Financial News: Page
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Longtime Lululemon exec stepping down
Delaney Schweitzer has talked about the loss of founder Chip Wilson’s vision as he stepped away from his leadership positions at Lululemon.
By Daphne Howland • May 14, 2015 -
UPDATE: Activist investors agitating Children's Place over pricing, CEO
Macellum Advisors and Barington Capital released an open letter to shareholders urging the election of its nominations to the board and arguing for change.
By Daphne Howland • May 13, 2015 -
Macy's Q1 hit by port disputes, strong dollar
But CEO Terry J. Lundgren says that things are looking up, thanks in part to its partnership with loyalty program Plenti.
By Daphne Howland • May 13, 2015 -
GameStop offers gamified 'Monster Hunt' promo
Players can win gift cards by using Google Maps to hunt monsters.
By Ian P. Murphy • May 13, 2015 -
April retail sales reports something of a relief
But consumers appear to remain cautious, with some boosts in retail sales attributed to Easter promotions.
By Daphne Howland • May 13, 2015 -
Chico's switches agencies for media and digital business
The retailer has chosen Zimmerman to handle its $36 million media and digital account.
By Ian P. Murphy • May 13, 2015 -
Nike: Pacific trade pact would bring 10,000 jobs back to US
Sports-retail giant Nike threw its weight behind the U.S.-Pacific trade deal, which faces a U.S. Senate vote today.
By Daphne Howland • May 12, 2015 -
American Apparel reports wider losses
As the company struggles in the face of lawsuits, investigations, and disputes, it’s not clear how dedicated it is to its American-made identity — an important aspect of its brand.
By Daphne Howland • May 12, 2015 -
Wal-Mart, Lowe's picking up Target Canada stores
While these acquisitions are not huge, they are likely a less expensive way for the retailers to expand.
By Daphne Howland • May 12, 2015 -
Etsy has a counterfeit problem: report
Wedbush found that in some cases the site packs more fakes than eBay or Alibaba’s AliExpress.
By Daphne Howland • May 12, 2015 -
Deep Dive
Young and in retail
Some of the most promising retailers these days have leadership from well outside the old guard. Coincidence? We don’t think so.
By Daphne Howland • May 11, 2015 -
Top Abercrombie execs go head-to-head during CEO search
Three top executives at the retailer are leading Abercrombie as it searches for a CEO, possibly from their ranks. But who has the vision the company badly needs?
By Daphne Howland • May 11, 2015 -
Zappos sees workforce exodus ahead of 'holacracy' transition
Around 14% of employees are taking CEO Tony Hsieh’s “love it or leave it” offer as the company transitions to its unique management system.
By Daphne Howland • May 11, 2015 -
Simply Fashion and Dots stores to close nationwide
The retail company filed for bankruptcy protection in April, and now plans to liquidate everything.
By Daphne Howland • May 11, 2015 -
Alibaba buys major stake in Zulily
The Chinese retail giant took advantage of Zulily's low stock price last week to gain 9.3% control of the company.
By Daphne Howland • May 11, 2015 -
Bonobos names new CEO ahead of brick-and-mortar expansion
Former Coach exec Francine Della Badia will take the CEO position June 1.
By Ian P. Murphy • May 11, 2015 -
CVS to review media account
The chain awarded creative to BBDO last year.
By Ian P. Murphy • May 11, 2015 -
Deep Dive
Retail Therapy: Scandalous gowns, high tech heels, and communist e-commerce
North Korea launches its first e-commerce operation while James Franco pens an ode to McDonald's.
By Kelsey Lindsey • May 8, 2015 -
Wage gains miss expectations, fuel cuts fail to boost spending: reports
The results come as retailers wait for the improving economy to steady their fortunes.
By Daphne Howland • May 8, 2015 -
Charney sues American Apparel shareholder
Standard General has dismissed the claims, saying Dov Charney and his associates continue to file lawsuits “at a breakneck pace.”
By Daphne Howland • May 8, 2015 -
J.C. Penney parts ways with Joe Fresh
The partnership was hailed as a potential lifesaver for Penney when it launched two years ago.
By Daphne Howland • May 8, 2015 -
Lumber Liquidators halts sales of Chinese laminate flooring
The retailer has also hired former FBI chief Louis J. Freeh to help with its own investigation.
By Daphne Howland • May 8, 2015 -
Deep Dive
The trouble with off-price stores
Macy’s is the latest department store chain to enter the off-price retail space. But there's a downside to investing in this type of store.
By Daphne Howland • May 7, 2015 -
Fashion startup VFiles optimizes for mobile
The three-year-old social network has attracted fashionistas and fashion professionals and wants to grow its shopability.
By Daphne Howland • May 7, 2015 -
Alibaba names new CEO as it makes mobile push
The move is part of an overall company goal to bring in a younger generation of leaders.
By Daphne Howland , Kelsey Lindsey • May 7, 2015