Financial News: Page 306
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Birchbox trims 12% of staff in second layoffs this year
The subscription retailer’s struggles show what can happen when an upstart company is based on a novel but easily replicable idea.
By Daphne Howland • June 29, 2016 -
Nike shakeup fuels speculation over CEO succession plans
Nike executive Michael Spillane's recent promotion has observers murmuring about potential successors for CEO Mark Parker.
By Daphne Howland • June 28, 2016 -
Wal-Mart Canada promotes Tappenden to CEO
Lee Tappenden replaces Dirk Van den Berghe, who was recently appointed to lead Wal-Mart's China unit.
By Daphne Howland • June 28, 2016 -
Report: Dick's Sporting Goods bids on 17 Sports Authority stores
Expected offers from Academy Sports + Outdoors as well as a rumored partnership between Modell’s and Sports Direct International did not materialize.
By Daphne Howland • June 28, 2016 -
Finish Line beats Q1 expectations, boosted by Adidas sales
Shares of Finish Line rose more than 20% on Friday, its biggest spike in more than seven years.
By Daphne Howland • June 27, 2016 -
Best Buy extends Geek Squad in-home consulting services
The program is just one of several pilot programs the retailer is testing to ramp up its service offerings.
By Daphne Howland • June 27, 2016 -
Aeropostale asks for judge's approval to pay exec bonuses
The embattled teen apparel retailer says it needs the money to pay hard-to-replace workers at a time when it needs to strategize.
By Daphne Howland • June 27, 2016 -
Deep Dive
Retail Therapy: Are all of Lululemon's board members 'for real'?
After news outlet The Street found Lululemon board member Rhoda Pitcher too hard to track down for a story, it caused them to question if she was really "for real." That, and more, in this week's Retail Therapy.
By Kelsey Lindsey • June 24, 2016 -
Advocacy groups demand Wal-Mart withdraw GOP convention support
Making Change at Wal-Mart, which often lobbies the retailer for better pay and working conditions, says it will stage protests if the company doesn’t respond.
By Daphne Howland • June 24, 2016 -
Alibaba founder walks back remarks on superiority of knockoffs
Jack Ma clarified recent remarks, calling counterfeit goods "absolutely unacceptable" and arguing that brands and their intellectual property "must be protected.”
By Daphne Howland • June 24, 2016 -
Barnes & Noble planning beer, wine offerings at new restaurants
The move fits with CEO Ron Boire’s efforts to expand Barnes & Noble’s merchandise mix to include gifts and toys.
By Daphne Howland • June 24, 2016 -
Macy's CEO to resign; successor named
Terry Lundgren, Macy's CEO since 2003, will pass the reins on to current president Jeff Gennette in the first quarter of next year.
By Kelsey Lindsey • June 23, 2016 -
FedEx boosting capital spending to keep up with e-commerce
Although FedEx executives downplayed Amazon’s shipping ambitions, they’re becoming increasingly difficult to ignore.
By Daphne Howland • June 23, 2016 -
Circuit City delaying store, website relaunch 'to get it right'
The revived Circuit City plans to work with Amazon, and not just compete against it, said CEO Ronny Shmoel.
By Daphne Howland • June 23, 2016 -
Instacart cuts cashier hours in NYC, assigns checkout chores to in-store shoppers
Instacart continues to make changes to its online grocery shopping model, but says it is not eliminating the cashier role from its services.
By Dan O'Shea • June 22, 2016 -
H&M vows continued expansion despite weakest sales growth in 3 years
The fast fashion retailer's profit fell 17% in the second quarter and 22% in the first six months of 2016, pressured by the strong dollar and cold spring weather.
By Daphne Howland • June 22, 2016 -
Lands' End shuffles exec ranks, hires new CMO
Becky Gebhardt, who’s been at the retailer since 1991, will be the new EVP and chief marketing officer.
By Daphne Howland • June 22, 2016 -
Deutsche Bank: Amazon set to eclipse Best Buy as top consumer electronics retailer
Consumer electronics sales grew 28% at Amazon in 2015, compared to same-store sales increases of 4.3% at Apple and 3.8% at Best Buy.
By Daphne Howland • June 22, 2016 -
Starwood asking $1.2B for package of regional malls
Among them are malls acquired from Westfield three years ago.
By Daphne Howland • June 22, 2016 -
Report: Modell's, Sports Direct considering joint bid for Sports Authority
The bankrupt sporting goods retailer is also trying to auction off its naming rights to Denver’s “Mile High Stadium.”
By Daphne Howland • June 21, 2016 -
LinkedIn: Apple, Amazon among most attractive employers
Today’s employees value flexible workplaces and strong leadership over top salaries and traditional office perks, according to LinkedIn survey data.
By Daphne Howland • June 21, 2016 -
Apple gets clearance to open stores in India
India's new foreign investment rules apply to all overseas retailers, giving them three years to meet requirements to locally source 30% of store goods.
By Daphne Howland • June 21, 2016 -
Supreme Court orders Labor Dept. to clarify overtime rule change
The agency may have overstepped its own precedent in allowing overtime pay for certain types of auto dealership salespeople.
By Daphne Howland • June 21, 2016 -
Deep Dive
How Ralph Lauren ended up needing a 'Way Forward' plan
The sartorial empire built on one man's exquisite taste faces a need for change and a new kind of consumer.
By Daphne Howland • June 20, 2016 -
UPDATE: Wal-Mart sells Chinese e-commerce site to Alibaba rival JD.com
A deal between JD.com and Wal-Mart China could help the retailers compete with Alibaba in the country's competitive e-commerce landscape.
By Daphne Howland • June 20, 2016