Financial News: Page
-
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 -
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