Financial News: Page
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Ron Johnson's next act, Enjoy, is live
The company focuses on helpful, knowledgeable tech experts at the ready, a hallmark of Johnson's “Genius Bar” idea for Apple stores.
By Daphne Howland • May 7, 2015 -
Ann Taylor in talks with private equity firm: sources
Ann Inc.’s brands have struggled of late, forced into heavy promotions in the face of lower consumer spending and increased competition.
By Daphne Howland • May 7, 2015 -
Mobile boost at RetailMeNot not enough, not yet
A Google algorithm change to favor mobile-optimized websites, which has dinged the coupon site’s fortunes, could ultimately help in the future, the company says.
By Daphne Howland • May 6, 2015 -
Groupon eyes mobile growth as revenue misses
The company said it has sold its stake in Ticket Monster, which had been a drag on profit. But the task before the company is more fundamental.
By Daphne Howland • May 6, 2015 -
Once-bright Zulily posts dim outlook
Previously a flash-sales darling, the e-retailer is now looking more like the disrupted than a disrupter.
By Daphne Howland • May 6, 2015 -
JetBlue, Amazon build in-flight media deal
The benefits of being an Amazon Prime member keep accruing, this time into the sky.
By Daphne Howland • May 6, 2015 -
Macy's testing 4 discount stores in NYC
The move is seen as a way for the retailer to better compete with discount chains like T.J. Maxx and Marshalls.
By Kelsey Lindsey • May 5, 2015 -
Proxy fight avoided at Macerich
The mall development and operating company has nixed its poison pill and will add two independent directors to its board.
By Daphne Howland • May 5, 2015 -
Adidas beats expectations as turnaround plan picks up
Adidas is paying particular attention to its huge North American market and urbanites.
By Daphne Howland • May 5, 2015 -
Office Depot posts unexpected profit, announces more store closings
The retailer awaits a Federal Trade Commission decision on a proposed merger with rival Staples, which is expected despite being denied years ago.
By Daphne Howland • May 5, 2015 -
Sally Beauty investigating 'unusual activity' on customers' cards
The news comes little over a year after the retailer suffered a hack that stole payment card numbers and security codes from thousands of customers.
By Kelsey Lindsey • May 4, 2015 -
Postmates COO leaving after seven months
The departure of Peter Hazlehurst was by all accounts genial, but that doesn’t mean the company doesn’t need another executive as it starts to hit its stride.
By Daphne Howland • May 4, 2015 -
Wal-Mart continues to tighten the ship with new exec changes
The world's largest retailer appears to be moving away from its more traditional organizational structure.
By Daphne Howland • May 4, 2015 -
Lowe's halts sale of laminate flooring after report
The move is in response to a report that some of Lowe's laminate flooring may be contaminated by toxins.
By Daphne Howland • May 4, 2015 -
Kohl's sees dramatic growth in app users
The retailer's loyalty program has helped Kohl's beat Uber, Nike, and Tinder in growth.
By Ian P. Murphy • May 4, 2015 -
CVS beats expectations with help from Medicaid business
The retailer got a boost from its drug-services business.
By Kelsey Lindsey • May 1, 2015 -
Rent the Runway CEO: Every woman should have a 'subscription to fashion'
The rental company is expanding into sportswear and increasing its number of brick-and-mortar showrooms.
By Daphne Howland • May 1, 2015 -
GNC suffers from 'self-inflicted wound' in Q1
CEO Mike Archbold says the retailer’s poor Q1 was due to a big marketing cut, and not to any fallout from a regulatory tussle with New York Attorney General Eric Schneiderman.
By Daphne Howland • May 1, 2015 -
Warby Parker now worth $1.2B, to push further into brick-and-mortar
The eyewear retailer has raised another $100 million in investments.
By Daphne Howland • May 1, 2015 -
Bitcoin startup Circle wins $50 million in venture capital
Goldman Sachs, IDG fund virtual currency startup.
By Ian P. Murphy • April 30, 2015 -
J.C. Penney expanding Sephora presence with 25 new stores
This partnership with Sephora is one of the best moves J.C. Penney has made in recent years.
By Daphne Howland • April 30, 2015 -
Justice Dept. preparing charges against Lumber Liquidators
The company is facing other investigations and at least 100 lawsuits over allegations that some of its flooring from China contains toxic chemicals.
By Daphne Howland • April 30, 2015 -
Is Coach undermining its own luxury approach?
Coach seems to be suffering from its outlet-store strategy, with North American sales falling for the seventh quarter in a row.
By Daphne Howland • April 30, 2015 -
J.C. Penney names new marketing head
Mary Beth West will step down from the retailer's board to take the CMO role.
By Ian P. Murphy • April 29, 2015 -
Target CEO's pay package totals $28.2M in 2014
The package for Brian Cornell, who has helped turn things around for Target already, includes a big $14 million “make good” bundle from his PepsiCo exit.
By Daphne Howland • April 29, 2015
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