Financial News: Page 350
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Wal-Mart pushes to crack down on theft
Its recent wage increases may mean that the retailer needs to trim fat elsewhere.
By Daphne Howland • June 5, 2015 -
J. Crew CEO admits mistakes amid falling sales
In light of a disappointing first quarter, the apparel retailer says it will return to its roots.
By Daphne Howland • June 5, 2015 -
Revolving door of Groupon executive suite continues
The company announced that Rich Williams will become COO, and CFO Jason Child is leaving to join fitness tech company Jawbone.
By Daphne Howland • June 5, 2015 -
Macy's partners with Dormify to reach college-bound customers
The move brings Dormify its first brick-and-mortar venture and, for Macy’s, an appeal to younger millennials.
By Daphne Howland • June 5, 2015 -
Apple Watch to arrive in retail stores June 26
Millions of preordered smartwatches will also ship this month.
By Ian P. Murphy • June 5, 2015 -
Lands' End Q1 continues sales slump
The retailer had an auspicious rebirth when it first separated from parent Sears, but sales have been sliding ever since.
By Daphne Howland • June 4, 2015 -
Will Macy's be next department store to consider REIT?
Hedge funds that have recently boosted their stakes in the company are now pushing for a real estate investment trust, but the retailer appears to resist the idea.
By Daphne Howland • June 4, 2015 -
Wal-Mart eases up on dress code, repetitive music
It may not be the pay bump many workers want, but a few changes announced this week could make their jobs a little easier.
By Daphne Howland • June 4, 2015 -
Reports: Minorities face discrimination on both sides of the counter
The NAACP found a gap in pay and advancements for Latino and African-American workers, while former CVS employees filed a lawsuit claiming they were asked to profile shoppers based on race.
By Daphne Howland • June 4, 2015 -
OTA names most trustworthy online retailers
The announcement during IRCE revealed American Greetings leads in security, privacy and consumer protection.
By Ian P. Murphy • June 3, 2015 -
Lumber Liquidators compliance chief quietly quits
Ray Cotton is the latest executive to leave in recent days, on the heels of CEO Robert Lynch and CFO Daniel Terrell.
By Daphne Howland • June 3, 2015 -
Toys 'R' Us taps former Domino's exec for CEO
David Brandon was most recently the athletic director at the University of Michigan.
By Daphne Howland • June 3, 2015 -
Gap stores host Birchbox pop-ups
The partnership could benefit both companies by providing an influx of shoppers and the opportunity to test out new formats.
By Daphne Howland • June 3, 2015 -
GameStop bests Hot Topic for Geeknet $140M takeover
The winning retailer said Geeknet’s profitability and strengths will increase its operating income, bring a portfolio of hard-to-procure licenses, and expand its omnichannel capabilities.
By Daphne Howland • June 3, 2015 -
Dollar General's gross margin climbs for first time in 3 years
The retailer continued its ambitious expansion plans with 219 new stores in Q1 so that it now operates 11,999 in 43 states.
By Daphne Howland • June 3, 2015 -
Pinterest offers peek into future 'Buy' button
A company exec showed developers a mock-up of the possible addition.
By Ian P. Murphy • June 2, 2015 -
Wal-Mart to raise wages of 100K U.S. employees
But advocates say that even with the increase, in most cases, pay and scheduling mean the retailer's workers can’t earn a living wage.
By Daphne Howland • June 2, 2015 -
Supreme Court sides with job applicant over Abercrombie dress code
A young Muslim woman who wore a head scarf to her job interview didn’t have to explain herself in order to receive an accommodation from the retailer, the Court ruled.
By Daphne Howland • June 2, 2015 -
Hot Topic takeover of Geeknet potentially thwarted by unnamed suitor
The retailer had until Monday to meet or top the $20 per share offer from the new interested party.
By Daphne Howland • June 2, 2015 -
Sears shareholders' lawsuit claims REIT plan benefits CEO
There are obvious problems with the move to leverage the company's real estate holdings, but it could help buy much-needed time.
By Daphne Howland • June 2, 2015 -
Rana Plaza owner, 40 others face murder charges from Bangladesh factory collapse
The arrest comes two years after the deadly incident that took more than one thousand garment workers’ lives.
By Daphne Howland • June 2, 2015 -
Walgreens CIO steps down
Tim Theriault and his successor helped integrate IT following the merger with Alliance Boots.
By Ian P. Murphy • June 1, 2015 -
Ousted Men's Wearhouse founder launches 'Uber for tailors'
George Zimmer is considered a pioneer of making “cheap suits” look good, and he has moved on since being bounced from his own company.
By Daphne Howland • June 1, 2015 -
GameStop logs high score in Q1
Observers and investors have been expecting the video game retailer to fold like Blockbuster did in the face of digital competition, but so far it has successfully pivoted.
By Daphne Howland • June 1, 2015 -
Dollar Tree to sell 330 stores to private equity in merger-driven deal
The number matches what the company said would be necessary and fair from the beginning of its merger talks with Family Dollar.
By Daphne Howland • June 1, 2015