Financial News: Page 336
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"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
Staples garners EU approval for Office Depot acquisition
But the merger faces continued scrutiny in the U.S. and Canada.
By Daphne Howland • Feb. 10, 2016 -
Deep Dive
What does Wal-Mart owe the towns it leaves? 9 experts weigh in
What obligation—if any—does a business have to the communities it leaves? The answer is not as clear as one might think.
By Kelsey Lindsey • Feb. 10, 2016 -
Saks Off 5th announces first Gilt store-within-a-store
Hudson’s Bay's purchase of the flash-sales company solves problems for Saks and Gilt, especially as Saks looks to compete with (or imitate) Nordstrom.
By Daphne Howland • Feb. 10, 2016 -
Burberry files suit against J.C. Penney over signature plaid
The luxury brand says the chain used exact copies of its traditional plaid pattern on jackets and scarves.
By Ian P. Murphy • Feb. 10, 2016 -
Sears to close more stores in cost-cutting effort
The retailer also said that it’s boosting its apparel offerings to combat weak sales in that area.
By Daphne Howland • Feb. 9, 2016 -
Gap posts fourth quarter sales as Old Navy stumbles
The retailer’s flagship brand shows new signs of life, but faltering sales at Old Navy, which has carried the company for several quarters, is a new concern.
By Daphne Howland • Feb. 9, 2016 -
Nordstrom debuts first TV ad since 2013
The retailer's "See Anew" campaign promotes spring styles.
By Ian P. Murphy • Feb. 9, 2016 -
CVS reports strong Q4 thanks to Omnicare acquisition
CVS continues to suffer from its lack of tobacco sales, but that move, plus others, helps solidify its push to be an all-around health care player.
By Daphne Howland • Feb. 9, 2016 -
Target to launch gender-neutral decor line for kids
Target says this move isn’t driven by a desire to make a political statement, but rather to meet demands from its customers.
By Daphne Howland • Feb. 9, 2016 -
Report: Jessica Alba's Honest Co. preparing an IPO
There’s been talk of an IPO for the company for a couple of years now, but many startups have held off going public until the market settles down.
By Daphne Howland • Feb. 8, 2016 -
Sears losing market share to Goodwill in women's clothing
Many younger women love shopping for second-hand clothes, but Sears risks falling farther behind as rivals pay attention to their women’s apparel lines.
By Daphne Howland • Feb. 8, 2016 -
American Apparel emerges from Chapter 11 as a private company
After years of falling sales and accumulating debt, American Apparel's bankruptcy process now forms the foundation of its turnaround.
By Daphne Howland • Feb. 8, 2016 -
Deep Dive
Retail Therapy: Ikea knows—we're all just there for the food
And a look at the pants that stole the Super Bowl.
By Kelsey Lindsey • Feb. 5, 2016 -
Visa opens retail payments tech to outside developers
Visa Developer will offer devlopers access to hundreds of Visa APIs.
By Ian P. Murphy • Feb. 5, 2016 -
J.C. Penney mulling sale of HQ as it looks to trim costs
In this robust real estate market, many retailers are increasingly under pressure to extract value from their property portfolios.
By Daphne Howland • Feb. 5, 2016 -
Instagram unveils first 60-second ad
The platform boosts maximum video length for advertisers.
By Ian P. Murphy • Feb. 5, 2016 -
Wal-Mart to run more of its own gas stations
The retailer, which recently announced a shift in its store footprint, aims to capture sales from fuel and traditional convenient-store items.
By Daphne Howland • Feb. 5, 2016 -
Nasty Gal lays off 10% of staff in 'strategic restructuring'
The move comes a year after Nasty Gal founder Sophia Amoruso handed over the CEO position to her number two, Sheree Waterson.
By Daphne Howland • Feb. 5, 2016 -
Report: Sports Authority is preparing for bankruptcy
The embattled retailer is trying to stave off a filing through negotiations with bondholders.
By Daphne Howland • Feb. 5, 2016 -
Kohl's lowers forecast in the midst of turnaround
The retailer greatly boosted its Q4 web sales and is seeing traction with its omnichannel efforts, but missed expectations nonetheless.
By Daphne Howland • Feb. 5, 2016 -
Deep Dive
Why brick-and-mortar stores make sense for Amazon
Reports that the e-retail giant is planning to greatly expand its brick-and-mortar footprint are indicative of a larger trend in retail.
By Kelsey Lindsey • Feb. 4, 2016 -
Fire erupts at H&M, J.C. Penney factory in Bangladesh
The early morning fire shows that not much has improved since 2013’s deadly Rana Plaza collapse, worker advocates say.
By Daphne Howland • Feb. 4, 2016 -
Home Depot keeps seasonal spring hiring steady with 80,000-plus hires
The home improvement retailer has taken on the same number of seasonal workers since 2013, while rival Lowe’s is expanding.
By Daphne Howland • Feb. 4, 2016 -
Wal-Mart sues Puerto Rico over new tax hike
The retailer is a major employer and retailer on the island and says it’s being singled out for a windfall to help the government’s precarious finances.
By Daphne Howland • Feb. 4, 2016 -
Michael Kors may have found a sweet spot in the luxury market
The luxury retailer said that same-store sales fell 0.9% in the most recent quarter, a lift from tumbling fortunes of the past three quarters.
By Daphne Howland • Feb. 3, 2016