Financial News: Page 326
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December sales dip as consumers end the year more cautious
Many consumers are pocketing their fuel savings rather than plowing it into spending, due in part to stagnate wages.
By Daphne Howland • Jan. 19, 2016 -
Lululemon hires former Target digital exec
Alan Wizemann helped develop Target's popular Cartwheel app.
By Ian P. Murphy • Jan. 18, 2016 -
Deep Dive
Retail Therapy: El Chapo's fabulous shirt choice and a finger-losing Wal-Mart brawl
Every week, we bring you some of the most interesting retail reads from around the Web.
By Kelsey Lindsey • Jan. 15, 2016 -
Wal-Mart to close 269 stores, shut down 'Walmart Express'
The retail giant plans to turn its focus to boosting Supercenters, fine-tuning Neighborhood Markets, growing its e-commerce operations, and expanding in-store pickup.
By Davide Savenije • Jan. 15, 2016 -
China, e-commerce bolster Burberry's sales growth
Economic uncertainties have hit most luxury brands hard.
By Ian P. Murphy • Jan. 15, 2016 -
American Apparel board rejects takeover bid from Charney-allied investors
Meanwhile, the bankruptcy judge overseeing the retailer’s restructuring says Charney and witnesses favorable to his return can testify at a hearing scheduled for Jan. 20.
By Daphne Howland • Jan. 15, 2016 -
Lowe's to hire 15% more seasonal workers this year
The retailer has also hired a new chief human resources officer.
By Daphne Howland • Jan. 15, 2016 -
Kohl's to replace J.C. Penney as Academy Awards sponsor after 14 years
The move will support the relaunch of the chain's private-label Sonoma brand.
By Ian P. Murphy • Jan. 15, 2016 -
Tiffany emphasizes trademarks in new marketing campaign
The luxury jeweler recently sued Costco over the use of its name, which has become a common descriptor.
By Ian P. Murphy • Jan. 14, 2016 -
Best Buy holiday sales miss, shares fall 11%
Weak demand for smartphones drove the retailer to lower its sales outlook.
By Daphne Howland • Jan. 14, 2016 -
Pitney Bowes buys cloud software firm to boost shipping logistics for e-commerce
The acquisition of Enroute Systems Corp. will help clients find shipping options and track packages.
By Ian P. Murphy • Jan. 14, 2016 -
Why Hudson's Bay bought Gilt Groupe
The flash-sales concept has more or less collapsed, but the purchase solves one of the model's biggest problems.
By Daphne Howland • Jan. 14, 2016 -
Deep Dive
Can the American department store be saved? 10 retail experts weigh in
After much instability in the space, one thing is clear — change is needed.
By Kelsey Lindsey • Jan. 13, 2016 -
Under Armour falls after analyst cites failure to appeal to women
The note comes as a surprise considering statements that the retailer would be boosting its offerings for women.
By Daphne Howland • Jan. 13, 2016 -
Retail holiday hiring fell again as e-commerce grows
This holiday saw e-commerce sales rise 20%, by some measures.
By Daphne Howland • Jan. 13, 2016 -
Closing stores may not be the saving grace retailers think it is
Many retailers are closing stores in an effort to boost profitability, but the move can have a short-term hit to profits without any guarantee of long-term improvement to performance.
By Daphne Howland • Jan. 13, 2016 -
Amazon may be fined for hazardous warehouse conditions
How fair is that “disruption” in delivery or retail if it depends on either brutal working conditions, poor pay, or both?
By Daphne Howland • Jan. 13, 2016 -
Deep Dive
4 forces retailers will have to confront in 2016
The winners will be the retailers who take the steps necessary to stay in control.
By Daphne Howland • Jan. 12, 2016 -
Hedge fund urges Macy's to unleash real estate value
In a Monday letter, major activist investor Starboard Value praised Macy’s for its capitulation to the idea of selling off some of its property assets.
By Daphne Howland • Jan. 12, 2016 -
Amid turnaround, Kohl's mulls going private
The retailer remains profitable but continues to struggle, and its board is seeking to head off activist investors.
By Daphne Howland • Jan. 12, 2016 -
Charney allied investor group offers $300M for American Apparel
The new bid tops the range the retailer itself sets in bankruptcy court documents.
By Daphne Howland • Jan. 12, 2016 -
Walgreens to sell Chicago-area clinics to Advocate
The move could help ease antitrust concerns over its proposed acquisition of Rite Aid, and is in contrast to CVS Health’s all-out bid to provide patient care.
By Daphne Howland • Jan. 12, 2016 -
Deep Dive
What China's troubles mean for retailers
The burgeoning middle class in China has been a boon to retailers. But things are changing, and retailers need to be on their toes.
By Daphne Howland • Jan. 11, 2016 -
American Eagle falls after disappointing holiday report
The retailer’s investors may need to be more patient and realistic.
By Daphne Howland • Jan. 11, 2016 -
Wal-Mart faces lawsuit over sale of bullets used in murders
The gun industry is largely protected from liability lawsuits, but circumstances in some cases could hold retailers accountable.
By Daphne Howland • Jan. 11, 2016