Financial News: Page 373
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Abercrombie & Fitch lowers outlook
The teen-apparel retailer can’t seem to find a way out of its funk, and it's running out of options.
By Daphne Howland • Dec. 4, 2014 -
Judge says Target breach lawsuits can go forward
The retailer’s nightmare from last year's cyber-security breach isn’t over yet.
By Daphne Howland • Dec. 4, 2014 -
Chicago to boost minimum wage to $13 by 2019
The measure passed overwhelmingly while a similar bill languishes in the state legislature.
By Daphne Howland • Dec. 3, 2014 -
FTC suit against Amazon will go forward
A U.S. District Court Judge said that the suit over hefty in-app purchases by children can go forward.
By Daphne Howland • Dec. 3, 2014 -
Feds turn to antiquated law to open locked iPhones
Civil liberties advocates are alarmed that federal judges have agreed that the All Writs Act of 1789 can compel companies to unlock their customers’ smartphones.
By Daphne Howland • Dec. 3, 2014 -
Wal-Mart shifting resources in Asia
The retail giant is cutting 250 jobs in merchandising and marketing, but is also opening nine stores and a distribution center that will create 6,000 new jobs.
By Daphne Howland • Dec. 3, 2014 -
Wal-Mart says cyber shopping soars over the weekend
The retailer saw record numbers of online traffic and sales in the five days following the Thanksgiving holiday.
By Karen Talley • Dec. 2, 2014 -
Moody's lowers Amazon's outlook
The e-retail giant is issuing unsecured notes for an undisclosed amount in order to finance many ambitious projects.
By Daphne Howland • Dec. 2, 2014 -
Could the sales tax 'loophole' debate revive over Alibaba?
Anti-tax sentiment in Congress is high, but retailers may have found a new enemy to revive their case.
By Daphne Howland • Dec. 2, 2014 -
Barry haynes [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)], from Wikimedia Commons
Billabong rebuilding brick-and-mortar network
CEO Neil Fiske says he believes that physical stores are key to a retailer's brand.
By Daphne Howland • Dec. 2, 2014 -
San Francisco passes retail worker 'bill of rights'
The city legislature unanimously approved the bill on a required second vote, which would survive an unlikely mayoral veto.
By Daphne Howland • Dec. 1, 2014 -
Wal-Mart's chief merchandising officer departs
Duncan Mac Naughton joined Wal-Mart in 2009, where he started as chief merchandising officer of Wal-Mart Canada.
By Kelsey Lindsey • Nov. 25, 2014 -
Petco to buy pet supply e-retailer
The acquisition will give the pet supply chain a hand in the lucrative veterinary prescription medicine e-business.
By Daphne Howland • Nov. 24, 2014 -
Nike will sponsor US Olympic team through 2020
Team USA will be outfitted in Nike for games in Pyeongchang, South Korea, Tokyo, and Rio for the Summer, Winter, and Paralympic Games.
By Daphne Howland • Nov. 24, 2014 -
Ann Inc. hit by slowing sales, inventory issues
The womens-apparel retailer reported rising inventory and says its Ann Taylor flagship brand is failing to connect with customers.
By Daphne Howland • Nov. 24, 2014 -
Fab may be sold for $15 million
The furniture e-retailer has seen a multitude of changes in its three years, including rounds of layoffs and the acquisition of a Finnish furniture company.
By Daphne Howland • Nov. 24, 2014 -
Nasty Gal opens first physical store
The e-retailer opened its first brick-and-mortar just months after layoffs in the fall.
By Daphne Howland • Nov. 24, 2014 -
Wal-Mart moves closer to sustainability goal
The world's largest retailer hopes to source 100% of its electricity from renewable sources by 2020.
By Kelsey Lindsey , Gavin Bade • Nov. 21, 2014 -
Gap Inc. to replace brand chiefs as revenue and sales fall
San Francisco-based Gap Inc. will be replacing executives who head up its Gap and Banana Republic brands.
By Daphne Howland • Nov. 21, 2014 -
Best Buy sees unexpected sales increase
But the electronics retailer said that holiday sales will likely be flat in an intensely competitive electronics retail environment.
By Daphne Howland • Nov. 21, 2014 -
Target reports profit increase in time for the holidays
The retailer surprised many with sales and earnings that beat expectations.
By Daphne Howland • Nov. 20, 2014 -
Dollar General may be forced to close 4K stores
Family Dollar has said all along that its rival would need to divest itself of a significant number of stores if they were to merge. It looks like it was right.
By Daphne Howland • Nov. 20, 2014 -
Staples to close more stores
The country’s largest office supply retailer is doing better thanks to e-commerce, a bump in demand, and savings from many store closures.
By Daphne Howland • Nov. 20, 2014 -
Retail Workers Bill of Rights closer to adoption in San Francisco
The measures address retail employment conditions that have come under scrutiny across the country and in Congress.
By Daphne Howland • Nov. 20, 2014 -
Deep Dive
Are retailers ruining Thanksgiving?
There are two kinds of retailers this year: Those making a point of being open on Thanksgiving and those making a point of being closed. But what is the better strategy?
By Daphne Howland • Nov. 19, 2014