Financial News: Page 378
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RadioShack still breathing after victory over lender
But even after the news that RadioShack is not in debt default, the retailer again warned that it is on the brink of bankruptcy.
By Daphne Howland • Dec. 15, 2014 -
Hedge fund urges Staples-Office Depot merger
Activist investor Starboard Value has increased its stakes in both companies, but such a deal may not be as easy as it seems.
By Daphne Howland • Dec. 15, 2014 -
PetSmart agrees to $8.7B buyout
The sale to a private equity company is the biggest leveraged buyout of a U.S. company this year.
By Daphne Howland • Dec. 15, 2014 -
Situation dire for RadioShack
The struggling retailer reported its eleventh straight quarter of losses recently, and it’s not being helped by its lenders.
By Daphne Howland • Dec. 12, 2014 -
Epicor scoops up ShopVisible
With its recent acquisitions, Epicor is poised to flex some serious tech muscle for mid-sized and larger retail companies.
By Daphne Howland • Dec. 12, 2014 -
Lululemon sales beat expectations
The activewear retailer seems to finally be recovering from some of its self-inflicted wounds.
By Daphne Howland • Dec. 12, 2014 -
Walgreen CEO to leave after all
The original plan was for Greg Wasson to lead the company after its merger with UK drugstore retailer Alliance Boots.
By Daphne Howland • Dec. 11, 2014 -
Wal-Mart names new COO
Judith McKenna, a 20-year company veteran, succeeds Gisel Ruiz in the latest round of executive musical chairs.
By Daphne Howland • Dec. 11, 2014 -
Costco reports expectation-busting Q1 profits
The company is besting its competition, with same-store sales and overall sales both rising in the last quarter.
By Daphne Howland • Dec. 11, 2014 -
Judge rules Wal-Mart labor moves unlawful
A National Labor Relations Board judge said the company's discipline of and threats against protesting workers was out of bounds.
By Daphne Howland • Dec. 11, 2014 -
Etsy payments chief departs
Camilla Velasquez helped launch the marketplace’s wholesaling program and the development of its credit-card reader.
By Daphne Howland • Dec. 10, 2014 -
Supreme Court sides with Amazon in warehouse worker pay case
The vote was unanimous, and said that the e-retail giant’s warehouse working conditions can continue without change.
By Daphne Howland • Dec. 10, 2014 -
Abercrombie CEO steps down
Mike Jeffries will retire as CEO and a member of the board effective immediately.
By Kelsey Lindsey • Dec. 9, 2014 -
Kohl's third quarter news all about e-commerce
The retailer’s sales are sluggish, except when it comes to its online operations.
By Daphne Howland • Dec. 9, 2014 -
House approves tax benefits bill for retail remodeling
The bill was stalled in the House—which is generally loathe to consider tax legislation—but now moves on to the Senate.
By Daphne Howland • Dec. 9, 2014 -
New York to give Amazon $5M for 500 jobs
The tax-credit program is designed for companies that can boost employment in the area.
By Daphne Howland • Dec. 8, 2014 -
RadioShack will end 401(K) matching program
The retailer is on the brink and is being stymied once again by two of its lenders.
By Daphne Howland • Dec. 8, 2014 -
"https://www.flickr.com/photos/jeepersmedia/14853082845/in/photolist-2k8nwKQ-2jkjsvv-oCvW4g-oCuf3U-oEgTw6-oCufvN-oAuaV1-oCfiot-oAub5j-om2TrM-2ihyE2T-ofj1tt-oEgSPe-om2vPR-oCvUVV-om2ajd-2pC7eGW-owLTPE-2m" by Mike Mozart is licensed under CC BY 2.0
Five Below names COO as incoming CEO
The discount retailer is expanding, opening 12 new stores just this year.
By Daphne Howland • Dec. 8, 2014 -
Delia's to file for bankruptcy
The teen clothing retailer hinted in September that it may not have enough cash to survive the year.
By Kelsey Lindsey • Dec. 5, 2014 -
Third quarter losses build for Sears
But the once-great American retailer hasn't thrown in the towel yet.
By Daphne Howland • Dec. 5, 2014 -
Barnes & Noble buys Nook stake from Microsoft
The bookseller aims to split its retail and digital businesses to give each a better chance to thrive.
By Daphne Howland • Dec. 5, 2014 -
Dollar Tree could close up to 500 stores in merger
The number of closings, which would be required by the FTC if it acquired rival Family Dollar, is about in line with Dollar Tree’s expectations, sources said.
By Daphne Howland • Dec. 5, 2014 -
Gap losing global CMO
Gap, which got a kick start from marketing chief Seth Farbman, is now going to have to soldier on without him.
By Karen Talley • Dec. 4, 2014 -
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
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