Financial News: Page 352
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CVS to acquire drug fulfillment company Omnicare for $10.4B
The merger could draw scrutiny if regulators think that it could drive up the cost of medications for patients.
By Daphne Howland • May 22, 2015 -
Shoes.com raises $45M; CEO brushes off IPO rumors
The retailer, a rare e-commerce sensation in Canada, could be gearing up to go public.
By Daphne Howland • May 22, 2015 -
Judge approves sale of RadioShack name, customer data
The retailer has also dealt with concerns over the sale of customer data with attorneys general from several states.
By Daphne Howland • May 21, 2015 -
Lumber Liquidators CEO unexpectedly resigns amid federal investigation
Founder Thomas Sullivan will serve as CEO until a replacement is found.
By Davide Savenije • May 21, 2015 -
Dollar Tree misses in first quarter on port problems
The discount retailer also said that its merger with rival Family Dollar will now likely close in July.
By Daphne Howland • May 21, 2015 -
Amazon CEO Bezos taps first woman for 'shadow' role
Jeff Bezos has employed “shadows,” a highly coveted advisory role, since the late '90s.
By Daphne Howland • May 21, 2015 -
Kohl's testing off-price outlet
You know the off-price space is getting crowded when downscale department stores get in the game.
By Daphne Howland • May 21, 2015 -
American Eagle beats Q1 expectations
American Eagle appears to be moving ahead while the other two “A’s” in teen retail — Abercrombie & Fitch and Aeropostale — continue to struggle.
By Daphne Howland • May 21, 2015 -
Staples' Q1 slide could bode well for merger proposal
The retailer still awaits word from the Federal Trade Commission on its bid to acquire rival Office Depot.
By Daphne Howland • May 20, 2015 -
Target revamp pays off in first quarter
The retailer wowed with a nearly 52% increase in Q1 profit thanks to its focus on product assortment and cost-cutting efforts.
By Daphne Howland • May 20, 2015 -
WordPress buys e-commerce software company WooCommerce
The software provider powers e-commerce on some 600,000 sites.
By Ian P. Murphy • May 20, 2015 -
Etsy shares take a dive on quarterly losses, expenses
Investors are abandoning Etsy as it reports a tough Q1 and faces reports that some goods on the site are mass-produced knock-offs.
By Daphne Howland • May 20, 2015 -
TJX Q1 sales, profit up
TJX companies are thriving in a space that is seeing mixed results for other retailers.
By Daphne Howland • May 20, 2015 -
Deep Dive
Inside Holacracy, Zappos' radical new management structure
Some praise Holacracy for its ability to smash hierarchies and prioritize teams, but 14% of Zappos employees quit due to the new management structure.
By Daphne Howland • May 19, 2015 -
House requests information on USPS' competitive activities
The investigation will look at opportunities for "cross-subsidization" in package delivery.
By Ian P. Murphy • May 19, 2015 -
Costco launches gamified referral campaign
The program rewards current members with Procter & Gamble goods.
By Ian P. Murphy • May 19, 2015 -
Gas savings no help for Wal-Mart as Q1 misses
But comparable sales at its smaller Neighborhood Market stores rose 7.9% in the quarter.
By Daphne Howland • May 19, 2015 -
Urban Outfitters misses expectations as Anthropologie brand disappoints
Urban Outfitters' smallest brand, Free People, outperformed its Anthropologie and namesake brands, which dragged the company to a miss in Q1.
By Daphne Howland • May 19, 2015 -
Home Depot earnings edge past expectations
Thanks to a busy spring and the improving economy, pent-up demand for home projects boosted sales at the retailer.
By Daphne Howland • May 19, 2015 -
Deep Dive
Why the flash sale boom may be over—and what's next
After a huge growth spurt and subsequent plateau, it might be time for these retailers to adapt to survive.
By Kelsey Lindsey • May 18, 2015 -
Target cutting back on processed foods promotions: WSJ
The retailer is emphasizing other grocery categories like fresh and healthy foods.
By Carolyn Heneghan • May 18, 2015 -
Ascena to buy Ann Inc. for $2.16B
Ann Inc.’s stock rose more than 19% upon the announcement Monday.
By Daphne Howland • May 18, 2015 -
FAO Schwarz to close iconic Fifth Avenue store
The retailer can’t handle the rents at its Midtown Manhattan location, which are among in highest in the world.
By Daphne Howland • May 18, 2015 -
Ikea to test small format urban stores
The stores will be 20,000 square feet or so and will have a mix of items more conducive to immediate shopping.
By Daphne Howland • May 18, 2015 -
Hhgregg reports disappointing loss, considers store closures
The electronics and appliance retailer saw sales fall in most categories.
By Daphne Howland • May 18, 2015