Financial News: Page 343
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Office Depot struggles in Q2
The business solutions unit fared better this quarter than the overall company, but still saw sales drop.
By Daphne Howland • Aug. 5, 2015 -
From now on Target is just Target, except when it's SuperTarget
The retailer is renaming its 14 urban CityTarget and TargetExpress stores simply “Target,” but is sticking with its grocery-intensive “SuperTarget”.
By Daphne Howland • Aug. 5, 2015 -
Neiman Marcus refiles for public offering two years after sale
The retailer hasn’t sold public shares for a decade.
By Daphne Howland • Aug. 5, 2015 -
Omnichannel strategies, discounts keeping customers in stores: Euclid
Euclid’s mid-year report hints that initiatives from brick-and-mortar stores are finally paying off—but there are worries here too.
By Daphne Howland • Aug. 5, 2015 -
United CFO to join newly public PayPal
PayPal has been in search of a CFO with experience at a large public company with several financial moving parts.
By Daphne Howland • Aug. 5, 2015 -
Uniqlo focuses on China with new Disney partnership
The fast-fashion retailer hopes to open 100 new stores in the country every year, potentially reaching 3,000 locations.
By Ian P. Murphy • Aug. 4, 2015 -
REIT does the trick: Sears turns a profit as sales continue to fall
Q2 sales at the struggling retailer sank again, sending shares to their lowest level in more than 10 years.
By Daphne Howland • Aug. 4, 2015 -
Former Goldman Sachs exec to lead Alibaba expansion abroad
Michael Evans, who’s sat on the Chinese retail giant’s board since its September IPO, has been tapped as president of Alibaba Group.
By Daphne Howland • Aug. 4, 2015 -
Snapdeal snags $500M in venture capital from Alibaba, others
Snapdeal will likely continue to develop its network of sites with the new funding.
By Ian P. Murphy • Aug. 3, 2015 -
Worst wage report on record still holds some good news for retailers
Analysts were startled by the poor numbers released Friday showing the smallest wage gains on record. But some workers are seeing gains, and that could be good for retail.
By Daphne Howland • Aug. 3, 2015 -
H&M's Cos brand quickens global expansion
Cos is hardly going to replace H&M—but it’s proof that there’s more than one way to succeed in apparel retail.
By Daphne Howland • Aug. 3, 2015 -
J.C. Penney's new CEO arrives amid turnaround
Although Marvin Ellison is known as an operations guy, his own experience with J.C. Penney and his humble roots in retail could inform his next moves.
By Daphne Howland • Aug. 3, 2015 -
Yahoo buys social shopping site Polyvore
Flush with cash after Alibaba’s IPO last year, Yahoo is looking to buy its way out of some of the doldrums it finds itself in.
By Daphne Howland • Aug. 3, 2015 -
Saks Fifth Avenue opening shoe-only store
The iconic department store’s expansive shoe department is famous in its own right, with its own zip code at the retailer’s flagship New York City store.
By Daphne Howland • July 31, 2015 -
Adidas lands Pac-12 deal after series of contract losses
It's a good deal for the German sportswear giant, as Nike and Under Armour outpace it in both sales and licensing deals.
By Daphne Howland • July 31, 2015 -
Lilly Pulitzer sues Old Navy over pattern copyright
Because clothing is considered utilitarian, cuts aren’t well protected by copyright laws, and “knock-offs” are common in discount fashion. But patterns are a different story.
By Daphne Howland • July 31, 2015 -
CVS taps IBM's Watson for medical care and prevention
Putting the super computer in stores is a major milestone in CVS’s pivot to become a formidable healthcare service center.
By Daphne Howland • July 31, 2015 -
Whole Foods sales sink after overcharging scandal
The retailer posted its lowest sales growth since the 2009 economic downturn. Could its new, smaller format store help boost sales?
By Carolyn Heneghan • July 30, 2015 -
Modcloth launches private label
The retailer also continues its experiment with pop-up “Fit Shops,” where women can try on clothes to order online.
By Daphne Howland • July 30, 2015 -
Amazon unveils drone safety plan
Amazon is calling for government cooperation in drone regulation, and has done some of the legwork to get things done.
By Daphne Howland • July 30, 2015 -
Target 'Cartwheel' head and chief of product departs
Alan Wizemann, the Target IT executive who has been integral to its apps and website, is leaving the company to pursue entrepreneurial projects.
By Daphne Howland • July 29, 2015 -
American Eagle sales up despite move from heavy discounts
The apparel retailer appears to be breaking the spell of constant discounts by offering better products and keeping less inventory around.
By Daphne Howland • July 29, 2015 -
Stripe, now worth $5B, partners with Visa
The digital payments startup is teaming with Visa to develop web “buy buttons” that could compete with PayPal.
By Daphne Howland • July 29, 2015 -
Alibaba investing $1B in web services to challenge Amazon
This could really hit Amazon, which has leaned on the performance of its own web services unit to fund innovation on its retail side.
By Daphne Howland • July 29, 2015 -
Can American Apparel continue to keep its commitment to 'Made in the USA'?
If the retailer abandons its longtime commitment to U.S.-made apparel, it becomes just another apparel retailer getting its goods from overseas sources.
By Daphne Howland • July 28, 2015