Financial News: Page 339
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Saks taps luxury retail veteran as fashion director
The position has been vacant since former Harrods chief merchant Marigay McKee left the job after just 15 months.
By Daphne Howland • Sept. 10, 2015 -
Big changes at Macy's hint at an overall growth strategy
In two separate announcements Tuesday, the retailer said that it will close up to 40 stores early next year, as well as partner with Best Buy to sell consumer electronics.
By Daphne Howland • Sept. 9, 2015 -
Google to test fresh grocery delivery this year
Going up against AmazonFresh, the service will launch in two cities.
By Ian P. Murphy • Sept. 9, 2015 -
FTC steps up scrutiny of Staples-Office Depot Merger
The agency is asking competitors in the contract business space to weigh in on the merger, and its decision could come in October, or even later.
By Daphne Howland • Sept. 9, 2015 -
New mattress start-ups could keep traditional retailers up at night
If department stores and mattress specialty stores aren’t worried about the new lean upstarts in the mattress business, they probably should be.
By Daphne Howland • Sept. 9, 2015 -
H&M to expand fair wage program to most factories in Asia
The company has found that better pay and other improvements led to less worker absenteeism and better retention.
By Daphne Howland • Sept. 9, 2015 -
Barry haynes [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)], from Wikimedia Commons
UPDATE: Quiksilver files for bankruptcy protection
The retailer suffered from rapid expansion that led to many inconsistencies with the brand.
By Daphne Howland • Sept. 9, 2015 -
Deep Dive
The British are coming: What to expect from Primark's US launch
Fast fashion retailer Primark is landing in the U.S. just as some apparel retailers here seem to be turning things around.
By Daphne Howland • Sept. 8, 2015 -
Vendors nervous about American Apparel's prospects
The retailer is facing bankruptcy, worker unrest, and legal troubles with its founder, and now at least one vendor is suing over unpaid bills.
By Daphne Howland • Sept. 8, 2015 -
Re/Code: Uber retail delivery partnerships to be announced soon
Package delivery seems like a slam-dunk for Uber, but so far it pales compared to its global ride-hailing service.
By Daphne Howland • Sept. 8, 2015 -
Amazon launches restaurant delivery in Seattle
The e-retail giant is also hiring for a restaurant division in New York.
By Daphne Howland • Sept. 8, 2015 -
Deep Dive
Star Wars: The Force awakens retail
The new Star Wars movie's much anticipated release could be a merchandising bonanza spanning from last week's "Force Awakens Friday" until the holidays.
By Daphne Howland • Sept. 4, 2015 -
E-book sales fall after prices rise
In the absence of the tight-fisted control Amazon once had, the market will need time and experimentation to find the sweet spot in pricing.
By Daphne Howland • Sept. 4, 2015 -
Delia's betting on nostalgia for its comeback
Early fans of Delia's famous catalog who are all grown up will soon be able to buy jeans and other clothing in adult sizes.
By Daphne Howland • Sept. 4, 2015 -
Is CVS' tobacco-sales ban helping the US quit smoking?
Results of a study looking at tobacco sales commissioned by the drugstore retailer are debatable, but some advocates say they’re significant.
By Daphne Howland • Sept. 3, 2015 -
After union complaint, Wal-Mart reopening 5 stores it abruptly closed
The retailer says that stores in several states were shuttered and workers laid off due to plumbing issues and store upgrades.
By Daphne Howland • Sept. 3, 2015 -
Net-a-Porter founder quits ahead of Yoox merger
Natalie Massenet resigned as executive chairman of the company and will not become chairman of the merged company as previously planned.
By Daphne Howland • Sept. 3, 2015 -
New rule could bring gap between retail CEO, worker pay into sharp relief
Some praise the looming pay rule, saying it’s useful to see which companies are responsible for the country’s wage gap, while critics condemn it as a shaming tactic.
By Daphne Howland • Sept. 3, 2015 -
Asos founder steps down as CEO after 15 years
These days the British e-retailer must concentrate on growth and strategy more than vision and drive, so having its COO take over makes sense.
By Daphne Howland • Sept. 2, 2015 -
Kmart to pay $1.4M in Medicare inducement case
The infractions occurred from June 2011 to June 2014 came to light thanks to a whistleblower, who will share the proceeds of the fine with the government.
By Daphne Howland • Sept. 2, 2015 -
Dollar Tree shows strength after Family Dollar merger
The retailer is asking for time post-merger to figure out major issues like merchandising and store location, but is proving to be a capable rival to Wal-Mart Stores.
By Daphne Howland • Sept. 2, 2015 -
Lululemon unveils its new approach to yoga pants
Could this move introduce a new era in “athleisure” street wear?
By Daphne Howland • Sept. 2, 2015 -
Apple exec move shows that luxury is getting serious about e-commerce
A recent report predicted that web sales could make up to 18% of luxury sales by 2025.
By Daphne Howland • Sept. 2, 2015 -
PayPal consumer business exec Hill Ferguson resigns
The company's consumer and merchant operations will be consolidating under Bill Ready.
By Ian P. Murphy • Sept. 1, 2015 -
After wage hikes, Wal-Mart cutting hours in certain stores
The retailer’s recent pay boost is ballooning costs, but is curtailing staff schedules the answer when shelves are empty and stores are dirty?
By Daphne Howland • Sept. 1, 2015