Financial News: Page 382
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Dollar General unwilling to meet antitrust demands over Family Dollar bid
Dollar General’s unwillingness to work with the FTC on antitrust issues, plus the support for Dollar Tree’s offer by two proxy advisory firms this week makes a Dollar Tree takeover likely.
By Daphne Howland • Jan. 16, 2015 -
After happy holidays, Best Buy lowers expectations
The electronics retailer saw healthy holiday sales, especially online, but warned that low prices and soft demand would hit sales.
By Daphne Howland • Jan. 16, 2015 -
RadioShack said to be preparing for bankruptcy
The question now is whether the retailer is strong enough to reorganize or if it is looking at liquidation.
By Daphne Howland • Jan. 16, 2015 -
UPDATE: LA department store calls out mayor in window display
After failing to get a meeting with mayor Eric Garcetti, upscale retailer Kitson has used the window display of its flagship Robertson Boulevard store to taunt him about it.
By Daphne Howland • Jan. 16, 2015 -
Target to discontinue Canadian operations
The move comes after a rapid expansion of over 100 stores in the Canadian market.
By Kelsey Lindsey • Jan. 15, 2015 -
Stylitics expands ClosetSpace app
Fashion analytics startup Stylitics has developed a new app for fashionistas that curates their closets and connects users to brands at key moments.
By Daphne Howland • Jan. 15, 2015 -
Staples CEO declines $31,000 raise
The office-supplies retailer also announced board changes amid falling sales and talk of a merger with rival Office Depot.
By Daphne Howland • Jan. 15, 2015 -
Bulk e-retailer Boxed raises $25M
The app-based company is taking advantage of a soft moment for warehouse retailers, which are dealing with shifting demographics and challenges with mobile.
By Daphne Howland • Jan. 15, 2015 -
Etsy planning IPO
The marketplace company is looking to raise $300 million in an IPO that could come this quarter.
By Daphne Howland • Jan. 14, 2015 -
Instacart snags $220M investment
The grocery delivery service says it aims to be “the supermarket’s best friend” in more cities.
By Daphne Howland • Jan. 14, 2015 -
Alibaba agrees to prevent sales of dangerous toys and other goods in US
The agreement with the U.S. Consumer Product Safety Commission is the latest move by Alibaba to clean up its grey market business.
By Daphne Howland • Jan. 14, 2015 -
Amazon subsidiary plans store in Alibaba marketplace
Amazon and Alibaba may be rivals, but Diapers.com has applied to open a storefront on Tmall Global.
By Daphne Howland • Jan. 13, 2015 -
Demandware to buy POS software company Tomax
The acquisition is Demandware's third in the past year, after buying CQuotient in October and Mainstreet Commerce last January.
By Daphne Howland • Jan. 13, 2015 -
Nasty Gal CEO steps down, names successor
#GirlBoss and founder Sophia Amoruso says she’s tapped Sheree Waterson as the company's next CEO.
By Daphne Howland • Jan. 13, 2015 -
Dollar Tree to Family Dollar: We've 'reached the end of our patience'
The discount retailer with an offer on the table and a promise to close stores to avoid antitrust issues has told Family Dollar’s shareholders to take it or the deal is off.
By Daphne Howland • Jan. 13, 2015 -
Investment firm offers RadioShack $500M in bankruptcy financing
Swiss investment firm Salus has had a sometimes contentious relationship with the struggling electronics retailer.
By Daphne Howland • Jan. 13, 2015 -
Fab co-founder launching new flash-sales site
While the future of furniture flash-sales site Fab.com is uncertain, one of its founders Bradford Shellhammer has launched a similar site featuring industrial designs.
By Daphne Howland • Jan. 11, 2015 -
Famed menswear retailer Louis Boston to close
The 85-year-old retailer introduced some of the best European designers to U.S. menswear before they were well known, and launched the career of America’s own Joseph Abboud.
By Daphne Howland • Jan. 11, 2015 -
As jobless rate falls, so do wages
While the economy seems to have gained new vigor and added more jobs last month, wages fell.
By Daphne Howland • Jan. 11, 2015 -
Deep Dive
Looking ahead: Retailers to keep an eye on this year
2014 was a bumpy retail year. But some companies have the promise of both progress and success in 2015.
By Daphne Howland • Jan. 9, 2015 -
J.C. Penney to cut 40 stores, 2,250 jobs in 2015
The retailer appears to be preparing for operations under a new CEO, who comes aboard later this year.
By Daphne Howland • Jan. 9, 2015 -
Macy's announces big restructuring plans
The department store’s customers will soon experience a Macy’s with streamlined in-store and digital operations.
By Daphne Howland • Jan. 9, 2015 -
Family Dollar's Q1 misses expectations
The discount chain in the midst of takeover drama says it’s shifting its strategy from special promotions to everyday low prices.
By Daphne Howland • Jan. 9, 2015 -
Dick's Sporting Goods may go private
The sporting goods retailer is one of several companies that observers say are ripe for a buyout.
By Daphne Howland • Jan. 8, 2015 -
Body Central preparing for bankruptcy
The mall-based retailer, founded in the 1970s, has been vulnerable to teenagers' shifting shopping habits and the decline of malls.
By Daphne Howland • Jan. 8, 2015