Financial News: Page 368
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SkyMall may get a comeback
Travel gear company SCOTTeVEST, a featured advertiser in the in-flight catalog, is in talks with SkyMall's parent company to possibly bring it back.
By Daphne Howland • Jan. 29, 2015 -
Sears laying off 115 corporate employees
The cuts from various departments are part of the struggling retailer’s ongoing efforts to trim costs.
By Daphne Howland • Jan. 29, 2015 -
Apple busts expectations with 74.5M iPhones sold last quarter
The momentous phone sales helped lift Apple's quarterly profit by 38%.
By Daphne Howland • Jan. 28, 2015 -
Clothing resale site Tradesy snags another $30M
The investment round comes eight months after the startup retail site collected another $13 million in funding.
By Daphne Howland • Jan. 28, 2015 -
Eco-fashion retailer Reformation starting lower-priced line
The new line, called “Obvious,” has prices that range from $28 to $178.
By Daphne Howland • Jan. 27, 2015 -
Boots exec named global CFO of Walgreens Boots Alliance
The appointment of George Fairweather shows how much influence former Alliance Boots chairman Stefano Pessina has in shaping the new company.
By Daphne Howland • Jan. 27, 2015 -
J.C. Penney closing Foundry Big & Tall stores
The retailer is moving the mens apparel brand completely in-house.
By Daphne Howland • Jan. 27, 2015 -
Uniqlo announces Canadian expansion
Despite recent retail troubles in the country, Uniqlo plans on opening two stores in Canada late next year.
By Kelsey Lindsey • Jan. 26, 2015 -
Sears Canada makes Boire permanent CEO
Ronald D. Boire has served as the company's acting president and CEO since Oct. 15, 2014.
By Daphne Howland • Jan. 26, 2015 -
UPDATE: Saks drops controversial argument on transgender discrimination
Saks Monday said it's withdrawing its legal argument that transgender employees are not protected under anti-discrimination law.
By Daphne Howland • Jan. 26, 2015 -
UPDATE: American Apparel board warned of conflict of interest
UPDATE: Shareholder Michael Bigger says the retailer’s board is controlled by a hedge fund whose interests conflict with the retailer’s other shareholders, but the a spokeswoman for the fund says his claims are "baseless."
By Daphne Howland • Jan. 26, 2015 -
Gap to shutter Piperlime brand
The unit, which began as an online shoe store in 2006, makes up less than 1% of Gap Inc.’s revenue.
By Daphne Howland • Jan. 26, 2015 -
Macy's to boost California fulfillment center
An aggressive omnichannel strategy has helped the department store chain compete with traditional and online-only retailers.
By Ian P. Murphy • Jan. 25, 2015 -
Deep Dive
B Corps: The business of doing good business
Benefit corporations and certified B corps add a layer of responsibility to retailers' overall business goals, and may be beneficial to a company's long-term objectives.
By Daphne Howland • Jan. 23, 2015 -
SkyMall parent company files for bankruptcy
Xhibit is looking for a buyer for its in-flight catalog SkyMall, with revenues falling dramatically in the past year.
By Kelsey Lindsey • Jan. 23, 2015 -
J. Crew CEO leaving Apple board
Millard “Mickey” Drexler was tapped by Steve Jobs 16 years ago to help guide Apple’s retail operations.
By Daphne Howland • Jan. 23, 2015 -
Instacart partners with Petco for same-day delivery
For people with pets, this is another way to get an errand done and care for their little friends. For Instacart, it’s a win in the on-going delivery wars.
By Daphne Howland • Jan. 23, 2015 -
Rihanna prevails in lawsuit over Topshop T-shirts
The singer sued the retailer for selling apparel emblazoned with her photo without her permission.
By Daphne Howland • Jan. 23, 2015 -
Sears taps pharmacy veteran for Kmart unit
Phil Keough was CEO and president of long term-care company Millennium Pharmacy Systems and previously served in top positions at CVS Health and Rite Aid.
By Daphne Howland • Jan. 23, 2015 -
Wal-Mart expands in Canada
Wal-Mart Canada is opening new stores and remodeling existing locations the same time rival Target is exiting the country.
By Daphne Howland • Jan. 23, 2015 -
Family Dollar shareholders approve merger with Dollar Tree
After months of back and forth, the acquisition of Family Dollar by rival Dollar Tree may finally be happening.
By Kelsey Lindsey • Jan. 22, 2015 -
Amazon in need of diaper change
Amazon pulled its diaper line less than two months after launch after receiving only mediocre reviews from customers.
By Daphne Howland • Jan. 22, 2015 -
Fanatics inks NASCAR deal to run racetrack superstores
The web retailer is broadening both its brand and reach through an expansion into physical stores.
By Daphne Howland • Jan. 22, 2015 -
Lowe's begins seasonal hiring of 30,000 associates
The home improvement retailer is hiring 5,000 more workers than last year, but 15,000 fewer than 2013.
By Daphne Howland • Jan. 22, 2015 -
eBay to cut 2,400 jobs, may go public with eBay Enterprise unit
The marketplace company is facing a difficult year as it prepares to spin off its PayPal payments unit.
By Daphne Howland • Jan. 22, 2015