Financial News: Page 320
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Theft-prevention tag maker Checkpoint acquired for $443m
Checkpoint Systems offers advanced RFID inventory control systems that help retailers track and secure merchandise from source to shelf.
By Ian P. Murphy • March 3, 2016 -
Why low gas prices don't bug Costco
Low fuel prices hurt the warehouse retailer less than other station retailers, for a number of reasons.
By Daphne Howland • March 2, 2016 -
Abercrombie shows surprising strength in Q4
The retailer’s merchandising changes have enabled it to ease up on heavy discounting in addition to selling more, according to its report.
By Daphne Howland • March 2, 2016 -
ModCloth hires 3 execs to help with brick-and-mortar expansion
The retailer enjoys a strong sense of self and loyalty among its shoppers, which it calls its “community.”
By Daphne Howland • March 2, 2016 -
Deep Dive
Was Ron Johnson right?
Ron Johnson’s time at J.C. Penney is universally seen as a disaster. But what if some of the ideas he had are exactly what department stores need today?
By Kelsey Lindsey • March 1, 2016 -
Sports Authority files for bankruptcy
The company will close or sell around 140 stores in the upcoming months.
By Kelsey Lindsey • March 1, 2016 -
Jet buys home furnishings e-retailer Hayneedle
The acquisition brings the upstart online marketplace an array of household goods.
By Ian P. Murphy • March 1, 2016 -
Report: Sports Authority may sell stores to Dick's
But nothing will happen until the struggling Sports Authority files for bankruptcy, sources told Bloomberg.
By Daphne Howland • March 1, 2016 -
Dollar Tree misses expectations after Family Dollar acquisition
Even an improving economy is failing to dent consumers' need for low prices.
By Daphne Howland • March 1, 2016 -
Amazon unsettles UK grocery market with Morrisons deal
The U.K. supermarket space is seeing turmoil, with pricing and delivery wars rampant.
By Daphne Howland • March 1, 2016 -
Lumber Liquidators taps Lowe's vet during 'pivotal time'
Dennis R. Knowles comes aboard as COO amid worse-than-expected sales and fears of a cancer risk in the retailer's laminate flooring.
By Daphne Howland • March 1, 2016 -
Amazon veteran joins Target in supply chain fix
Arthur Valdez has been an operations executive at Amazon for 16 years.
By Daphne Howland • March 1, 2016 -
Cardlytics unveils consumer insights data product
The data intelligence provider's Platform Solutions will measure the impact of campaigns and help hone segmentation.
By Ian P. Murphy • Feb. 29, 2016 -
Wayfair reports strong sales as more customers return to buy
The e-retailer and its sites benefited greatly from strong holiday sales, and its repeat-customer number is especially notable.
By Daphne Howland • Feb. 29, 2016 -
Zappos wants to make Leap Day a national holiday
The company gave all of its 1,600 employees Feb. 29 off, including those at its 24-hour, seven-days-a-week call center.
By Daphne Howland • Feb. 29, 2016 -
J.C. Penney's luxury it can now afford: paying down debt
In its earnings report last week, the rebounding retailer put an emphasis on cost-trimming and debt reduction.
By Daphne Howland • Feb. 29, 2016 -
Wal-Mart to train store managers in new customer service academies
The move comes as the retailer is spending $1 billion on boosting wages and training for workers.
By Daphne Howland • Feb. 29, 2016 -
WSJ: Alibaba seeking $4b to expand
Unnamed sources say the Chinese e-commerce giant has plans to expand in part through acquisitions, building on its billion-dollar efforts last year.
By Daphne Howland • Feb. 26, 2016 -
Shopgate promotes Biel to CEO
The mobile commerce startup is readying for a major expansion upon its imminent move to Austin, TX.
By Ian P. Murphy • Feb. 26, 2016 -
Gap hit by style and quality missteps in fourth quarter
The retailer's full-year profit forecast also underwhelmed Wall Street, with shares falling on the news.
By Daphne Howland • Feb. 26, 2016 -
Sears CEO faces down critics in annual letter
Eddie Lampert gave investors, employees, and customers a piece of his mind Thursday, calling criticism of Sears "unfair."
By Daphne Howland • Feb. 26, 2016 -
J.C. Penney delivers elusive retail success in Q4
The results show that J.C. Penney’s turnaround may have gained some momentum under new CEO Marvin Ellison.
By Daphne Howland • Feb. 26, 2016 -
AppCard attracts $20m in venture funding
The loyalty program provider is targeting smaller retailers with a mobile-enhanced system.
By Ian P. Murphy • Feb. 26, 2016 -
Kohl's to close stores, cautions of full-year sales decline
The retailer also said it would test smaller-format stores in seven U.S. cities, expand its off-price pilot, and open 12 Fila outlet stores nationwide.
By Daphne Howland • Feb. 25, 2016 -
Sears loss widens on competitive holiday season
The retailer says it will continue to scale back and focus on its Shop Your Way membership program, but cost-cutting could impede efforts to improve stores and apparel.
By Daphne Howland • Feb. 25, 2016