Financial News: Page
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Prime Day gives Amazon 80% sales jump, leaves shoppers disappointed
There were plenty of snarky Tweets and lots of viral venting over the sale, which was promised to be bigger than Black Friday.
By Daphne Howland • July 16, 2015 -
Back-to-school spending may be healthy this year, but not as healthy as last: reports
E-commerce is the major force keeping retailers on their toes these days, but back-to-school shopping by and large remains a brick-and-mortar activity.
By Daphne Howland • July 16, 2015 -
Macy's investor pushing for a REIT
Starboard Value said it’s advocating for a spin-off of the department store’s real estate, but that may not be best for Macy's.
By Daphne Howland • July 16, 2015 -
Target tapping into growing 'buy local' movement
Target is working with designer Todd Snyder to bring hometown flair to stores in multiple cities.
By Daphne Howland • July 16, 2015 -
Wal-Mart hit with discrimination suit by LGBT groups
The retail giant faces a Title VII class action lawsuit over same-sex couple medical benefits that they denied prior to Jan. 1, 2014.
By Tom Starner • July 15, 2015 -
Target launches back-to-school season with social media stars
The chain seeks to leverage the young influencers' recognition among teens.
By Ian P. Murphy • July 15, 2015 -
Books-A-Million in $21M buyout after offer sweetened
The family of chairman Clyde B. Anderson, whose grandfather founded the chain in 1917, will take the company back.
By Daphne Howland • July 15, 2015 -
Sears taps new exec to help it become 'member-focused' retailer
Gymboree COO Joelle Maher is both young and experienced, and could help the once-iconic retailer finally emerge from its rut.
By Daphne Howland • July 15, 2015 -
Deep Dive
A new approach, new life for the American mall
For a while it seemed like the only malls left in America were high-end destinations or abandoned sites of decay. But there’s plenty of life left in the middle, with the right approach.
By Daphne Howland • July 14, 2015 -
Rakuten buys virtual fitting room company Fits.Me
Fits.Me offers 'robot mannequins' to help shoppers visualize how apparel items might fit.
By Ian P. Murphy • July 14, 2015 -
UPDATE: eBay to sell eBay Enterprise for $925M
The news comes as eBay prepares for its imminent split from PayPal.
By Daphne Howland • July 13, 2015 -
Online beauty service Birchbox expanding physical stores
The retailer is crowd-sourcing where to locate its next two stores, including one dedicated to men.
By Daphne Howland • July 13, 2015 -
Deep Dive
8 perspectives on Wal-Mart's controversial new supplier costs
How will Wal-Mart's recent charges to suppliers affect both its business and relationships with vendors? Industry watchers weigh in.
By Kelsey Lindsey • July 13, 2015 -
Retailer finds catering to 'fan girls' a lucrative business
Her Universe's success in catering to female sci-fi and fantasy fans shows there’s money to be made from consumers other businesses ignore.
By Daphne Howland • July 13, 2015 -
Crate and Barrel taps Restoration Hardware exec as CEO
Crate and Barrel has been a bit at sea since the death of long-time executive and board member Barbara Turf, who was known for leading the company with creativity and flair.
By Daphne Howland • July 13, 2015 -
Ascena Retail Group lowering expectations ahead of Ann Inc. acquisition
The company said it would also adjust the book value of its plus-size Lane Bryant brand.
By Daphne Howland • July 13, 2015 -
Dick's creates 'All American Center' with Field & Stream store
The retailer seems to have taken note of the boost its web sales get from physical stores.
By Daphne Howland • July 13, 2015 -
Value-driven J. Crew concept to open this month
J. Crew CEO Mickey Drexler likely knows what he’s doing—he’s the creator of Gap’s Old Navy brand, which has solidly outpaced Gap for several quarters now.
By Daphne Howland • July 13, 2015 -
Toys 'R' Us to refocus merchandise, e-commerce
The retailer is taking its e-commerce operations in house.
By Daphne Howland • July 10, 2015 -
Walgreens buys Liz Earle cosmetics from Avon
This move falls in line with Walgreens' focus to be a resource for a wide variety of skincare and beauty products at different price points.
By Daphne Howland • July 10, 2015 -
Target's new 'Open House' displays all things IoT
The "house" is meant to be a showcase, but it’s also a store — everything there is for sale, including things you’d expect and some things you might not.
By Daphne Howland • July 10, 2015 -
Kate Hudson's Fabletics yet another e-retailer heading to brick-and-mortar
The athleisure retailer, which also just launched a men’s line, is opening six stores across the country this fall.
By Daphne Howland • July 10, 2015 -
Walgreens names permanent CEO of newly-merged company
Stefano Pessina previously served as chairman of Alliance Boots before its merger with Walgreen Co.
By Kelsey Lindsey • July 9, 2015 -
Major Canadian shoe retailer seeks bankruptcy protection
The Sherson Group owns 48 Nine West stores and controls the Canadian rights of several other shoe brands.
By Daphne Howland • July 9, 2015 -
CVS leaves US Chamber of Commerce over tobacco lobbying
The retailer’s reaction to a report that the Chamber of Commerce is fighting anti-smoking laws overseas is weightier than even the hospitals and health insurers on its board.
By Daphne Howland • July 8, 2015