Financial News: Page 419
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U.S. retail sales make biggest jump in five months
The increase was largely boosted by an improving job market.
By Roger Riddell • March 13, 2013 -
Michaels increases profit ahead of IPO
The IPO was on hold prior to the hiring of new CEO Carl Rubin.
By Roger Riddell • March 13, 2013 -
Retailers sue Visa over penalties brought on by cyberattacks
Visa is being accused of "punishing" retailers who are attempting to contain data breaches.
By Christopher Sacco • March 13, 2013 -
Texas Supreme Court says asking for customers' ZIP codes is illegal
Texas' highest court rules that Michaels had broken consumer protection laws.
By Christopher Sacco • March 13, 2013 -
Forever 21 is becoming the teen retail market's dominant player
Analysts warn that Forever 21's rapid growth makes it too big for its competitors to ignore.
By Roger Riddell • March 12, 2013 -
Alibaba names Lu CEO ahead of possible IPO
Jonathan Lu will replace Jack Ma as the CEO of China's largest e-commerce company.
By Christopher Sacco • March 11, 2013 -
LightSpeed to open its U.S. headquarters in Manhattan
The Canadian company provides inventory management and sales solutions.
By Christopher Sacco • March 11, 2013 -
Ex-Gamestop communications VP sentenced to prison
The former corporate spokesman pleaded guilty to defrauding the company out of almost $2 million.
By Roger Riddell • March 8, 2013 -
Sycamore Partners purchases Hot Topic for $600 million
The firm will take the teen apparel retailer private.
By Roger Riddell • March 8, 2013 -
Several retailers top February sales forecasts
The numbers are fueling optimism that consumer confidence is on the rise.
By Roger Riddell • March 7, 2013 -
Retail group supports repeal of employer healthcare mandate
The group argues that the repeal will help the retail community since it is dependent on labor.
By Christopher Sacco • March 7, 2013 -
Retailers join suits over 'pay for delay' pharmaceutical deals
Retailers say they sustained losses as a result of alleged antitrust law violations by pharmaceutical companies.
By Roger Riddell • March 6, 2013 -
Martha Stewart takes stand, denies wrongdoing in J.C. Penney deal
Stewart went on to say that Macy's hasn't upheld its end of an agreement to maximize the potential of her company's business.
By Christopher Sacco • March 6, 2013 -
Sears Holdings Corp. CEO Lampert invests heavily in company
Premarket trading was up on news of the Lampert's Monday stock purchase.
By Roger Riddell • March 5, 2013 -
Obama officially nominates Walmart exec for budget chief
Burwell previously served in several other government positions.
By Roger Riddell • March 4, 2013 -
Amazon leads in customer satisfaction, Netflix continues to struggle
Netflix is still repairing its reputation with customers after missteps in 2011.
By Roger Riddell • March 3, 2013 -
Target's entrance into Canada expected to create 'all-out retail war'
Target is launching in Canada at an inconvenient time for the country's retailers.
By Roger Riddell • Feb. 27, 2013 -
Canadian costs impact Target earnings
Sales were also reportedly held back by continuing shopper uncertainty in the current economy.
By Roger Riddell • Feb. 27, 2013 -
Macy's CEO takes stand in Martha Stewart case
The trial is over the exclusivity of Martha Stewart's branded products.
By Christopher Sacco • Feb. 26, 2013 -
Lowe's quarterly results up on makeover, Sandy sales
The company forecasts a sales increase for the current fiscal year.
By Roger Riddell • Feb. 25, 2013 -
Tax on online, out-of-state retailers under consideration in Missouri
Stores making deliveries to Missouri residents from neighboring states are a primary target of the legislation.
By Roger Riddell • Feb. 25, 2013 -
Macy's, J.C. Penney go to court over Martha Stewart products
Macy's alleges Martha Stewart Living breached its contract by signing a contract with J.C. Penney, which is taking advantage of a store-within-a-store loophole.
By Roger Riddell • Feb. 21, 2013 -
Wal-Mart sex discrimination claim dismissed in Tennessee
The dismissal denies suits in five southern states.
By Christopher Sacco • Feb. 21, 2013 -
Wal-Mart emails reveal tax worries for retailers
After payroll-tax breaks expired at the end of 2012, Wal-Mart is having the worst start to monthly sales in seven years.
By Davide Savenije • Feb. 19, 2013 -
Harris Teeter confirms possible sale
Industry analysts speculate whether a competitor or private equity firm will buy the chain.
By Davide Savenije • Feb. 15, 2013