Financial News: Page 388
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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 -
Macy's to pay $650K to settle racial profiling case
The department store follows Barney's and other retailers in settling racial profiling charges brought by New York State.
By Daphne Howland • Aug. 21, 2014 -
Family Dollar rejects Dollar General offer over antitrust fears
The dollar store chain’s board of directors unanimously rejected Dollar General’s offer and reiterated support for a merger with Dollar Tree.
By Daphne Howland • Aug. 21, 2014 -
Target profit falls 62% in Q2
The retailer also cut its full year earnings, saying that price discounting and an expansion into Canada has hurt its bottom line.
By Kelsey Lindsey • Aug. 20, 2014 -
Shipping rate hikes poised to disrupt retailers
Shipping costs could increase as much as 30% when scheduled changes from FedEx and UPS go into effect.
By Daphne Howland • Aug. 20, 2014 -
TJX sales, profit rise in Q2
There seems to be no retail funk for the parent company of T.J. Maxx, Marshalls, and HomeGoods.
By Daphne Howland • Aug. 20, 2014 -
Back-to-school helping retail sales
Several retailers are reporting that sales in apparel and other departments have been up since late July.
By Daphne Howland • Aug. 20, 2014 -
Home Depot raises earnings forecast after Q2 profit jump
The home improvement retailer has benefited from a recovering housing market over the past couple of years.
By Kelsey Lindsey • Aug. 19, 2014 -
Deep Dive
Connected and resourceful: Are you ready for Generation Z?
Whether you consider Generation Z part of the millennial crowd or another cohort entirely, details are emerging about the young group's outlook, and what it could mean for retail.
By Daphne Howland • Aug. 19, 2014 -
Poll finds millennials not so tight-fisted
Americans, especially those age 18 to 34, are spending more, according to a new Gallup poll.
By Daphne Howland • Aug. 19, 2014 -
Retailers request Supreme Court look at swipe fees
The National Retail Federation and other groups asked the high court to review a March ruling sanctioning new Federal Reserve rules.
By Daphne Howland • Aug. 19, 2014 -
Ideeli loses an 'i'
Groupon’s flash sales site has rebranded with a new name and loyalty program.
By Daphne Howland • Aug. 18, 2014 -
Report: Consumer confidence 'moderately positive'
While consumer confidence has fallen to a 9-month low, there is room for growth in retail sales.
By Daphne Howland • Aug. 18, 2014 -
Wayfair files for IPO
The online furniture retail company operates sites such as Wayfair, Birch Lane, and recently-acquired DwellStudio.
By Kelsey Lindsey • Aug. 15, 2014 -
ModCloth swears off Photoshop
The e-retailer of women’s apparel and accessories is the first to sign a pledge to forgo enhancing or altering images in ads.
By Daphne Howland • Aug. 15, 2014 -
Saks not amused by dog treat company name
The department store retailer has sent a cease-and-desist letter to the maker of "Snaks 5th Avenchew."
By Daphne Howland • Aug. 15, 2014 -
eBay subsidiary Braintree may accept bitcoin
The PayPal unit processes mobile and online payments for several companies.
By Daphne Howland • Aug. 15, 2014 -
Facebook debuts cross-device reporting for marketers
The new service helps monitor shopping behavior across multiple devices.
By Kelsey Lindsey • Aug. 14, 2014 -
American Apparel appoints second woman to board
Laura Lee currently runs Google’s East Coast content partnerships for Google/YouTube.
By Daphne Howland • Aug. 14, 2014 -
Lands' End sees backlash over bonus GQ issue
The retailer sent out free copies of the lad magazine to many families that had bought back-to-school clothes, upsetting many.
By Daphne Howland • Aug. 14, 2014 -
Retail sales flat again in July
The U.S. Commerce Department’s monthly retail news is getting mixed interpretations.
By Daphne Howland • Aug. 13, 2014 -
Consumers warned against risks of bitcoin
A government consumer protection agency acknowledged the potential for innovation in virtual currencies, but also cautioned consumers of their risks.
By Daphne Howland • Aug. 13, 2014 -
Things are looking up for American Apparel
The retailer will miss some financial reporting deadlines as its new board regroups, but the company says it has trimmed losses.
By Daphne Howland • Aug. 13, 2014 -
Macy's sees revenue and sales up, but cuts forecast
The department store retailer says it's having trouble climbing out of sales deficits stemming from a harsh winter.
By Daphne Howland • Aug. 13, 2014 -
Study: Retail credit card rates going up, up, up
A recent survey by Creditcards.com warns of increased interest rates and ballooning balances.
By Daphne Howland • Aug. 12, 2014