Financial News: Page 370
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Deep Dive
What's next after Wal-Mart's wage increase
Wal-Mart Stores' move to raise pay for its hourly workers is taking the retail world by storm.
By Daphne Howland • March 2, 2015 -
PayPal to acquire mobile wallet firm Paydiant
The move comes ahead of the payments unit's split from eBay Inc.
By Kelsey Lindsey • March 2, 2015 -
Costco to replace its AmEx card with Citi, Visa
Costco members will be able to accrue loyalty points using the co-branded Visa card.
By Daphne Howland • March 2, 2015 -
RadioShack dealers in limbo
The retailer’s independent dealers may be left out in the cold as its bankruptcy proceedings continue.
By Daphne Howland • March 2, 2015 -
Former C Wonder design chief heads to Gap
The hire is seen as a safe bet to shore up sales for the brand.
By Ian P. Murphy • March 2, 2015 -
Old Navy to Gap Inc.'s rescue, again
Gap’s Q4 and full-year sales were bolstered by its Old Navy stores, and many are curious about what new CEO Art Peck has in store.
By Daphne Howland • Feb. 27, 2015 -
Court revives Macy's case against J.C. Penney over Martha Stewart
At issue are certain provisions of J.C. Penney's merchandising contract with Martha Stewart Living Omnimedia.
By Daphne Howland • Feb. 27, 2015 -
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 -
Retrieved from Apple on September 19, 2014
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 -
Retrieved from Target on February 23, 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