Financial News: Page


  • Mary Kay Cosmetics sues RetailMeNot for fraud

    The coupon site says it’s a bridge between shoppers and brands, but the cosmetics company would like to burn that.

    By • March 19, 2015
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    Retrieved from Amazon on March 12, 2015
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    Amazon shuttering Webstore e-commerce platform

    Small and medium retailers now have several other strong platform options like Shopify and Bigcommerce.

    By • March 19, 2015
  • Target plans to raise minimum wage to $9 per hour, WSJ reports

    The retailer will boost its minimum starting next month. 

    By Kelsey Lindsey • March 18, 2015
  • Joe Fresh founder leaving company

    Charismatic designer and entrepreneur Joe Mimran is stepping down, and president Mario Grauso is well prepared to expand the brand, the company said.

    By • March 18, 2015
  • Foot Locker revamping stores, eyes $10B in sales by 2020

    As sports apparel booms for athletics and weekend leisure, the retailer aims to cash in with the right mix of merchandise.

    By • March 18, 2015
  • UPDATE: Simon sweetens bid for mall operator Macerich

    Simon Property Group boosted its cash and stock offer for rival Macerich Co. and said it would withdraw that "best and final" offer if Macerich didn't take a meeting by April 1.

    By • March 18, 2015
  • Sotheby's, eBay launch partnership

    The first online auction by the two companies will go live online April 1 to a broad global customer base.

    By • March 17, 2015
  • Adidas to drop NBA licensing partnership

    Adidas' decade-long partnership with the basketball league will end, as a new deal is likely too expensive for the slipping sports gear retailer.

    By • March 17, 2015
  • Glamour launching e-commerce efforts

    The move, beginning in the UK and U.S. this year, makes good on the retail push begun by publisher Condé Nast two years ago.

    By • March 17, 2015
  • Dollar General increasing hours, not wages

    Many workers say that getting enough hours is as important as getting enough pay when it comes to making a living.

    By • March 17, 2015
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    "J. C. Penney Co." by Chris Chan is licensed under CC BY 2.0
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    J.C. Penney CMO exits

    Debra Berman was charged with revitalizing the department store's brand. 

    By Ian P. Murphy • March 16, 2015
  • Wal-Mart shuffles grocery team in effort to improve food

    Wal-Mart Stores Inc. is shaking up its executive food team in an effort to bring in more shoppers.

    By • March 16, 2015
  • TigerDirect giving up on brick-and-mortar

    The Miami-based retailer once gobbled up Circuit City and CompUSA, but things have changed for electronics retail.

    By • March 16, 2015
  • Lumber Liquidators shares tumble, again

    The retailer’s shares rose after going on the defensive Thursday, but those gains have disappeared as the controversy continues.

    By • March 16, 2015
  • Wet Seal acquired by Versa Capital at auction

    Unlike retailers Delia’s and RadioShack, the teen apparel retailer has a chance to survive its bankruptcy.

    By • March 16, 2015
  • Facebook buys shopping search engine TheFind

    The e-commerce search engine could help improve localized results for Facebook's search. 

    By Ian P. Murphy • March 16, 2015
  • Dollar Tree storefront.
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    The image by Mike Mozart is licensed under CC BY 2.0
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    FTC could call for 250 divestitures for Dollar Tree

    The retailer is optimistic the merger can happen by April.

    By David Oliver • March 13, 2015
  • Lumber Liquidators CEO: 'Confident' products are safe

    The lumber company says it understands that consumers are alarmed by a damning 60 Minutes report, but says that better testing reveals that there’s little problem with its laminate.

    By • March 13, 2015
  • Ulta has billion-dollar quarter

    The retailer continues to see healthy sales and growth, with 100 new stores planned to open this year.

    By • March 13, 2015
  • Express tops estimates in holiday quarter

    Unlike many of its competitors, the apparel retailer is exceeding expectations thanks to its outlet strategy.

    By • March 13, 2015
  • Aeropostale's recovery stalled by weather, ports issues

    The fact that the retailer posted its first profit in many quarters doesn’t matter much at the moment, but CEO Julian Geiger says things will get better.

    By • March 13, 2015
  • Alibaba recruiting talent from Seattle's tech hub

    It’s fitting, considering how much the city inspired founder Jack Ma when he visited in the eighties. 

    By • March 13, 2015
  • Alibaba to invest $200 million in Snapchat

    The Chinese e-commerce company also said that Mike Katz will join its investment team from San Francisco.

    By • March 12, 2015
  • Dollar General moves ahead with 730 new stores

    The retailer will open the new stores as it strives to compete with its bulked up Dollar Tree-Family Dollar competitor and new pushes by Wal-Mart Stores and Target.

    By • March 12, 2015
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    Retrieved from Amazon on March 12, 2015
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    Amazon unveils Pinterest-like 'Exclusives' storefront

    “Amazon Exclusives” has a selection of products that are found exclusively on the storefront or on the sellers’ own sites.

    By • March 11, 2015