Financial News: Page 409
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Consumer confidence at a surprise 5-month high
To affect spending habits, such optimism will have to stay steady for a good while, economists say.
By Daphne Howland • Jan. 29, 2014 -
Abercrombie & Fitch to split chairman/CEO roles
The troubled teen clothing retailer made other moves, too, that are seen as an effort to soothe the nerves of its investors.
By Daphne Howland • Jan. 29, 2014 -
Caputo's buys four shuttered Dominick's in Chicago area
The purchase more than doubles Caputo's footprint in Chicago.
By Paul Conley • Jan. 28, 2014 -
Ikea posts record profits
The furniture retailer posted record profits for the year, despite its tepid embrace, so far, of e-commerce.
By Daphne Howland • Jan. 28, 2014 -
Customers expect more in exchange for their data
Research shows that consumers will trade access to their social media, location, and mobile information only for favorable pricing, shipping, and return policies.
By Daphne Howland • Jan. 28, 2014 -
Costco to host Obama following State of the Union speech
The president plans to push better wages and hiring of the long-term unemployed and will visit one of the retailer’s Maryland locations.
By Daphne Howland • Jan. 28, 2014 -
RadioShack repositioning itself with collaborative motto
The new motto, "It Can Be Done, When We Do It Together," evokes a how-to perspective targeting tech-savvy consumers.
By Roger Riddell • Jan. 27, 2014 -
Banks report data breach at Michaels stores
The crafts-store chain is the latest to disclose that customers’ credit and debit card information was possibly compromised.
By Daphne Howland • Jan. 27, 2014 -
Deep Dive
6 retail executives to watch in 2014
These new executives are taking on a distressed retail environment, emerging e-commerce possibilities, and the idiosyncrasies of each of their companies.
By Daphne Howland • Jan. 27, 2014 -
More and more customers open email on their phones
Retailers, be ready: The trend is growing, with some 65% of email opened on smartphones or tablets, two studies show.
By Daphne Howland • Jan. 24, 2014 -
Experts: Physical retail space to shrink in next decade
At least one analyst predicts a decline in overall retail space of as much as half.
By Roger Riddell • Jan. 23, 2014 -
EBay reports a strong Q4 2013, rebuffs Paypal spinoff notion
Stock surged after it was disclosed that activist investor Carl C. Icahn has almost 1% of shares and wants to split the company.
By Daphne Howland • Jan. 23, 2014 -
Deep Dive
7 retail training videos that haven't aged well
From poor lip syncing to bad accents, these retail training videos are now viewed more for their unintentional humor than their helpfulness in the workplace.
By Linda Cui • Jan. 22, 2014 -
Sears to close Chicago Loop store
Shuttering its flagship outlet in its flagship city holds special meaning for Sears as it tries to stem its losses.
By Daphne Howland • Jan. 22, 2014 -
7-Eleven expanding fresh food offerings
So far, the efforts are seeing success.
By Roger Riddell • Jan. 21, 2014 -
Target testing mini-stores for urban areas
The company, in a move it says could enable it to establish a presence in dense urban areas, will open a TargetExpress this summer.
By Daphne Howland • Jan. 17, 2014 -
Jewel-Osco president steps down after less than a year
The departure of William Emmons comes just days after the company purchased four Dominick's supermarkets from Safeway.
By Paul Conley • Jan. 16, 2014 -
NLRB takes action against Wal-Mart over strike retaliation
More than 60 supervisors and a corporate officer are named in the complaint, which was issued after settlement talks broke down.
By Daphne Howland • Jan. 16, 2014 -
Direct retail sales outpaced total retail sales in 2013
Web, catalog and TV sales were 15.9% of total retail sales in the last two months of last year, the National Retail Federation reported Wednesday.
By Daphne Howland • Jan. 15, 2014 -
Commerce Dept. says December retail sales rose
Low temps spur heavy online shopping for the strongest quarter of consumer spending in 3 years, but the good news is tempered by pressure for bargain prices.
By Daphne Howland • Jan. 15, 2014 -
Report shows Free People winning at social media
The bohemian women’s clothing outlet shines on social media and its customers upload tens of thousands of images on its own website.
By Daphne Howland • Jan. 15, 2014 -
Cherokee Inc. buys Tony Hawk apparel line for $19M
The brand is exclusively licensed for sale in Kohl's stores.
By Roger Riddell • Jan. 14, 2014 -
Target announces new $5M consumer protection and education program
The effort to boost cybersecurity and empower customers comes amid ongoing fallout from a massive credit card breach.
By Daphne Howland • Jan. 14, 2014 -
Groupon buys flash-fashion retail outfit Ideeli for $43M
The acquisition of the discount fashion retailer comes with a strong mobile business.
By Daphne Howland • Jan. 14, 2014 -
L Brands post weaker than expected sales increase
The multi-retailer company joins others in reporting slow December sales, and revenues nibbled at by holiday discounts.
By Daphne Howland • Jan. 13, 2014
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