Financial News: Page 381
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Gap Inc. reveals problems with working conditions at Myanmar factories
The company said it has addressed the problems, which were found through an audit conducted for the retailer.
By Daphne Howland • Aug. 29, 2014 -
American Apparel investor names new director
Lion Capital LLP, which has supported ousted CEO Dov Charney, has the right to control two seats on the board.
By Daphne Howland • Aug. 29, 2014 -
Abercrombie & Fitch to remove logos from clothes
The retailer will drop its name from most of its clothing in response to younger shoppers' current preference for unique, unlabeled attire.
By Daphne Howland • Aug. 29, 2014 -
Express outlet sales double estimates
The retailer beefed up the number of its Express outlet stores earlier this year.
By Daphne Howland • Aug. 29, 2014 -
Abercrombie & Fitch sales fall on multiple woes
The teen retailer reported a 5.8% drop in revenue in Q2 as it struggles to compete with fast-fashion and slow mall traffic.
By Kelsey Lindsey • Aug. 28, 2014 -
Zara pulls shirt after public outcry
Many people thought the design resembled Nazi concentration camp uniforms. Yet the retailer has been down this road before, and that could be a result of its uber-fast production.
By Daphne Howland • Aug. 28, 2014 -
Mall owner partners with Refinery29 for retail 'block parties'
The project is an effort to get the attention of millennials and includes a mix of local, boutique, and national brands.
By Daphne Howland • Aug. 28, 2014 -
Michaels sees sales gains
The arts and crafts retailer said it will shake off losses partly associated with its recent IPO, raising its forecast for the year.
By Daphne Howland • Aug. 28, 2014 -
Alibaba reports 46% sales increase as IPO nears
The Chinese e-commerce giant reported its second quarter earnings as it approaches its U.S. IPO, expected next month.
By Kelsey Lindsey • Aug. 27, 2014 -
Consumers shopping more online, in more categories
A new study from Nielsen finds that people are browsing online in almost every category, and that browsing leads to buying.
By Daphne Howland • Aug. 27, 2014 -
RadioShack in talks with shareholder to prevent bankruptcy
Sources say hedge fund Standard General LP is drawing up a plan to help RadioShack avoid a bankruptcy filing.
By Daphne Howland • Aug. 27, 2014 -
DSW pays a price for omni-channel efforts
The shoe retailer reported continued flat sales for the quarter, and expects them to stay that way due to investments in fulfillment and other systems.
By Daphne Howland • Aug. 27, 2014 -
Nordstrom's loyalty program drives almost half of sales
The department store’s Nordstrom Rewards members shop more often and spend more than non-members.
By Daphne Howland • Aug. 27, 2014 -
Tiffany beats expectations with strong sales
The high-end jewelry company is doing well and expects that trend to continue.
By Daphne Howland • Aug. 27, 2014 -
Deep Dive
Store brands on the top shelf
The quality of store brands has risen to the point where many consumers don’t see a difference between them and their name-brand counterparts.
By Daphne Howland • Aug. 26, 2014 -
Best Buy stymied by continued sales slump
The electronics retailer missed sales estimates for the most recent quarter and lowered its forecast for the year.
By Daphne Howland • Aug. 26, 2014 -
Wal-Mart issuing EMV credit cards
Customers with a Wal-Mart-branded MasterCard will receive the new “chip and PIN”-enabled card within weeks.
By Daphne Howland • Aug. 26, 2014 -
Amazon buys game-watching site Twitch for close to $1B
The e-retail giant reportedly beat out Google for the popular live-video site.
By Daphne Howland • Aug. 26, 2014 -
Walgreens adds its name to Duane Reade storefronts
Walgreens bought its 54-year-old rival in 2010, but is only now co-branding the drug store chains.
By Daphne Howland • Aug. 26, 2014 -
Wayfair launches office supply business
The move comes days after the retailer’s IPO filing and could give Staples and Office Depot a run for their money.
By Daphne Howland • Aug. 25, 2014 -
Report: Target malware caused more retail data breaches than first thought
The U.S. Department of Homeland Security released a report that shows the "Backoff" malware targeted more than 1,000 American businesses.
By Daphne Howland • Aug. 25, 2014 -
Tumblr to scan photos for brands
The Yahoo social network is working with Ditto Labs to extract information from posted photos.
By Daphne Howland • Aug. 22, 2014 -
Sears CEO says recent earnings 'unacceptable'
This is the ninth consecutive quarterly loss for the parent company of Sears and Kmart stores.
By Kelsey Lindsey • Aug. 21, 2014 -
Malware hits 51 UPS stores
The breach compromised personal and credit card information from some 100,000 payments made from January to August this year.
By Daphne Howland • Aug. 21, 2014 -
American Eagle Outfitters has better-than-expected Q2
The news of yet another teen apparel retailer reporting good results could bode well for the retail sector.
By Daphne Howland • Aug. 21, 2014