Financial News: Page 371
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Foot Locker revamping stores, eyes $10B in sales by 2020
As sports apparel booms for athletics and weekend leisure, the retailer aims to cash in with the right mix of merchandise.
By Daphne Howland • March 18, 2015 -
UPDATE: Simon sweetens bid for mall operator Macerich
Simon Property Group boosted its cash and stock offer for rival Macerich Co. and said it would withdraw that "best and final" offer if Macerich didn't take a meeting by April 1.
By Daphne Howland • March 18, 2015 -
Sotheby's, eBay launch partnership
The first online auction by the two companies will go live online April 1 to a broad global customer base.
By Daphne Howland • March 17, 2015 -
Adidas to drop NBA licensing partnership
Adidas' decade-long partnership with the basketball league will end, as a new deal is likely too expensive for the slipping sports gear retailer.
By Daphne Howland • March 17, 2015 -
Glamour launching e-commerce efforts
The move, beginning in the UK and U.S. this year, makes good on the retail push begun by publisher Condé Nast two years ago.
By Daphne Howland • March 17, 2015 -
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 Daphne Howland • March 17, 2015 -
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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • 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 -
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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • March 12, 2015 -
Retrieved from Amazon on March 12, 2015
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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • 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 Daphne Howland • 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