Financial News: Page 367
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Tesco executive to be new Target CIO
Mike McNamara has a reputation for tech savvy across channels.
By Daphne Howland • Feb. 4, 2015 -
Staples buying Office Depot for $6.3B
Although the Federal Trade Commission once nixed a deal between the two office-supply rivals, times have changed.
By Daphne Howland • Feb. 4, 2015 -
Google reports growth in clicks, revenues for Q4
Price per click decreases 3% due to pressure from cheaper mobile ads.
By Ian P. Murphy • Feb. 4, 2015 -
Deep Dive
Gas is down and the dollar's up. What does that mean for retail?
The value of the dollar and gas prices have a major impact on retail—both good and bad.
By Daphne Howland • Feb. 3, 2015 -
Staples, Office Depot reportedly in talks to merge
The move comes after activist investor Starboard Value made a public push for the two companies to merge last month.
By Kelsey Lindsey • Feb. 3, 2015 -
Paris court rules in favor of Guess in trademark suit
A series of trademark infringement cases brought by Gucci accused the retailer of lifting Gucci's patterns and designs.
By Ian P. Murphy • Feb. 3, 2015 -
New York attorney general takes on retailers over supplement sales
The attorney general says that GNC, Target, Walgreens, and Wal-Mart Stores are ripping off their customers and putting some at risk.
By Daphne Howland • Feb. 3, 2015 -
Dolce & Gabbana exec new Lands' End CEO
Lands’ End CEO Edgar Huber is leaving after three years, during which the apparel retailer separated from Sears.
By Daphne Howland • Feb. 3, 2015 -
Target expanding smaller store format to more markets
For the first time, the retailer is opening more stores in urban areas than suburban big boxes.
By Daphne Howland • Feb. 3, 2015 -
Amazon eyeing RadioShack stores
It looks like the end for RadioShack as Sprint and Amazon are said to be considering buying up the retailer's stores as it prepares for bankruptcy.
By Daphne Howland • Feb. 3, 2015 -
Lululemon founder resigns from board
Chip Wilson founded the yoga apparel maker in 1998.
By Kelsey Lindsey • Feb. 2, 2015 -
Wal-Mart Stores announces cuts at HQ
The retail giant is making moves to refocus and restructure in light of its e-commerce and tech goals.
By Daphne Howland • Feb. 2, 2015 -
Apple tops many retail chains in in-store sales: study
But brick-and-mortar sales represent only 12% of the $700 billion company's annual revenues.
By Ian P. Murphy • Feb. 2, 2015 -
Congress considering 'provider status' for pharmacists
Congress last week introduced new bills that would allow Medicare payments to pharmacists for certain services, boosting drugstores' efforts to expand their business.
By Daphne Howland • Feb. 2, 2015 -
Rebekka Bay leaves creative director role at Gap
Many had high hopes for Danish branding guru Bay, brought on to help the retailer’s lackluster merchandise and sluggish sales.
By Daphne Howland • Feb. 2, 2015 -
RadioShack negotiating bankruptcy details
The struggling electronics retailer was aiming to file for Chapter 11 today, sources say.
By Daphne Howland • Feb. 2, 2015 -
Gap shakes up management with customer experience in mind
The retailer eliminated the creative director position and says it will recalibrate for customer engagement.
By Ian P. Murphy • Jan. 30, 2015 -
Bain & Co retail exec to lead Box's retail unit
Josh Chernoff will lead the cloud services and file-sharing company's new Box for Retail operation.
By Daphne Howland • Jan. 30, 2015 -
Jones New York closing stores, wholesale business
The company, which was acquired by Sycamore Partners last year, says it’s looking at possible "alternative strategies."
By Daphne Howland • Jan. 30, 2015 -
Kate Spade shuttering all Saturday, Jack Spade stores
But Kate Spade & Company also announced a new kids line and efforts to expand in China.
By Daphne Howland • Jan. 30, 2015 -
Amazon pleases with Q4 profit
The company’s share price rose as much as 14% on the news of a quarterly profit that beat most expectations.
By Daphne Howland • Jan. 30, 2015 -
Alibaba misses revenue estimates
The e-commerce giant reported its earnings a day after the Chinese government criticized Alibaba for its sale of fake goods.
By Kelsey Lindsey • Jan. 29, 2015 -
More faltering malls to close in 2015: study
The fortunes of the U.S. mall mirror the fortunes of the country's haves and the have-nots, according to research by Green Street Advisors.
By Daphne Howland • Jan. 29, 2015 -
Sofia Vergara ends Kmart endorsement
The "Modern Family" actress's endorsement strategy seems to be going upscale.
By Ian P. Murphy • Jan. 29, 2015 -
H&M plans 400 new stores as profit surges
The Stockholm-based retailer is taking a hit from the strong U.S. dollar, however.
By Daphne Howland • Jan. 29, 2015