Financial News: Page 364
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UPDATE: Target to shift grocery, appeal to millennials
The company's grocery department looks like it's soon headed for a makeover.
By David Oliver • March 3, 2015 -
Fab.com completes fire sale to PCH
Fab.com CEO Jason Goldberg will be leaving the company to focus on his new furniture website, Hem.
By Kelsey Lindsey • March 3, 2015 -
Alibaba ordered out of Taiwan after investment violation
The government says the retail giant’s local entity has been improperly registered as a Singaporean company, but founder Jack Ma says the company followed all laws.
By Daphne Howland • March 3, 2015 -
Best Buy Geek Squad chief departs
President of services Christopher Askew came on less than two years ago.
By Daphne Howland • March 3, 2015 -
American Apparel CEO receives emails pushing #TeamDov campaign
Paula Schneider says she hasn’t responded to what may or may not be internal emails, but is asking employees to “not be influenced” by the missives.
By Daphne Howland • March 3, 2015 -
Petland taps former Wal-Mart exec
Tony Samples, who was previously VP of retail operations at Wal-Mart, will oversee the franchise pet company’s store division and merchandising and marketing efforts.
By Daphne Howland • March 3, 2015 -
Deep Dive
What's next after Wal-Mart's wage increase
Wal-Mart Stores' move to raise pay for its hourly workers is taking the retail world by storm.
By Daphne Howland • March 2, 2015 -
PayPal to acquire mobile wallet firm Paydiant
The move comes ahead of the payments unit's split from eBay Inc.
By Kelsey Lindsey • March 2, 2015 -
Costco to replace its AmEx card with Citi, Visa
Costco members will be able to accrue loyalty points using the co-branded Visa card.
By Daphne Howland • March 2, 2015 -
RadioShack dealers in limbo
The retailer’s independent dealers may be left out in the cold as its bankruptcy proceedings continue.
By Daphne Howland • March 2, 2015 -
Former C Wonder design chief heads to Gap
The hire is seen as a safe bet to shore up sales for the brand.
By Ian P. Murphy • March 2, 2015 -
Old Navy to Gap Inc.'s rescue, again
Gap’s Q4 and full-year sales were bolstered by its Old Navy stores, and many are curious about what new CEO Art Peck has in store.
By Daphne Howland • Feb. 27, 2015 -
Court revives Macy's case against J.C. Penney over Martha Stewart
At issue are certain provisions of J.C. Penney's merchandising contract with Martha Stewart Living Omnimedia.
By Daphne Howland • Feb. 27, 2015 -
Ron Johnson leads $16M investment round in Nasty Gal
Apple's former retail guru is also advising the edgy retailer in the development of its brick-and-mortar stores.
By Daphne Howland • Feb. 27, 2015 -
Barnes & Noble to spin off college business
The separation is planned to be complete by August.
By Kelsey Lindsey • Feb. 26, 2015 -
Sears reports smaller loss in Q4
The company also announced that it plans to form a real estate investment trust in May or June.
By Kelsey Lindsey • Feb. 26, 2015 -
Wal-Mart wage increase ruffling feathers
McDonald’s, for one, says the precedent set by retailers unilaterally raising their minimum wages will hurt profits.
By Daphne Howland • Feb. 26, 2015 -
Dollar Tree CEO: Major changes afoot for Family Dollar
Even stores that stay open will see significant changes to merchandise, says Dollar Tree’s CEO.
By Daphne Howland • Feb. 26, 2015 -
Saks, Lord & Taylor owner considering real estate trust
The retail company says that a REIT could help leverage the true value of many of its real estate holdings.
By Daphne Howland • Feb. 26, 2015 -
RadioShack name to fetch $20M or more in auction
The retailer will also be selling around 1,700 stores separately with a starting bid of $200 million.
By Daphne Howland • Feb. 26, 2015 -
Chico's falters after buyout plans fizzle
Sycamore Partners says it couldn’t line up financing, and the retailer must now take stock of its situation.
By Daphne Howland • Feb. 26, 2015 -
TJX to raise minimum hourly wage to $9
The company follows Wal-Mart with the announcement that employees at TJ Maxx, Marshalls, and other chains will be getting raises.
By Kelsey Lindsey • Feb. 25, 2015 -
Target earnings beat estimates
The retailer saw better-than-expected sales at its stores and revenue that beat expectations.
By Kelsey Lindsey • Feb. 25, 2015 -
Epicor buys Insite's shipping software
The longtime partners offer software to aid in shipping and fulfillment.
By Ian P. Murphy • Feb. 25, 2015 -
Apple ordered to pay $533M in patent infringement case
The verdict shows that patent trolls are still a problem for retailers.
By Daphne Howland • Feb. 25, 2015