Financial News: Page 349
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Old Navy partners with job skills startup
Through LearnUP, job seekers learn basic skills that no one thinks to teach, but are expected on the job nevertheless.
By Daphne Howland • June 12, 2015 -
Amazon e-book contracts face EU scrutiny on anti-trust concerns
European regulators say Amazon’s requirement that publishers reveal terms they’re offering to other retailers could be a restrictive business practice.
By Daphne Howland • June 12, 2015 -
Nike's billion-dollar deal wins NBA licensing rights
The company’s logo will also appear on team uniforms, a first in NBA history.
By Daphne Howland • June 12, 2015 -
Lululemon founder Chip Wilson may want out
Wilson is thinking about selling his entire 14% stake after stepping down as chairman last year.
By Daphne Howland • June 12, 2015 -
Retail sales in May see an upswing: Commerce Dept.
In physical stores, RetailNext found a stronger intent to buy, with increased sales per shopper.
By Daphne Howland • June 11, 2015 -
Personal shopping app Voonik wins $5 million in funding
The Indian retail app has been downloaded more than 1 million times.
By Ian P. Murphy • June 11, 2015 -
J. Crew lays off 175 HQ staff, replaces head women's designer
Head of design Somsack Sikhounmuong from the retailer’s Madewell brand is replacing women’s design chief Tom Mora.
By Daphne Howland • June 11, 2015 -
For Dollar General, new exec same as the old exec
Jeff Owen will come out of retirement June 15 to take the job of EVP of store operations upon the sudden departure of Greg Sparks.
By Daphne Howland • June 11, 2015 -
Target sparks confusion over share buyback
The retailer inadvertently published an announcement of the share buyback on its website, then promptly deleted it.
By Kelsey Lindsey • June 10, 2015 -
Hudson's Bay: Real estate a major factor in acquisitions
But it's still not clear if the company will invest in German department store company Kaufhof or, if so, whether real estate or retail would be the reason.
By Daphne Howland • June 10, 2015 -
Bigcommerce names Brent Bellm CEO
The executive previously held postions with PayPal and HomeAway.
By Ian P. Murphy • June 10, 2015 -
Nasty Gal hit with lawsuit over layoffs of pregnant employees
The retailer says it all happened during its waves of layoffs, and that the legal action is "frivolous and without merit."
By Daphne Howland • June 10, 2015 -
Lands' End announces three major executive hires
New CEO Federica Marchionni is assembling her team.
By Daphne Howland • June 10, 2015 -
Gap boosts design, merchandising teams
The brand has tapped Steve Sare as global merchandising chief and Alessandra Brunialti as VP of women’s design.
By Daphne Howland • June 10, 2015 -
Walgreens launches campaign asking for summer beauty tips
The drugstore chain hopes to drive engagement with the Challenged social app.
By Ian P. Murphy • June 10, 2015 -
Sam's Club unveils new member benefits
Sam's Plus members can now get a limited number of free prescription drugs in the 35 states that permit such a service.
By Ian P. Murphy • June 9, 2015 -
Lululemon handily bests expectations
After a series of self-inflicted wounds and amidst intensifying competition, the yoga-gear retailer appears to be getting its groove back.
By Daphne Howland • June 9, 2015 -
American Apparel and shareholder Kolb reach deal
Meanwhile, founder Dov Charney is also holding his fire.
By Daphne Howland • June 9, 2015 -
Struggling Sears trims losses as sales continue to slide
The retailer also said its REIT will be declared effective this week by the SEC.
By Daphne Howland • June 8, 2015 -
Anna's Linens preparing for bankruptcy, searches for buyer
The retailer neglected its e-commerce for too long, sources say, and is especially vulnerable in the difficult home goods category.
By Daphne Howland • June 8, 2015 -
Former Kraft Foods CFO joining Dick's Sporting Goods
The move takes some pressure off Andre J. Hawaux, who is currently serving as EVP, COO, and CFO at the company.
By Daphne Howland • June 8, 2015 -
Build-A-Bear profitable again as turnaround takes hold
In the past two years, new CEO Sharon Price John has capitalized on the company’s strengths and took note of — and action against — its weaknesses.
By Daphne Howland • June 8, 2015 -
Crate & Barrel closing NYC flagship store
Another retailer is losing a New York City store due to skyrocketing rents in the city.
By Daphne Howland • June 8, 2015 -
Wal-Mart chairman steps down
Rob Walton has served in the post since 1992. He will be replaced by Vice Chairman Greg Penner, the company's board announced.
By Randy Lilleston • June 5, 2015 -
Economy adds 280K jobs; unemployment inches up
Retail jobs bested the monthly average, but economists say wage stagnation remains a problem across all industries.
By Daphne Howland • June 5, 2015