Financial News: Page 340
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Department stores find new ways to lure back beauty customers
It would be unwise for department stores to cede this territory to their drugstore and specialty retail competition.
By Daphne Howland • Sept. 1, 2015 -
Forever 21 looks to downsize
Signs of life from other teen retailers aren't helping the retailer, which seems to have overextended itself in recent years.
By Daphne Howland • Sept. 1, 2015 -
Higher wages lead to spending bump in July
July’s consumer spending growth is a good indication that the U.S. economy was largely sheltered from the economic woes seen globally.
By Daphne Howland • Aug. 31, 2015 -
Myanmar sets daily wage minimum to boost apparel manufacturing
The $2.80 per day minimum was finally set after two years of intense negotiations among labor groups, factory owners, and the government.
By Daphne Howland • Aug. 31, 2015 -
Wal-Mart launches holiday layaway two weeks early
The early launch is tied to the release of new Star Wars toys and collectibles, which are expected to take center stage during this year's holiday season.
By Ian P. Murphy • Aug. 28, 2015 -
Bonobos co-founder Andy Dunn to return as CEO
The menswear company's current CEO, ex-Coach exec Francine Della Badia, will be stepping down after less than three months at the job.
By Daphne Howland • Aug. 28, 2015 -
Labor Board expands employer responsibility for temp, franchise workers
In many ways, the ruling is an adjustment to today’s employment reality, but it is likely to be challenged in court by businesses.
By Daphne Howland • Aug. 28, 2015 -
J. Crew still suffering from falling sales in Q2
But its lower-priced Madewell brand, with price points and styles that are pleasing shoppers, helped mitigate the results.
By Daphne Howland • Aug. 28, 2015 -
WSJ: Amazon scaling back Fire phone, other devices' development
It’s unlikely that Amazon will abandon its hardware-development unit entirely, as the “Internet of Things” and devices for the “connected home” are starting to appeal to the mainstream consumer.
By Daphne Howland • Aug. 28, 2015 -
Target ramps up Star Wars fever with new nostalgic site
ShareTheForce.com will collect Star Wars memories from fans ahead of the highly-anticipated movie's holiday release.
By Ian P. Murphy • Aug. 27, 2015 -
Wal-Mart to stop selling semi-automatic rifles due to poor sales
A Wal-Mart spokesperson made clear that "the decision was completely based on what customers are buying and what they want."
By Daphne Howland • Aug. 27, 2015 -
Gap the latest to phase out controversial on-call scheduling
The super-efficient method of scheduling can make life difficult for workers, and the practice has garnered scrutiny from lawmakers and law enforcement agencies.
By Daphne Howland • Aug. 27, 2015 -
Abercrombie & Fitch joins other teen retailers with turnaround results
The retailer says its success may come from “happier store employees” who now have more opportunity to bring in inventory based on what their customers are buying.
By Daphne Howland • Aug. 27, 2015 -
Deep Dive
The rise of copyright infringement lawsuits—and what retailers can do about it
A new report from Lex Machina found that retailers are now one of the top groups of defendants in copyright infringement cases surrounding textile patterns.
By Ian P. Murphy • Aug. 26, 2015 -
Plus-size retailer Avenue Stores reportedly for sale
Plus-size retail is ripe and ready to grow. The area suffers from marketing and merchandising neglect, yet has many customers clamoring to buy.
By Daphne Howland • Aug. 26, 2015 -
Could Macy's let go of its Herald Square flagship?
There are songs and movies about Macy’s in Herald Square, and its iconic Thanksgiving Day parade ends at the location. But it’s hard to know how much it’s worth.
By Daphne Howland • Aug. 26, 2015 -
Best Buy betting on Apple Watch for the holidays
Research is showing that sales and interest for the Watch are ebbing, but Best Buy is clearing space in all stores in anticipation of holiday demand.
By Daphne Howland • Aug. 26, 2015 -
Best Buy stock soars thanks to surprise sales increase
The electronics retailer posted a rebound last quarter, after CEO Hubert Joly delivered some of his turnaround promises.
By Daphne Howland • Aug. 25, 2015 -
Top Amazon exec exits again, this time for Google
Jon McCormack spent a few weeks at Yahoo earlier this year, where his ideas to turn the company’s software unit around reportedly weren’t well received. But his return to Amazon didn't last long.
By Daphne Howland • Aug. 25, 2015 -
Target to pay $2.8M in hiring discrimination settlement
The settlement is a reminder to retailers to keep an eye on third-party vendors.
By Daphne Howland • Aug. 25, 2015 -
Belk to be sold to Sycamore for $3B
The private equity firm says the Southern department store isn’t going to change much, but department stores in general might need some sort of revamp.
By Daphne Howland • Aug. 25, 2015 -
Retail stocks rebound after market plunges
In what the NRF's chief economist called an "overreaction to fears of global slowdown," the market saw some dramatic volatility yesterday before seeming to recover this morning.
By Kelsey Lindsey • Aug. 24, 2015 -
Developer unveils $800M renovation plan for Los Angeles mall
Australian shopping mall titan Westfield Corp. hopes more restaurants and open-air spaces will help the luxury shopping center compete with online retailers.
By Sharon O'Malley • Aug. 24, 2015 -
Gap's turnaround to focus on product before marketing
Gap Inc. spent $131 million on marketing in the second quarter, $11 million less than it did in the comparable quarter of 2014.
By Ian P. Murphy • Aug. 24, 2015 -
Madewell recalling more than 50,000 sandals
A product recall shouldn't be a major problem for most brands, but this is just bad timing for Madewell, which has emerged as a ray of hope for struggling J. Crew.
By Daphne Howland • Aug. 24, 2015