Financial News: Page 368


  • Dollar General increasing hours, not wages

    Many workers say that getting enough hours is as important as getting enough pay when it comes to making a living.

    By March 17, 2015
  • Image attribution tooltip
    "J. C. Penney Co." by Chris Chan is licensed under CC BY 2.0
    Image attribution tooltip

    J.C. Penney CMO exits

    Debra Berman was charged with revitalizing the department store's brand. 

    By Ian P. Murphy • March 16, 2015
  • Wal-Mart shuffles grocery team in effort to improve food

    Wal-Mart Stores Inc. is shaking up its executive food team in an effort to bring in more shoppers.

    By March 16, 2015
  • TigerDirect giving up on brick-and-mortar

    The Miami-based retailer once gobbled up Circuit City and CompUSA, but things have changed for electronics retail.

    By March 16, 2015
  • Lumber Liquidators shares tumble, again

    The retailer’s shares rose after going on the defensive Thursday, but those gains have disappeared as the controversy continues.

    By March 16, 2015
  • Wet Seal acquired by Versa Capital at auction

    Unlike retailers Delia’s and RadioShack, the teen apparel retailer has a chance to survive its bankruptcy.

    By March 16, 2015
  • Facebook buys shopping search engine TheFind

    The e-commerce search engine could help improve localized results for Facebook's search. 

    By Ian P. Murphy • March 16, 2015
  • Dollar Tree storefront.
    Image attribution tooltip
    The image by Mike Mozart is licensed under CC BY 2.0
    Image attribution tooltip

    FTC could call for 250 divestitures for Dollar Tree

    The retailer is optimistic the merger can happen by April.

    By David Oliver • March 13, 2015
  • Lumber Liquidators CEO: 'Confident' products are safe

    The lumber company says it understands that consumers are alarmed by a damning 60 Minutes report, but says that better testing reveals that there’s little problem with its laminate.

    By March 13, 2015
  • Ulta has billion-dollar quarter

    The retailer continues to see healthy sales and growth, with 100 new stores planned to open this year.

    By March 13, 2015
  • Express tops estimates in holiday quarter

    Unlike many of its competitors, the apparel retailer is exceeding expectations thanks to its outlet strategy.

    By March 13, 2015
  • Aeropostale's recovery stalled by weather, ports issues

    The fact that the retailer posted its first profit in many quarters doesn’t matter much at the moment, but CEO Julian Geiger says things will get better.

    By March 13, 2015
  • Alibaba recruiting talent from Seattle's tech hub

    It’s fitting, considering how much the city inspired founder Jack Ma when he visited in the eighties. 

    By March 13, 2015
  • Alibaba to invest $200 million in Snapchat

    The Chinese e-commerce company also said that Mike Katz will join its investment team from San Francisco.

    By March 12, 2015
  • Dollar General moves ahead with 730 new stores

    The retailer will open the new stores as it strives to compete with its bulked up Dollar Tree-Family Dollar competitor and new pushes by Wal-Mart Stores and Target.

    By March 12, 2015
  • Image attribution tooltip
    Retrieved from Amazon on March 12, 2015
    Image attribution tooltip

    Amazon unveils Pinterest-like 'Exclusives' storefront

    “Amazon Exclusives” has a selection of products that are found exclusively on the storefront or on the sellers’ own sites.

    By March 11, 2015
  • LL Bean to triple US stores by 2020

    E-commerce came naturally to the retailer, which has sold boots, apparel, and gear through its catalog for more than 100 years. But now it needs more stores.

    By March 11, 2015
  • PayPal acquires Israeli cyber-security firm

    The deal comes a week after the payments company, soon an eBay spinoff, bought mobile wallet Paydiant.

    By March 11, 2015
  • Barnes & Noble stays committed to Nook despite tumbling sales

    The bookseller says it is invested in its e-reader, despite a 50% sales drop in its last quarter. 

    By March 11, 2015
  • Target begins layoffs with 1700 job cuts

    The layoffs are part of the retailer's recently announced turnaround plan.

    By Kelsey Lindsey • March 10, 2015
  • UPDATE: Consumer safety watchdog looking into Lumber Liquidators

    The Consumer Product Safety Commission confirmed that it has requested the test results of a damning journalism report by 60 Minutes, which sent the retailer's stock into an even deeper dive.

    By March 10, 2015
  • Barnes & Noble invests in online study vendor Flashnotes

    The investment makes good on the bookseller’s announcement last month that it would spin off and expand its collegiate business.

    By March 10, 2015
  • Cache to close all stores

    After filing for Chapter 11 bankruptcy protection early last month, the women’s apparel retailer said it will end its business operations entirely.

    By March 10, 2015
  • PetSmart to go private

    Investors approved the $8.7 billion bid from London-based private equity firm BC Partners.

    By March 10, 2015
  • Image attribution tooltip
    Curalate
    Image attribution tooltip

    Urban Outfitters beats estimates with Q4 sales increase

    The Philadelphia-based apparel retailer saw the first same-store sales increase for its namesake brand in three quarters.

    By March 10, 2015