Financial News: Page 402
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Men's Wearhouse to acquire Jos. A. Bank in $1.8B deal
The men's retailer has agreed to buy its competitor for $1.8 billion.
By Kelsey Lindsey • March 11, 2014 -
Deep Dive
Could these retail rivals ever merge?
Mergers can be like romantic comedies, where competition and tension give way to a sweet finale.
By Daphne Howland • March 11, 2014 -
eBay rejects Icahn nominees
Things heat up as eBay rejects two Icahn employees as unqualified and urges stockholders to follow suit.
By Daphne Howland • March 11, 2014 -
Rite Aid launches health care program
The pharmacy chain is the latest drugstore retailer to get deeper into the health-care delivery business.
By Daphne Howland • March 11, 2014 -
LL Bean launching major expansion
Record sales lead the century-old outdoor retailer to its biggest growth effort in years.
By Daphne Howland • March 10, 2014 -
Target steps up marketing efforts
The retailer is keeping a close eye on its post-breach advertising efforts.
By Daphne Howland • March 10, 2014 -
Hollister to become a fast-fashion retailer
Changing up the Abercrombie & Fitch sister brand is the latest move in efforts to revamp the ailing company.
By Daphne Howland • March 10, 2014 -
Gap sees unexpected drop in sales
February's poor weather in the Northeast and Japan stymied sales.
By Daphne Howland • March 7, 2014 -
American Apparel launches dodgy ad campaign amid financial woes
The ads jab at sweatshop policies, perhaps posing as a distraction from heavy losses.
By Daphne Howland • March 7, 2014 -
Safeway, competitor reach $9 billion deal
Cerberus Capital Management has reached an initial agreement to buy competitor Safeway Inc.
By Kelsey Lindsey • March 6, 2014 -
Amazon Prime should expand: report
Investment research firm Baird Equity says there’s “plenty of room” to bring more products into the retailer's membership program.
By Daphne Howland • March 6, 2014 -
Japan plans to regulate bitcoin
After the collapse of a major bitcoin exchange based in Tokyo, Japan is making good on its position that the virtual currency must be regulated.
By Daphne Howland • March 5, 2014 -
US Supreme Court will hear Amazon warehouse worker case
At issue is whether a retailer must pay employees for time they spend waiting to go through metal detectors and other security.
By Daphne Howland • March 5, 2014 -
Consumers irked by mobile ads
People use their smartphones for a variety of tasks, but find most mobile ads annoying and irrelevant.
By Daphne Howland • March 4, 2014 -
Apple CEO, investor activist face off at shareholder meeting
Tim Cook loses his cool during the company’s annual shareholder meeting.
By Daphne Howland • March 4, 2014 -
Study says e-coupons helped retailers boost Q4 revenues
E-mails with coupons led to 43% more revenue than those without, with 50% more coupons circling around this holiday season.
By Daphne Howland • March 4, 2014 -
Home Depot, Lowe’s boost sales as home sales rebound
Number two Lowe’s, less dependent on contractors who saw less work during extreme January weather, benefited even more than its rival.
By Daphne Howland • March 3, 2014 -
Jos. A. Bank open to talks with Men's Wearhouse
The move is one of self-protection rather than any real change of heart regarding a merger with its rival.
By Daphne Howland • March 3, 2014 -
Uniqlo parent eyes J. Crew
The U.S. apparel retailer reportedly wants $5 billion, but it’s early days and there aren’t yet any specifics.
By Daphne Howland • March 3, 2014 -
Comeback kids and changing trends: The top 5 stories of the week
Read on for this week's most popular content.
By Kelsey Lindsey • Feb. 28, 2014 -
Cool retail activity contributes to slower U.S. economy: Commerce Dept.
While the Congressional Budget Office has revised its outlook with more dire predictions, many experts expect a rebound with warmer weather.
By Daphne Howland • Feb. 28, 2014 -
Zulily wows in first post IPO earnings report
The boutique children’s clothing marketplace appears to have excellent longer term prospects, too.
By Daphne Howland • Feb. 26, 2014 -
Deep Dive
Deals! Deals! Deals! And what they mean for retailers
Price-conscious customers aren’t likely to go away any time soon, and today they have the apps to help them discover the deals they love.
By Daphne Howland • Feb. 25, 2014 -
Barnes & Noble receives offer from investing firm
If G Asset Management can’t take control of the company it might try for just the bookseller’s Nook business.
By Daphne Howland • Feb. 25, 2014 -
U.S. Attorney General puts pressure on data breach disclosures
Eric Holder urged Congress to require retailers to fess up quickly when customer data is exposed.
By Daphne Howland • Feb. 24, 2014