Financial News: Page 369
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Justice shuttering Brothers brand
The retailer is also revamping merchandise and marketing for mall-based Justice stores, which have seen sluggish sales.
By Daphne Howland • Feb. 20, 2015 -
Deep Dive
Why Wal-Mart is raising its wages
Wal-Mart's CEO believes the move will result in 'superior customer experiences.'
By Kelsey Lindsey • Feb. 19, 2015 -
Wal-Mart announces pay raise for 500K employees
The news came right before the retailer revealed healthy Q4 earnings, more or less meeting analysts’ expectations.
By Daphne Howland • Feb. 19, 2015 -
Apple working on store redesign
The changes are partly attributed to the company’s Watch launch, according to a profile of Apple designer Jony Ive.
By Daphne Howland • Feb. 18, 2015 -
Deep Dive
Can Jet.com get liftoff?
The e-commerce startup by Quidsi entrepreneur Marc Lore could bring a new dimension to online shopping.
By Daphne Howland • Feb. 17, 2015 -
Nike CFO to retire
Donald Blair will leave later this summer and SVP of finance Andrew Campion will take over.
By Daphne Howland • Feb. 17, 2015 -
Proposed FAA rules complicate Amazon drone delivery plans
The rules released Sunday include a requirement that a drone operator be in the aircraft's line of sight.
By Daphne Howland • Feb. 17, 2015 -
No New Year bonuses for Alibaba employees this year
Aside from its massive IPO, the retail giant in 2014 did not have "exceptional results,” says founder and executive chairman Jack Ma.
By Daphne Howland • Feb. 17, 2015 -
Deep Dive
Why the Staples-Office Depot merger may (or may not) happen
The merger between Staples and Office Depot didn’t pass muster nearly 20 years ago. What, if anything, has changed?
By Daphne Howland • Feb. 13, 2015 -
Costco to drop American Express cards next year
The wholesale retailer’s board said it is doing what’s best for its customers.
By Daphne Howland • Feb. 13, 2015 -
Jo-Ann Stores names new president and CEO
Jill Soltau was Shopko president and chief merchandising officer for the past two years, EVP there since 2009.
By Daphne Howland • Feb. 13, 2015 -
Rakuten's Q4 profit spikes thanks to Ebates buy
The Japanese e-commerce company wants to be a worldwide marketplace player like Amazon or Alibaba.
By Daphne Howland • Feb. 13, 2015 -
Flash sales e-retailer Zulily stumbles
The Seattle-based retailer said Q4 profits were unexpectedly down and announced the surprise departure of CFO Marc Stolzman.
By Daphne Howland • Feb. 13, 2015 -
Staples under fire for strict part-time policy
The retailer has stiffened its consequences for employees who work more than 25 hours a week, drawing the attention of President Barack Obama and others.
By Daphne Howland • Feb. 12, 2015 -
Rite Aid expands health services with acquisition
The drugstore retailer said it’s buying pharmaceutical services company EnvisionRx for $2 billion in cash and stock.
By Daphne Howland • Feb. 12, 2015 -
Pier 1 replaces CFO after bungled forecast report
Details are elusive, but the company said it didn't adequately forecast revenue and has replaced CFO Charles Turner.
By Daphne Howland • Feb. 12, 2015 -
Private equity firm in talks to buy Chico's
Sycamore Partners is seeking financing for what would be the largest leveraged buyout in months, according to sources.
By Daphne Howland • Feb. 11, 2015 -
CVS makes up for tobacco losses in Q4
The drugstore retailer saw growth in its Medicaid business, which could be vulnerable if the Affordable Care Act is ever gutted.
By Daphne Howland • Feb. 11, 2015 -
Urban Outfitters' healthy Q4 report marred by Internet outcry
The retailer had one of its best quarters in months, but is under fire once again for selling a tapestry reminiscent of Holocaust garb.
By Daphne Howland • Feb. 11, 2015 -
Olympians to work at Dick's Sporting Goods
The agreement with Team USA gives athletes in training the jobs and support needed, according to the U.S. Olympic Committee.
By Daphne Howland • Feb. 11, 2015 -
Zara parent ends use of angora wool after animal-rights protests
Spanish fast-fashion company Inditex joined other major retailers that have stopped manufacturing with the textile after protests from PETA.
By Daphne Howland • Feb. 10, 2015 -
Gap Inc. sees healthy Q4
Banana Republic and Old Navy thrived as the flagship brand continued to sag.
By Daphne Howland • Feb. 10, 2015 -
Retailers add 35K jobs in January
Many retail companies kept on hires made over the holidays, according to the U.S. Bureau of Labor Statistics.
By Daphne Howland • Feb. 10, 2015 -
Deep Dive
Can Sears make a comeback?
It has a very good chance of it, says at least one analyst. And Sears has done it before.
By Daphne Howland • Feb. 9, 2015 -
Alibaba buys stake in smartphone manufacturer
The Chinese e-commerce giant hopes to boost use of its mobile OS.
By Ian P. Murphy • Feb. 9, 2015