Financial News: Page 351
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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 -
Nordstrom plans to revive 'Half-Yearly Sales'—kind of
The retailer recently ended its tradition of two semi-annual sales, replacing them with six sales throughout the year.
By Daphne Howland • May 29, 2015 -
Amazon plans major expansion of its private-label brands
Private label products have not only lost their stigma of low quality, but also appeal to millennials.
By Daphne Howland • May 29, 2015 -
Costco same-store sales fall for first time since 2009
The retailer suffered an unusual sales drop due to a strong dollar and low gas prices, but its fundamentals remain strong.
By Daphne Howland • May 29, 2015 -
Abercrombie & Fitch reports 14% sales drop, but stock rises anyway
Shares were up because sales didn’t drop quite as much as expected.
By Daphne Howland • May 29, 2015 -
Karmaloop gets new owner, but it's not Kanye West
Comvest Partners and CapX Partners offered the only bid in bankruptcy court and a new CEO holds new promise for the faltering streetwear retailer.
By Daphne Howland • May 29, 2015 -
Dollar General names new CEO
The nation's largest discount retailer faces a new challenge as the merger between Dollar Tree and Family Dollar nears completion.
By Davide Savenije • May 28, 2015 -
Gildan takes aim at retail underwear market with new ads
Apparel wholesaler targets women, millennials in new push.
By Ian P. Murphy • May 28, 2015 -
DSW hits stride in Q1, beating expectations
The retailer said athletic footwear helped its same-store sales turn positive in the first quarter.
By Daphne Howland • May 28, 2015 -
Is Michael Kors falling victim to over-expansion?
The upscale brand is seeing inventory pile up as sales fall.
By Daphne Howland • May 28, 2015 -
Flagship woes drag on Chico's earnings
The retailer’s profit took a hit in Q1, mostly due to the costs of its restructuring efforts.
By Daphne Howland • May 28, 2015 -
Tiffany's Q1 shines despite strong dollar
The jeweler said that its “Tiffany T” fashion line, design director Francesca Amfitheatrof’s first collection, is doing well.
By Daphne Howland • May 28, 2015 -
Banks shoot down Target's $19M data breach settlement
$19 million covers only a fraction of the costs, banks say.
By Ian P. Murphy • May 27, 2015 -
Hot Topic to buy ThinkGeek parent for $122M
The acquisition by Hot Topic may be a really good fit for both companies.
By Daphne Howland • May 27, 2015 -
Nordstrom sells signature credit card business
Nordstrom says little will change for customers with its bank cards.
By Daphne Howland • May 27, 2015 -
With contract set to expire, will Amazon and Penguin Random House reach a deal?
Amazon may be a bit more gun-shy than in years past considering the flak it got for its previous hardball tactics with French publishing giant Hachette.
By Daphne Howland • May 27, 2015 -
Luxury retailer Coach lays off Canadian part-time employees
The chain plans to concentrate on full-time employees to build customer relationships.
By Ian P. Murphy • May 26, 2015 -
PacSun shirt with upside-down American flag draws controversy
PacSun stated that it was pulling the shirt, but also seemed to ask consumers to consider its youthful, creative context.
By Daphne Howland • May 26, 2015 -
Facing pressure, Amazon changes European tax policy
The move is seen as a response to a report detailing how Amazon legally avoids taxes by funneling European sales through certain countries.
By Daphne Howland • May 26, 2015 -
Amazon plans 'Handmade' marketplace to compete with Etsy
Amazon's move is just the latest headache for Etsy.
By Daphne Howland • May 26, 2015 -
Deep Dive
Retail Therapy: Is Kanye West retail's savior?
The answer to that and other life-altering questions inside (GIFs included).
By Kelsey Lindsey • May 22, 2015 -
Best Buy Q1 earnings beat expectations on strong phone and TV sales
The success of the quarter may owe something to Apple’s iPhone 6 launch.
By Daphne Howland • May 22, 2015 -
After Lilly Pulitzer debacle, Target cracks down on resellers
Its much-anticipated Lilly Pulitzer line was scooped up swiftly and in huge volume by eBay sellers who bought and listed the merchandise online at big markups, upsetting customers and denying Target a way to connect with them.
By Daphne Howland • May 22, 2015