Financial News: Page 369
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Deep Dive
Why Target missed the bullseye in Canada
After less than two years in the country, Target announced that it would close all of its 133 stores in Canada. What does this less-than-stellar showing mean for the retailer going forward?
By Kelsey Lindsey • Jan. 21, 2015 -
Barnes & Noble retail CEO to retire
Mitchell Klipper, who oversaw the bookseller’s retail operations and is a 28-year veteran of the company, will retire in May.
By Daphne Howland • Jan. 21, 2015 -
Supreme Court rejects retailers' swipe fee challenge
By leaving the Federal Reserve decision intact without comment, the Supreme Court leaves retailers with little recourse in the fight against swipe fee regulations.
By Daphne Howland • Jan. 21, 2015 -
Hedge fund makes public push for Staples-Office Depot merger
Activist investor Starboard Value sent Staples CEO Ronald Sargent a letter that sets the stage for a proxy fight.
By Daphne Howland • Jan. 21, 2015 -
Private equity firm ends talks to acquire Express
Sycamore Partners Management, which owns several retailers, said it couldn’t get favorable financing terms for the deal.
By Daphne Howland • Jan. 21, 2015 -
Wal-Mart launches in-store tax refund pickup
Introducing yet another financial service for customers, even Wal-Mart shoppers without bank accounts can collect their income tax refunds in cash at any U.S. store.
By Daphne Howland • Jan. 21, 2015 -
Uniqlo under fire for poor factory conditions
An investigation has found several instances of “harsh and dangerous” working conditions at two Chinese factories employed by Japanese fashion retail company Fast Retailing.
By Daphne Howland • Jan. 20, 2015 -
Google in talks to buy mobile payments company Softcard
The internet giant may be looking at acquiring the mobile payments company, and for quite a bargain, according to news reports.
By Daphne Howland • Jan. 20, 2015 -
Tastebud buys 'gamified data' startup SocialCrunch
The two Chicago startups will focus on integrating personalized mobile communication into malls.
By Daphne Howland • Jan. 20, 2015 -
Deep Dive
Smart dressing rooms and touchless checkouts: 4 promising retail tech innovations at NRF 2015
Retail Dive got a sneak peek at the future of physical stores at NRF's annual Big Show.
By Kelsey Lindsey • Jan. 16, 2015 -
Wet Seal files for bankruptcy
The news follows last week's announcement that the teen retailer would be closing three-fourths of its stores.
By Kelsey Lindsey • Jan. 16, 2015 -
Dollar General unwilling to meet antitrust demands over Family Dollar bid
Dollar General’s unwillingness to work with the FTC on antitrust issues, plus the support for Dollar Tree’s offer by two proxy advisory firms this week makes a Dollar Tree takeover likely.
By Daphne Howland • Jan. 16, 2015 -
After happy holidays, Best Buy lowers expectations
The electronics retailer saw healthy holiday sales, especially online, but warned that low prices and soft demand would hit sales.
By Daphne Howland • Jan. 16, 2015 -
RadioShack said to be preparing for bankruptcy
The question now is whether the retailer is strong enough to reorganize or if it is looking at liquidation.
By Daphne Howland • Jan. 16, 2015 -
UPDATE: LA department store calls out mayor in window display
After failing to get a meeting with mayor Eric Garcetti, upscale retailer Kitson has used the window display of its flagship Robertson Boulevard store to taunt him about it.
By Daphne Howland • Jan. 16, 2015 -
Target to discontinue Canadian operations
The move comes after a rapid expansion of over 100 stores in the Canadian market.
By Kelsey Lindsey • Jan. 15, 2015 -
Stylitics expands ClosetSpace app
Fashion analytics startup Stylitics has developed a new app for fashionistas that curates their closets and connects users to brands at key moments.
By Daphne Howland • Jan. 15, 2015 -
Staples CEO declines $31,000 raise
The office-supplies retailer also announced board changes amid falling sales and talk of a merger with rival Office Depot.
By Daphne Howland • Jan. 15, 2015 -
Bulk e-retailer Boxed raises $25M
The app-based company is taking advantage of a soft moment for warehouse retailers, which are dealing with shifting demographics and challenges with mobile.
By Daphne Howland • Jan. 15, 2015 -
Etsy planning IPO
The marketplace company is looking to raise $300 million in an IPO that could come this quarter.
By Daphne Howland • Jan. 14, 2015 -
Instacart snags $220M investment
The grocery delivery service says it aims to be “the supermarket’s best friend” in more cities.
By Daphne Howland • Jan. 14, 2015 -
Alibaba agrees to prevent sales of dangerous toys and other goods in US
The agreement with the U.S. Consumer Product Safety Commission is the latest move by Alibaba to clean up its grey market business.
By Daphne Howland • Jan. 14, 2015 -
Amazon subsidiary plans store in Alibaba marketplace
Amazon and Alibaba may be rivals, but Diapers.com has applied to open a storefront on Tmall Global.
By Daphne Howland • Jan. 13, 2015 -
Demandware to buy POS software company Tomax
The acquisition is Demandware's third in the past year, after buying CQuotient in October and Mainstreet Commerce last January.
By Daphne Howland • Jan. 13, 2015 -
Nasty Gal CEO steps down, names successor
#GirlBoss and founder Sophia Amoruso says she’s tapped Sheree Waterson as the company's next CEO.
By Daphne Howland • Jan. 13, 2015