Financial News: Page 366
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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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • March 27, 2015 -
Lululemon same-store sales up, gives weak outlook
And the retailer may be expanding beyond its exclusive “skinny girl” vibe.
By Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • March 25, 2015 -
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 Daphne Howland • 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 -
Retrieved from Ebay on August 01, 2014
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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • March 23, 2015 -
Retrieved from Amazon on July 29, 2013
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