Financial News: Page 353
-
Nordstrom sales up thanks to online, in-store growth
The department store’s revenue beat expectations, but missed on profits, mainly because of its investments in several areas.
By Daphne Howland • May 15, 2015 -
Alibaba CEO: 'We must absolutely globalize'
Still, selling to U.S. consumers hasn’t been Alibaba’s strength so far.
By Daphne Howland • May 15, 2015 -
Macy's tests luxury shopping with 'platinum' stores
It looks like the company is trying to push past its traditional mid-range, first with its off-price stores and now a move to the luxury side.
By Daphne Howland • May 15, 2015 -
Hoax Avon bid sends shares up
The share price amazingly remained up even after the takeover filing was found to be bogus.
By Daphne Howland • May 15, 2015 -
Deep Dive
What does the Trans-Pacific Partnership mean for retail?
If indeed it’s ultimately approved, the TPP will be an agreement among the U.S. and 11 other countries to promote trade.
By Daphne Howland • May 14, 2015 -
Tit for tat continues as Charney hits American Apparel with another lawsuit
This time the founder and ex-CEO is alleging defamation against the retailer itself, a day after more leaked reports of a “dossier” on his personal conduct.
By Daphne Howland • May 14, 2015 -
J.C. Penney rebounds in Q1 and raises expectations
While good news for J.C. Penney, rebounded sales might mean that rival Macy's is ceding ground to the once seemingly doomed retailer.
By Daphne Howland • May 14, 2015 -
Longtime Lululemon exec stepping down
Delaney Schweitzer has talked about the loss of founder Chip Wilson’s vision as he stepped away from his leadership positions at Lululemon.
By Daphne Howland • May 14, 2015 -
UPDATE: Activist investors agitating Children's Place over pricing, CEO
Macellum Advisors and Barington Capital released an open letter to shareholders urging the election of its nominations to the board and arguing for change.
By Daphne Howland • May 13, 2015 -
Macy's Q1 hit by port disputes, strong dollar
But CEO Terry J. Lundgren says that things are looking up, thanks in part to its partnership with loyalty program Plenti.
By Daphne Howland • May 13, 2015 -
GameStop offers gamified 'Monster Hunt' promo
Players can win gift cards by using Google Maps to hunt monsters.
By Ian P. Murphy • May 13, 2015 -
April retail sales reports something of a relief
But consumers appear to remain cautious, with some boosts in retail sales attributed to Easter promotions.
By Daphne Howland • May 13, 2015 -
Chico's switches agencies for media and digital business
The retailer has chosen Zimmerman to handle its $36 million media and digital account.
By Ian P. Murphy • May 13, 2015 -
Nike: Pacific trade pact would bring 10,000 jobs back to US
Sports-retail giant Nike threw its weight behind the U.S.-Pacific trade deal, which faces a U.S. Senate vote today.
By Daphne Howland • May 12, 2015 -
American Apparel reports wider losses
As the company struggles in the face of lawsuits, investigations, and disputes, it’s not clear how dedicated it is to its American-made identity — an important aspect of its brand.
By Daphne Howland • May 12, 2015 -
Wal-Mart, Lowe's picking up Target Canada stores
While these acquisitions are not huge, they are likely a less expensive way for the retailers to expand.
By Daphne Howland • May 12, 2015 -
Etsy has a counterfeit problem: report
Wedbush found that in some cases the site packs more fakes than eBay or Alibaba’s AliExpress.
By Daphne Howland • May 12, 2015 -
Deep Dive
Young and in retail
Some of the most promising retailers these days have leadership from well outside the old guard. Coincidence? We don’t think so.
By Daphne Howland • May 11, 2015 -
Top Abercrombie execs go head-to-head during CEO search
Three top executives at the retailer are leading Abercrombie as it searches for a CEO, possibly from their ranks. But who has the vision the company badly needs?
By Daphne Howland • May 11, 2015 -
Zappos sees workforce exodus ahead of 'holacracy' transition
Around 14% of employees are taking CEO Tony Hsieh’s “love it or leave it” offer as the company transitions to its unique management system.
By Daphne Howland • May 11, 2015 -
Simply Fashion and Dots stores to close nationwide
The retail company filed for bankruptcy protection in April, and now plans to liquidate everything.
By Daphne Howland • May 11, 2015 -
Alibaba buys major stake in Zulily
The Chinese retail giant took advantage of Zulily's low stock price last week to gain 9.3% control of the company.
By Daphne Howland • May 11, 2015 -
Bonobos names new CEO ahead of brick-and-mortar expansion
Former Coach exec Francine Della Badia will take the CEO position June 1.
By Ian P. Murphy • May 11, 2015 -
CVS to review media account
The chain awarded creative to BBDO last year.
By Ian P. Murphy • May 11, 2015 -
Deep Dive
Retail Therapy: Scandalous gowns, high tech heels, and communist e-commerce
North Korea launches its first e-commerce operation while James Franco pens an ode to McDonald's.
By Kelsey Lindsey • May 8, 2015