Financial News: Page 329
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Kohl's 'Yes2You' loyalty program is fashioning results
The chain's loyalty initiative sources 80% of purchases to existing customers.
By Ian P. Murphy • Dec. 14, 2015 -
Wal-Mart now the largest retailer to sell Apple Watch
The move could be part of Wal-Mart’s ongoing efforts to appeal to a wealthier shopper.
By Daphne Howland • Dec. 14, 2015 -
Men's Wearhouse founder: Jos. A. Bank merger was 'ill-fated'
George Zimmer, the face of the company since its founding in 1973, was ousted in 2013 over disagreements about the company’s direction.
By Daphne Howland • Dec. 14, 2015 -
Iconic L.A. boutique retailer Kitson shuttering
Store closings and going-out-of-business sales have begun, signaling the end of an era.
By Daphne Howland • Dec. 14, 2015 -
Ikea CEO: Online sales to drive 10% of revenue by 2020
The retailer pulled in more than 1 billion euros in online sales last year.
By Kelsey Lindsey • Dec. 11, 2015 -
Retail sales show decent rise in November
Overall retail sales rose 0.2% in November, according to the U.S. Department of Commerce.
By Daphne Howland • Dec. 11, 2015 -
Amazon pitches Prime membership with miniature horse's help
The lonely animal's anguish is assuaged by the two-day delivery of a pet door from Amazon.
By Ian P. Murphy • Dec. 11, 2015 -
Men's Wearhouse hurt by Jos. A. Bank difficulties
An attempt to step away from Jos. A. Bank’s massive “Buy a suit, Get three free” discount is not turning out to be easy.
By Daphne Howland • Dec. 11, 2015 -
Overstock ends sales of hoverboards citing fire hazard concerns
The popular holiday items are exploding—and not in a good way, prompting investigations and warnings from government officials.
By Daphne Howland • Dec. 11, 2015 -
FTC doles out $1.3M in fines to retailers over bamboo rayon
Nordstrom, Bed Bath & Beyond, J.C. Penney, and Backcountry.com will collectively pay the fine to settle allegations of deceptive labeling.
By Daphne Howland • Dec. 11, 2015 -
Warren Buffett buys big stake in Sears REIT
The move makes Buffett the trust’s second-largest shareholder.
By Daphne Howland • Dec. 11, 2015 -
Study: Wal-Mart's imports have cost the US 400,000 jobs
The retailer criticized the study as “an old report with flawed economic analysis.”
By Daphne Howland • Dec. 10, 2015 -
Feds say J.C. Penney misled customers over fiber products
The U.S. Justice Department Federal Trade Commission Wednesday sued J.C. Penney under the federal Textile Fiber Products Identification Act, following a 2010 warning to change its marketing of socks and other textiles.
By Daphne Howland • Dec. 10, 2015 -
Costco dinged by slowed membership growth, credit-card switch
The retailer’s membership model led one retail analyst to deem the retailer “Amazon-proof” just last week.
By Daphne Howland • Dec. 10, 2015 -
Retail exec bringing upscale vibe to Apple stores
Angela Ahrendts has been decisive in her moves, from revitalizing store employee morale to bringing in top-notch peripherals.
By Daphne Howland • Dec. 9, 2015 -
Staples shareholders anxious as FTC moves against deal
Staples' share price fell 14% Monday and another 8% Tuesday.
By Daphne Howland • Dec. 9, 2015 -
Activist investor Carl Icahn angling for Pep Boys
Icahn has acquired one-eighth of Pep Boys' stock and has topped Bridgestone’s $835 million offer. But what's really in it for him?
By Daphne Howland • Dec. 8, 2015 -
Restoration Hardware is getting closer to clothing sales
The retailer’s CEO has been talking about a move into apparel and accessories since the company’s 2012 acquisition of apparel brand Hierarchy.
By Daphne Howland • Dec. 8, 2015 -
FTC moves to block Staples' $6.3B Office Depot merger
The companies say they’ll fight, but any resolution could take years.
By Daphne Howland • Dec. 8, 2015 -
Nordstrom ramps up tech investments with Shoes of Prey financing
Nordstrom’s tech savvy could set it apart from other department stores, many experts say.
By Daphne Howland • Dec. 8, 2015 -
Is Costco 'Amazon proof'?
At least one analyst believes that Costco has a string of advantages that makes it so.
By Daphne Howland • Dec. 7, 2015 -
Zappos new ad surprises 1,900 Hanover households with gifts
Zappos employees deliver boxes full of merchandise under the cover of darkness in the new video.
By Ian P. Murphy • Dec. 7, 2015 -
Dov Charney pursuing bid to take back American Apparel
The company’s founder, who was ousted in a bitter battle last year, has submitted an “indication of interest” and is working with an investment bank to explore a return to power.
By Daphne Howland • Dec. 7, 2015 -
J. Crew names new CFO as loss widens
The struggling retailer also said its Q3 revenue fell 5.5%.
By Daphne Howland • Dec. 7, 2015 -
Deep Dive
Retail Therapy: All the (wannabe) Presidents' ugly sweaters
Every week, we bring you the most interesting retail news from around the Web.
By Kelsey Lindsey • Dec. 4, 2015