Financial News: Page 316
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Target shares fall on Barclays downgrade
Target must increase its web sales to improve its performance but is missing its own goals, according to Barclays’ analysts.
By Daphne Howland • April 1, 2016 -
Deep Dive
Why retail is short on women leaders—and what retailers can do about it
Retailers have long been dependent on women consumers—so why is this key demographic underrepresented in retail leadership?
By Kelsey Lindsey • March 31, 2016 -
Lululemon strikes a confident pose in Q4, beating expectations
The retailer projected muted expectations for this year, though.
By Daphne Howland • March 31, 2016 -
Macy's slashes executive incentives to zero after disastrous 2015
CEO Terry Lundgren took a $1.1 million pay cut, down 8.6% from 2014.
By Daphne Howland • March 31, 2016 -
Analyst: Costco's new store credit card could bring new members
Details about the retailer’s switch from American Express to Visa have emerged, and some new benefits could make Costco members even stickier.
By Daphne Howland • March 31, 2016 -
NLRB files complaint against warehousing firm used by Amazon, Lowe's
California Cartage violated workers' right to organize, the complaint says.
By Ian P. Murphy • March 31, 2016 -
L.L. Bean, Amazon, Nordstrom top list for stellar customer service
Free shipping, liberal return policies, and excellent customer service in-store are the hallmarks of retailers scoring well in Prosper Analytics' annual customer service survey.
By Daphne Howland • March 30, 2016 -
Restoration Hardware stumbles on inventory snafus, tighter pursestrings
The strong dollar and other financial headwinds pose a bigger concern than shipping delays, the retailer said.
By Daphne Howland • March 30, 2016 -
Lululemon testing fashion for outside the yoga studio
Some of its new apparel seems a lot like Kit and Ace, the performance fashion retailer launched by Lululemon founder and former-CEO Chip Wilson’s family.
By Daphne Howland • March 30, 2016 -
Neiman's marketing chief calls it quits
Wanda Gierhart spearheaded the company's omnichannel efforts and its Snap.Find.Shop. visual search app.
By Ian P. Murphy • March 29, 2016 -
TreasureHunt malware strain stealing swipe payment data
Cybersecurity experts said the malware intercepts consumer credit card information from POS systems.
By Ian P. Murphy • March 29, 2016 -
Report: Facebook Messenger set to support in-store payments
The popular chat app would process payments for items to be picked up in stores.
By Ian P. Murphy • March 29, 2016 -
UPDATE: California Assembly approves $15-per-hour minimum wage; NY gets closer too
The National Retail Federation opposes legislating a national rate for hourly workers, preferring the option to stay with retailers.
By Daphne Howland • March 29, 2016 -
Restoration Hardware launches paid membership program, ends sales
Many experts say it’s the wave of the future, but how many memberships will even wealthy households pay for?
By Daphne Howland • March 29, 2016 -
Wal-Mart beats back Puerto Rico tax
A federal judge agreed that the tax seemed aimed at Wal-Mart in particular, and invalidated it.
By Daphne Howland • March 29, 2016 -
Spending muted in February as cautious Americans save more
Wage stagnation and timid spending has been the story for a while now, and American consumers are, apparently, sticking to it.
By Daphne Howland • March 28, 2016 -
Judge takes major issue with FTC in Staples/Office Depot proceedings
According to the judge, the FTC asked Amazon to lie and say it wasn’t ready to service businesses’ office supplies needs. The truth is, Amazon does seem ready.
By Daphne Howland • March 28, 2016 -
Finish Line commits $15m to boost digital efforts
Beyond fierce competition in the sportswear space, the retailer also faces self-inflicted logistics challenges.
By Daphne Howland • March 28, 2016 -
Fab co-founder Shellhammer scooped up by eBay
Shellhammer's hire is a good fit considering eBay's push to get more creative in its curation and collections efforts.
By Daphne Howland • March 28, 2016 -
Reveal Mobile, Unacast partner to connect beacons and advertising
The deal promises to help merchants more effectively capitalize on data collected from beacons.
By Ian P. Murphy • March 27, 2016 -
Dollar General plans to open 1,000 new stores in 2017
The news comes at a time when bargain retailers are thriving.
By Jason Ankeny • March 24, 2016 -
Amazon: No pay gap for female, minority workers
Pressure from an activist shareholder prompted Amazon to reveal its policies on gender pay equality.
By Daphne Howland • March 24, 2016 -
Wal-Mart cited by OSHA for health and safety violations
Wal-Mart says it’s "confused" by the allegations, claiming it has a strong health and safety program in place.
By Daphne Howland • March 24, 2016 -
Target readies Marimekko line designed for scarcity
Following the frenzy surrounding its limited Lilly Pulitzer line, Target has taken steps to limit reselling on online marketplaces.
By Daphne Howland • March 24, 2016 -
Nike misses on revenue expectations, poaches Under Armour design guru
The athetic wear giant's fiscal Q3 profits rose as sales increased, but the strong dollar undermined international revenues.
By Daphne Howland • March 23, 2016