Financial News: Page 348
-
Abercrombie continues turnaround with new creative director hire
With several new hires in design and merchandising, the retailer is making good on its promise to save its brand.
By Daphne Howland • June 19, 2015 -
J. Crew exec vilified for Instagrams of post-layoff celebration
J. Crew says it doesn’t condone the behavior, but people on social media are already calling for the dismissal of men’s merchandising veep Alejandro Rhett.
By Daphne Howland • June 19, 2015 -
RadioShack hit with lawsuit from Texas AG over unredeemed gift cards
RadioShack stopped honoring gift cards in March and now says it has no way of knowing who owns what cards. But attorney general Ken Paxton is skeptical.
By Daphne Howland • June 19, 2015 -
Consignment retailer 2nd Time Around rebrands, expands
Consignment shops have now gone mainstream, thanks in part to their appeal to younger shoppers who like a deal and the idea of reuse.
By Daphne Howland • June 19, 2015 -
West Elm taps Anthropologie design exec
In Johanna Uurasjarvi, West Elm has found a like-minded designer who embraces the clean aesthetic of traditional Scandinavian design with an added artistic flair.
By Daphne Howland • June 18, 2015 -
California Labor Commission: Uber driver not a contractor
This ruling, though just one case that is under appeal, is widely seen as a serious threat to Uber’s basic business strategy as well as others that depend on the so-called demand economy.
By Daphne Howland • June 18, 2015 -
Abercrombie & Fitch hires Club Monaco menswear designer
Aaron Levine is a great pick for Abercrombie, which has been struggling with its merchandise ever since it fell from grace in the eyes of its customers.
By Daphne Howland • June 18, 2015 -
Report: Wal-Mart sheltering $76B overseas
The investigation was conducted by the United Food & Commercial Workers International Union, which advocates against Wal-Mart on the behalf of Wal-Mart employees.
By Daphne Howland • June 18, 2015 -
Etsy testing crowdfunding feature for sellers
Crowdfunding has boomed in recent years, although it has also drawn regulatory scrutiny due to some abuses.
By Daphne Howland • June 17, 2015 -
Dollar General continues shakeup with 5 leadership changes
After switching up its CEO last month, Dollar General has now promoted five people in its merchandising and supply chain leadership.
By Daphne Howland • June 17, 2015 -
Apple terminates Monster accessories licensing deal
The audio tech company will no longer be able to manufacture licensed accessories for Apple products.
By Daphne Howland • June 17, 2015 -
Senators scrutinize PayPal's 'intrusive' new robocall policy
PayPal says customers can opt out of the provision, but regulators and members of Congress say they shouldn’t be forced to opt in to begin with.
By Daphne Howland • June 17, 2015 -
Leadership shakeup at Lumber Liquidators continues
Newly promoted Marco Q. Pescara will lead the marketing and merchandising teams as the chain faces a federal investigation.
By Ian P. Murphy • June 16, 2015 -
Gap closing 175 stores, laying off employees in turnaround
Gap Inc. will shed 250 corporate jobs, mostly at its headquarters in San Francisco.
By Daphne Howland • June 16, 2015 -
American Apparel director David Danziger resigns
Danziger has served on the board since 2011 and has been under fire for a few quarters. CEO Paula Schneider will take his post.
By Daphne Howland • June 16, 2015 -
Fanatics taps new CFO
Equity analyst Lauren Cooks Levitan joins the licensed-sports gear retailer, which has expanded swiftly into physical retail.
By Daphne Howland • June 16, 2015 -
UPS acquires insurer of precious items
Parcel Pro specializes in jewelry, watches, collectibles.
By Ian P. Murphy • June 16, 2015 -
Ollie's Bargain Outlet eyes IPO
The retailer, founded in 1982, has expanded greatly in recent years and has long-term plans for nearly a thousand stores.
By Daphne Howland • June 16, 2015 -
CVS buying Target's pharmacies, clinics for $1.9B
The deal will give CVS Health around 1,700 more locations and a presence in new markets like Seattle and Portland.
By Kelsey Lindsey • June 15, 2015 -
Fast Retailing to integrate channels in the cloud
Accenture will help the Uniqlo parent create a seamless customer experience.
By Ian P. Murphy • June 15, 2015 -
Hudson's Bay buys Germany's largest department store chain for $3.2B
The company aims to leverage Kaufhof’s e-commerce strength in Europe and to bring its American Saks stores to the continent.
By Daphne Howland • June 15, 2015 -
Kmart shakes up marketing staff
The new CMO will lead rebranding and omnichannel strategy.
By Ian P. Murphy • June 15, 2015 -
Net-a-Porter posts first profit on record sales
A formidable luxury e-commerce company is due to emerge once the company is acquired by Italian luxury retailer Yoox sometime later this year.
By Daphne Howland • June 15, 2015 -
Kohl's finally taps merchandising chief
Chief customer officer Michelle Gass will step up to a new principal officer position of chief merchandising and customer officer.
By Daphne Howland • June 15, 2015 -
Restoration Hardware profit way up
The upscale home goods retailer is also opening two new stores for its RH Modern brand that will be introduced this year.
By Daphne Howland • June 12, 2015