Financial News: Page 366
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Flash sales e-retailer Zulily stumbles
The Seattle-based retailer said Q4 profits were unexpectedly down and announced the surprise departure of CFO Marc Stolzman.
By Daphne Howland • Feb. 13, 2015 -
Staples under fire for strict part-time policy
The retailer has stiffened its consequences for employees who work more than 25 hours a week, drawing the attention of President Barack Obama and others.
By Daphne Howland • Feb. 12, 2015 -
Rite Aid expands health services with acquisition
The drugstore retailer said it’s buying pharmaceutical services company EnvisionRx for $2 billion in cash and stock.
By Daphne Howland • Feb. 12, 2015 -
Pier 1 replaces CFO after bungled forecast report
Details are elusive, but the company said it didn't adequately forecast revenue and has replaced CFO Charles Turner.
By Daphne Howland • Feb. 12, 2015 -
Private equity firm in talks to buy Chico's
Sycamore Partners is seeking financing for what would be the largest leveraged buyout in months, according to sources.
By Daphne Howland • Feb. 11, 2015 -
CVS makes up for tobacco losses in Q4
The drugstore retailer saw growth in its Medicaid business, which could be vulnerable if the Affordable Care Act is ever gutted.
By Daphne Howland • Feb. 11, 2015 -
Urban Outfitters' healthy Q4 report marred by Internet outcry
The retailer had one of its best quarters in months, but is under fire once again for selling a tapestry reminiscent of Holocaust garb.
By Daphne Howland • Feb. 11, 2015 -
Olympians to work at Dick's Sporting Goods
The agreement with Team USA gives athletes in training the jobs and support needed, according to the U.S. Olympic Committee.
By Daphne Howland • Feb. 11, 2015 -
Zara parent ends use of angora wool after animal-rights protests
Spanish fast-fashion company Inditex joined other major retailers that have stopped manufacturing with the textile after protests from PETA.
By Daphne Howland • Feb. 10, 2015 -
Gap Inc. sees healthy Q4
Banana Republic and Old Navy thrived as the flagship brand continued to sag.
By Daphne Howland • Feb. 10, 2015 -
Retailers add 35K jobs in January
Many retail companies kept on hires made over the holidays, according to the U.S. Bureau of Labor Statistics.
By Daphne Howland • Feb. 10, 2015 -
Deep Dive
Can Sears make a comeback?
It has a very good chance of it, says at least one analyst. And Sears has done it before.
By Daphne Howland • Feb. 9, 2015 -
Alibaba buys stake in smartphone manufacturer
The Chinese e-commerce giant hopes to boost use of its mobile OS.
By Ian P. Murphy • Feb. 9, 2015 -
Walgreens to launch multicultural beauty line
Actress Eva Mendes is attached as Circa's creative director and spokesperson.
By Ian P. Murphy • Feb. 9, 2015 -
Bebe sees Q2 sales bump
The retailer has been ailing for years, but recently made improvements that have started to turn things around.
By Daphne Howland • Feb. 9, 2015 -
American Apparel CEO reveals plans for turnaround
Paula Schneider says she’s introducing discipline, professionalism, and new focus to the company, while still keeping it “edgy.”
By Daphne Howland • Feb. 9, 2015 -
J.C. Penney revamping in-store salons
The retailer is partnering with InStyle magazine to improve and expand its new “The Salon by InStyle" salons.
By Daphne Howland • Feb. 6, 2015 -
Madewell to partner with Nordstrom
The J. Crew brand will sell select merchandise on Nordstrom's website and in select Nordstrom stores.
By Daphne Howland • Feb. 6, 2015 -
RadioShack files for bankruptcy, crafts deal with Sprint
The lights have dimmed for the 94-year-old electronics retailer.
By Kelsey Lindsey • Feb. 5, 2015 -
Deep Dive
Lululemon founder Chip Wilson moves on
Did you think the Lululemon founder was going to go gracefully?
By Daphne Howland • Feb. 5, 2015 -
Michael Kors logs holiday sales increase, lower margins
The luxury retailer's aggressive growth may be slowing, analysts say.
By Ian P. Murphy • Feb. 5, 2015 -
PayPal retail chief departs ahead of eBay split
Don Kingsborough told Re/Code that he’s “a little frustrated” that PayPal hasn’t had much success as a payment option for physical retailers.
By Daphne Howland • Feb. 5, 2015 -
Cache files for bankruptcy
The 40-year-old retailer was among the first to bring high-end brands like Armani and Versace to the United States.
By Daphne Howland • Feb. 5, 2015 -
Amazon launches campus operations
The e-retailer has co-branded websites with the University of Massachusetts and Purdue University, and its first staffed location at Purdue for pickup and dropoff.
By Daphne Howland • Feb. 4, 2015 -
Macy's acquires spa and beauty company Bluemercury for $210M
Bluemercury will retain its independence and leadership, but may have a presence in Macy’s and Bloomingdale’s stores.
By Daphne Howland • Feb. 4, 2015