Financial News: Page 328
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Icahn wins Pep Boys for $1B plus
For Pep Boys, the deal likely means major change.
By Daphne Howland • Dec. 31, 2015 -
Amazon happily shares some solid holiday numbers
Last week the e-commerce giant sent out a boastful holiday missive with a litany of its accomplishments.
By Daphne Howland • Dec. 28, 2015 -
Heavy numbers of holiday orders slow USPS site
The postal service’s tracking site was slow at one point Tuesday morning due to 'unprecedented' demand.
By Daphne Howland • Dec. 23, 2015 -
Abercrombie ends its CEO search
The teen retailer is also shaking up its executive team.
By Daphne Howland • Dec. 23, 2015 -
J.C. Penney appoints new CIO
The former Target executive will be Penney's fifth CIO since 2011.
By Ian P. Murphy • Dec. 22, 2015 -
Apple veteran will help Alibaba head off counterfeits
IP wunderkind has helped Apple, Pfizer fight fakes in the past.
By Ian P. Murphy • Dec. 22, 2015 -
FTC rejects Staples' revised deal to buy Office Depot
Staples says it's willing to divest business contracts worth $1.25 billion, up from $500 million.
By Daphne Howland • Dec. 22, 2015 -
Wal-Mart taps new marketing chief
The company is turning to company veteran Tony Rogers, who may be set to make some big changes to the retailer’s U.S. marketing approach.
By Daphne Howland • Dec. 21, 2015 -
Retailers continue to slash prices as Christmas looms
With consumers patient and keen on discounts and time running out, retailers have little choice.
By Daphne Howland • Dec. 21, 2015 -
US trade office warns Alibaba over fakes
Although the U.S. Trade Representative’s report didn’t name Alibaba on its blacklist, it did say the Chinese conglomerate and its online marketplaces need to work harder to excise counterfeits.
By Daphne Howland • Dec. 18, 2015 -
Hedge fund Cerberus throws a lifeline to struggling Avon
The $605 million dollar deal could help salvage the company’s fortunes.
By Daphne Howland • Dec. 18, 2015 -
Apple alters top management
The change-up is not so much a shift in strategy but a continuation of the mark Cook is making on the company since the death of founder-CEO Steve Jobs.
By Daphne Howland • Dec. 18, 2015 -
'Secret Santas' paying off layaway orders nationwide
Anonymous donors and charities aim to take some pressure off struggling families during the holidays.
By Daphne Howland • Dec. 17, 2015 -
One Kings Lane lays off more staff, top execs
The developments highlight the limits of the flash-sales model.
By Daphne Howland • Dec. 17, 2015 -
CVS Health completes acquisition of Target pharmacy, clinic business
CVS may be the poster child for a new healthcare retail environment that has several drugstores rebranding themselves more broadly as medical and wellness clinics.
By Daphne Howland • Dec. 17, 2015 -
What the Federal Reserve's interest rate hike means for retailers
The increase, and the likelihood of future increases in 2016, is expected to negatively impact consumer lending and spending, and tighten the fundraising environment for retail startups.
By Kelsey Lindsey • Dec. 16, 2015 -
Study: 40% of consumers say they'll spend less if interest rates rise
A rate hike could help head off inflation and would be a sign that the Fed has faith in the economy. But retailers could be hit hard in the aftermath.
By Daphne Howland • Dec. 16, 2015 -
Warm weather brings not-too-sunny forecast for apparel sales
Sweaters, boots, and coats could see some extreme discounts by January, and spring weather could confound retailers again.
By Daphne Howland • Dec. 16, 2015 -
Matching user interest, Pinterest to concentrate on retail advertising
The bulletin board's support of retail advertisers is based off the majority of pinning activity.
By Ian P. Murphy • Dec. 16, 2015 -
Deep Dive
7 retail CEOs to watch in 2016—and beyond
The retail industry has seen quite a bit of CEO turnover in recent months. Some moves were more surprising than others.
By Daphne Howland • Dec. 15, 2015 -
Bridgestone enters Pep Boys bidding war
The U.S. subsidiary of Japanese tire company Bridgestone has raised its takeover bid to $863 million.
By Daphne Howland • Dec. 15, 2015 -
Best Buy opens Geek Squad airport pop-up in time for holiday travel
The move is part of the retailer’s ongoing effort to boost its high-touch tech service, a promising part of its business.
By Daphne Howland • Dec. 15, 2015 -
Lululemon founder says he considered buying Under Armour
Chip Wilson said he was once eyeing Under Armour when Lululemon’s stock was double what its stock was worth. How things have changed.
By Daphne Howland • Dec. 15, 2015 -
Report: Hudson's Bay trying to buy Gilt Groupe for a fraction of its old value
The companies are just in talks for now, reports the Wall Street Journal.
By Daphne Howland • Dec. 15, 2015 -
Deep Dive
Are New York's extravagant holiday windows worth the effort?
A longtime tradition, New York's department store holiday displays still draw the crowds. But what about sales?
By Kelsey Lindsey • Dec. 14, 2015