Financial News: Page 318
-
Alibaba's Ma: 'If you want to sue us, sue us'
Investigations and lawsuits offer greater insight into Alibaba's business practices, according to its founder.
By Daphne Howland • July 11, 2016 -
Analysts warn Gap needs more time despite promising June sales
June was a ray of sunshine for the struggling apparel retailer, but analysts want to see more improvement.
By Daphne Howland • July 11, 2016 -
Eyeing e-commerce efficiencies, Nordstrom buys stake in software platform
The department store has promised cost-cutting and investments to improve its e-commerce margins.
By Daphne Howland • July 11, 2016 -
Wal-Mart combats Amazon Prime Day with no-minimum free shipping
The retailer is offering free shipping on all online orders during the week of July 11, its latest move to steal some thunder from Amazon's much-publicized Prime Day shopping event.
By Daphne Howland • July 11, 2016 -
June same-store sales beat expectations
Gap Inc. shares climbed 2.6% in late trading after the company's same-store sales increased 2% in June.
By Daphne Howland • July 8, 2016 -
Wal-Mart, J.C. Penney launch rival Amazon Prime Day sales
Kohl's and Newegg also are seizing on the buzz generated by Amazon’s Prime Day event to launch their own major midsummer sales.
By Daphne Howland • July 8, 2016 -
U.S. officials seize $6.5m in counterfeit goods in Puerto Rico
The sting targeted retailers accused of selling fakes with labels from Michael Kors, Gucci, Prada, Chanel and others.
By Daphne Howland • July 8, 2016 -
Target overhauls kids apparel line under new Cat & Jack brand
The Cat & Jack line replaces Target's mainstay Cherokee and Circo labels.
By Daphne Howland • July 8, 2016 -
Deep Dive
Retail Therapy: Now hiring? Kanye West's Yeezy apparel project
Also in this week's Retail Therapy: Staples takes the gloves off on Twitter and the internet reveals the craziest Costco returns.
By Kelsey Lindsey • July 8, 2016 -
Mall vacancies rise as traditional locations falter
“The heyday of department stores is clearly in the past,” according to real estate research firm Reis’ chief economist.
By Daphne Howland • July 7, 2016 -
Amazon UK downplays Brexit impact, plans to add 1,000 jobs
Many have speculated that newly-drawn lines created by the so-called Brexit vote would impede Amazon’s fulfillment, shipping and hiring efforts, stalling its ambitious expansion plans.
By Daphne Howland • July 7, 2016 -
CPSC recalls 500k hoverboards over fire hazard
The self balancing scooters, a huge holiday hit last year, have caused burns and fires due to overheating of their lithium-ion batteries.
By Daphne Howland • July 7, 2016 -
Walgreens confident Rite Aid merger will go through
The company expects to close only 500 stores as part of the the $9.4 billion deal, far below many analysts’ expectations.
By Daphne Howland • July 7, 2016 -
J.C. Penney offshores some IT jobs, but plans to beef up tech effort
Some IT jobs at the retailer's Plano, TX headquarters that have been filled by contract employees likely will be cut and offshored to its new Bangalore, India office.
By Dan O'Shea • July 6, 2016 -
Ikea under pressure to extend dresser recall to China
Many are criticizing Ikea's decision to limit the recall of 29 million dressers to North America.
By Daphne Howland • July 6, 2016 -
"Staples Store sign logo building facade, US Postal Service, Staples Home Office Supplies Strike Picket" by Mike Mozart is licensed under CC BY 2.0
Report: Staples considering sale of UK stores
Many of Staples' 107 stores in the UK are in poor retail locations, which could make them difficult to sell off.
By Daphne Howland • July 6, 2016 -
Deadly Dhaka attack could stymie garment industry reforms
Worker activists in Bangladesh fear their cause will suffer after the Friday attack that killed 20 hostages.
By Daphne Howland • July 6, 2016 -
Report: Back-to-school shopping sales to grow 2.6%
But much of the rise is in e-commerce, which promises to slice into profits.
By Daphne Howland • July 5, 2016 -
Amazon said to be planning bookstore for NYC's Hudson Yards
The location would bring Amazon's physical store effort to the East Coast.
By Daphne Howland • July 5, 2016 -
Ikea pledges higher quality as consumer expectations change
The Swedish furniture giant aims to attract new customers, including older consumers that don’t consider Ikea when it’s time to redecorate.
By Daphne Howland • July 5, 2016 -
Nike founder Phil Knight steps down, Tim Cook named lead independent director
Nike President/CEO Mark Parker will replace Knight as chairman, completing a succession plan initiated a year ago.
By Daphne Howland • July 1, 2016 -
Dick's Sporting Goods wins Sports Authority brand name at auction
The sportswear retailer could use the Sports Authority's name for an off-price effort, one analyst speculates.
By Daphne Howland • July 1, 2016 -
VF unloads struggling contemporary brands unit for $120m
Israeli apparel company Delta Galil will acquire 7 for All Mankind, Splendid, and Ella Moss in what looks to be a win-win deal.
By Daphne Howland • July 1, 2016 -
California lawmaker withdraws bill to end 'pink tax' retail pricing disparity
Retailers and manufactures had opposed California state Sen. Ben Hueso's bill, which sought to block stores from charging more for products marketed for women and girls.
By Daphne Howland • July 1, 2016 -
Court rejects Visa, MasterCard swipe-fee settlement with retailers
The NRF applauded the move, saying the deal "failed to represent the interests of retailers."
By Dan O'Shea • June 30, 2016