
Shareholders liked the idea last week, and Walgreens Boots Alliance has said it will be looking to expand. But it’s unclear whether an acquisition of Rite Aid would be the ticket.
By Daphne Howland • March 23, 2015 -
Former Gap global CMO moves to Spotify
Seth Farbman was instrumental in revitalizing Gap's brand.
By Ian P. Murphy • March 23, 2015 -
J.C. Penney shuffles C-suite, again
Executive vice president and general counsel Janet Dhillon is leaving amid other staff changes at the retailer.
By Daphne Howland • March 23, 2015 -
Report claims Mall of America 'catfished' protesters in December
Malls are gathering places with particular, challenging security concerns. But if the allegations are true, the Mall of America's actions may drive shoppers away.
By Daphne Howland • March 23, 2015 -
Toys 'R' Us swings to profit after cost cutting
The retailer is also moving away from its iconic Times Square location in New York City.
By Daphne Howland • March 23, 2015 -
Rakuten continues to diversify with OverDrive acquisition
Japan's largest online marketplace has expanded its e-book footprint.
By Ian P. Murphy • March 20, 2015 -
FAA gives Amazon the go-ahead to test drones
The agency has been slow in releasing rules for commercial use of remote-controlled aircraft. This is a small breakthrough for Amazon, but hardly approval of its drone program.
By Daphne Howland • March 20, 2015 -
Sears defends its ability to pay vendors
The retailer pushed back on reports that said it was forced to pay invoices early, saying it’s doing fine and moving forward with its planned REIT.
By Daphne Howland • March 20, 2015 -
TAG Heuer developing luxury smartwatch with Google, Intel
Apple’s conspicuous entry into the market with its $10,000 gold Apple Watch has clearly caught the attention of the upscale watchmaker.
By Daphne Howland • March 20, 2015 -
Hedge fund says its bid could save RadioShack stores
But Standard General’s offer for next week's auction is being challenged by other RadioShack lenders.
By Daphne Howland • March 20, 2015 -
Deep Dive
How retail's gender gap affects retailers
Women are essential to retail, as both customers and hourly workers. But is the industry making things harder for one of its most valuable demographics?
By Daphne Howland • March 19, 2015 -
Target agrees to settle breach lawsuit for $10M
The retailer has proposed to pay victims of its massive 2013 data hack up to $10,000 each.
By Kelsey Lindsey • March 19, 2015 -
Second American Apparel ad banned in UK
The retailer's bodysuit ad was seen as an attempt to sexualize a child by UK authorities.
By Ian P. Murphy • March 19, 2015 -
Ulta's e-commerce revenue jumps 56%
Total sales grew 21.4% to reach $3.2 billion in 2014.
By Ian P. Murphy • March 19, 2015 -
DSW beats expectations on e-commerce push
But the retailer is finding that ship-from-store is expensive and will tweak how it fulfills online orders from stores, its CEO says.
By Daphne Howland • March 19, 2015 -
Mary Kay Cosmetics sues RetailMeNot for fraud
The coupon site says it’s a bridge between shoppers and brands, but the cosmetics company would like to burn that.
By Daphne Howland • March 19, 2015 -
Amazon shuttering Webstore e-commerce platform
Small and medium retailers now have several other strong platform options like Shopify and Bigcommerce.
By Daphne Howland • March 19, 2015 -
Target plans to raise minimum wage to $9 per hour, WSJ reports
The retailer will boost its minimum starting next month.
By Kelsey Lindsey • March 18, 2015 -
Joe Fresh founder leaving company
Charismatic designer and entrepreneur Joe Mimran is stepping down, and president Mario Grauso is well prepared to expand the brand, the company said.
By Daphne Howland • March 18, 2015 -
Foot Locker revamping stores, eyes $10B in sales by 2020
As sports apparel booms for athletics and weekend leisure, the retailer aims to cash in with the right mix of merchandise.
By Daphne Howland • March 18, 2015 -
UPDATE: Simon sweetens bid for mall operator Macerich
Simon Property Group boosted its cash and stock offer for rival Macerich Co. and said it would withdraw that "best and final" offer if Macerich didn't take a meeting by April 1.
By Daphne Howland • March 18, 2015 -
Sotheby's, eBay launch partnership
The first online auction by the two companies will go live online April 1 to a broad global customer base.
By Daphne Howland • March 17, 2015 -
Adidas to drop NBA licensing partnership
Adidas' decade-long partnership with the basketball league will end, as a new deal is likely too expensive for the slipping sports gear retailer.
By Daphne Howland • March 17, 2015 -
Glamour launching e-commerce efforts
The move, beginning in the UK and U.S. this year, makes good on the retail push begun by publisher Condé Nast two years ago.
By Daphne Howland • March 17, 2015