Financial News: Page 366


  • GNC bolstering quality controls

    The supplements retailer will announce a plan to test its products in an agreement with the New York State attorney general’s office

    By March 30, 2015
  • Restoration Hardware takes the long view with new growth strategy

    The retailer is more into its catalog than social media, and is sticking with brick-and-mortar to successfully reach its wealthy target customers.

    By March 30, 2015
  • Best Buy folding Canadian Future Shop chain

    The retailer bought the iconic Canadian electronics store chain in 2001, but says it must focus on its flagship brand in the country.

    By March 30, 2015
  • RadioShack auction prolonged by lender quarrels

    The retailer is fighting for a Standard General bid that is $20 million higher, but other lenders are pushing back hard.

    By March 27, 2015
  • Walgreens ends 'Be Well' directive

    Employees at the drugstore chain are no longer required to issue the stock phrase upon checkout. 

    By Ian P. Murphy • March 27, 2015
  • Ousted American Apparel CEO seeks $40M in damages

    Dov Charney has re-constituted a lawsuit he instigated nearly a year ago, but suspended in hopes of a return.

    By March 27, 2015
  • Fred's Super Dollar beefs up executive suite, buys specialty pharmacy

    With an improving economy and the merger of Family Dollar and Dollar Tree, “dollar stores” don’t have the luxury of any inefficiencies.

    By March 27, 2015
  • Lululemon same-store sales up, gives weak outlook

    And the retailer may be expanding beyond its exclusive “skinny girl” vibe.

    By March 27, 2015
  • UPDATE: Consumer Product Safety Commission investigating Lumber Liquidators

    Sens. Bill Nelson and Charles Schumer had asked several federal agencies to investigate whether the retailer is selling toxin-contaminated laminate.

    By March 26, 2015
  • Lands' End stumbles in Q4

    Already vulnerable because of its ongoing association with Sears stores, sales and profits were also dinged by a product recall and the strong dollar.

    By March 26, 2015
  • American Apparel says S.E.C. looking into Dov Charney ouster

    Founder Charney was demoted and ultimately fired last year but hasn’t quite given up the idea of a return.

    By March 26, 2015
  • UPDATE: Yoox, Amazon reportedly in talks to buy Net-A-Porter

    A purchase like this could launch the fashion commerce that Amazon has been vying for, but Italian e-commerce fashion retailer Yoox may be closer to such a deal, according to weekend reports.

    By March 26, 2015
  • Toys 'R' Us to transform stores into play destinations

    The retailer wants children to come in and play for a while so their parents spend more time (and money) at its stores.

    By March 25, 2015
  • Cybersecurity legislation moves through Congress

    Several bills addressing data sharing, privacy protection, and cybersecurity measures appear to have broad support and a good chance of becoming law.

    By March 25, 2015
  • Standard General ups its bid in RadioShack bankruptcy auction

    But the process may be held up by objections filed by two states and AT&T over the retailer’s bankruptcy sale of customer data.

    By March 25, 2015
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    Fotolia
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    PayPal, eBay chiefs to get $14M each after split

    Dan Schulman will be PayPal CEO and Devin Wenig will be eBay CEO after the companies split up later in the year.

    By March 25, 2015
  • Facebook to push for beauty advertisers

    The social media company has hired former InStyle publisher Karin Tracy, who has deep connections with beauty brands.  

    By Ian P. Murphy • March 24, 2015
  • Sephora upgrades loss prevention systems

    The beauty retailer will add IP cameras, digital video recorders, alarm panels, and electronic article surveillance (EAS) tag systems at all stores. 

    By Ian P. Murphy • March 24, 2015
  • H&M profit beats estimates, warns on strong dollar

    The apparel retailer also said that it will open around 400 new stores in the 2014-2015 financial year.

    By Kelsey Lindsey • March 24, 2015
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    Retrieved from Ebay on August 01, 2014
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    EBay adds GoPro president, Red Cross CEO to board

    The appointments of independent directors Tony Bates and Gail McGovern help reshape the e-commerce company ahead of its big split from PayPal.

    By March 24, 2015
  • Karmaloop files for bankruptcy

    The street-wise apparel company also garnered financing for its restructuring plan, with Kanye West and Damon Dash reportedly among those interested in buying a stake.

    By March 24, 2015
  • RadioShack auction slowed by Standard General's bid terms

    The auction continues Tuesday as hedge fund Standard General works to get its credit bid accepted.

    By March 24, 2015
  • Amazon boosting Indian fashion business

    Amazon’s apparel business in India is growing by leaps and bounds, but apparel retailers in the U.S. have reasons to be wary.

    By March 23, 2015
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    Retrieved from Amazon on July 29, 2013
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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 March 23, 2015