Financial News: Page 368
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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 -
Improving home market boosts Home Depot earnings
But the ongoing backlog at West Coast ports and the strong dollar will hit the retailer this year.
By Daphne Howland • Feb. 25, 2015 -
Nordstrom beefing up e-commerce strategy
The department store retailer will assimilate its flagship and Rack stores with its new e-commerce initiatives.
By Daphne Howland • Feb. 25, 2015 -
West Coast ports slowdown hits Macy's Q4 sales
The retailer also announced it will invest heavily in the development off-price stores.
By Daphne Howland • Feb. 25, 2015 -
More shake ups for American Apparel marketing, digital teams
New hires Cynthia Erland and Thoryn Stephens have significant experience in marketing and digital commerce.
By Daphne Howland • Feb. 24, 2015 -
Target raises the bar with new free shipping minimum
By lowering its free shipping threshold to $25, Target now has the upper hand on Amazon and Wal-Mart.
By Kelsey Lindsey • Feb. 23, 2015 -
E-commerce gives Nordstrom a Q4 boost
The department store beat expectations for its Q4 revenue and sales, although its acquisition of menswear e-retailer Trunk Club took a bite out of profits.
By Daphne Howland • Feb. 23, 2015 -
New Petsmart campaign emphasizes 'Pethood'
Ads that debuted during the Oscars show doting pet "parents" at home and in consultation with helpful staffers.
By Ian P. Murphy • Feb. 23, 2015 -
Delivery startup Postmates snags $35M in funding
The on-demand delivery space continues to see expansion and competition, and Postmates is expanding rapidly.
By Daphne Howland • Feb. 23, 2015 -
Frederick's of Hollywood shuttering at least a third of stores
The Los Angeles-based lingerie retailer may have leaned on its iconic name and traditional business strategy a bit too long.
By Daphne Howland • Feb. 23, 2015 -
American Apparel fires creative directors
Iris Alonzo was fired and rehired during the retailer’s past summer of high drama, but it looks like it will stick this time.
By Daphne Howland • Feb. 23, 2015 -
Ann Inc. said to be looking to sell
The New York-based parent of Ann Taylor, Loft, and Lou & Grey stores has been struggling and is under pressure to find a buyer.
By Daphne Howland • Feb. 20, 2015 -
Ikea finalizes plans for Midwest hub
The 72-acre distribution center will serve Ikea stores as well as the retailer's growing e-commerce business.
By Daphne Howland • Feb. 20, 2015 -
Kenneth Cole names new CEO
The footwear and apparel retailer has been without a CEO since 2012, when Paul Blum left and the company went private.
By Daphne Howland • Feb. 20, 2015