Financial News: Page 355
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Warby Parker now worth $1.2B, to push further into brick-and-mortar
The eyewear retailer has raised another $100 million in investments.
By Daphne Howland • May 1, 2015 -
Bitcoin startup Circle wins $50 million in venture capital
Goldman Sachs, IDG fund virtual currency startup.
By Ian P. Murphy • April 30, 2015 -
J.C. Penney expanding Sephora presence with 25 new stores
This partnership with Sephora is one of the best moves J.C. Penney has made in recent years.
By Daphne Howland • April 30, 2015 -
Justice Dept. preparing charges against Lumber Liquidators
The company is facing other investigations and at least 100 lawsuits over allegations that some of its flooring from China contains toxic chemicals.
By Daphne Howland • April 30, 2015 -
Is Coach undermining its own luxury approach?
Coach seems to be suffering from its outlet-store strategy, with North American sales falling for the seventh quarter in a row.
By Daphne Howland • April 30, 2015 -
J.C. Penney names new marketing head
Mary Beth West will step down from the retailer's board to take the CMO role.
By Ian P. Murphy • April 29, 2015 -
Target CEO's pay package totals $28.2M in 2014
The package for Brian Cornell, who has helped turn things around for Target already, includes a big $14 million “make good” bundle from his PepsiCo exit.
By Daphne Howland • April 29, 2015 -
RadioShack may be closer to selling customer data
Meanwhile, the retailer has agreed to mediation over the matter with several states attorneys general.
By Daphne Howland • April 29, 2015 -
Amazon launches Amazon Business marketplace
The new offering might help the e-commerce giant get a firmer grasp on a huge, $8.2 trillion market.
By Daphne Howland , Kelsey Lindsey • April 28, 2015 -
NoMoreRack rebrands as Choxi after Nordstrom lawsuit
Although the company never lost in court, Nordstrom had sued the retailer for trademark infringement three years ago.
By Daphne Howland • April 28, 2015 -
iPhone sales still sending Apple earnings sky high
The larger screened iPhone 6 is doing especially well as the company sells more iPhones at higher price points and steals more market share from rivals.
By Daphne Howland • April 28, 2015 -
Retail tracking firm settles first-time FTC complaint over consumer privacy
The complaint said that consumers were unaware of being tracked in-store and that the retail tracking company’s opt-out provision was misrepresented.
By Daphne Howland • April 28, 2015 -
Wal-Mart and Texas face off over state liquor laws
The retailer is suing the Texas Alcoholic Beverage Commission, claiming the legal limits on hard liquor sales are unconstitutional.
By Carolyn Heneghan • April 27, 2015 -
Sears Canada picks up Target brands despite troubles
But the move may not be enough for a retailer that is struggling under falling sales and increasing debt.
By Daphne Howland • April 27, 2015 -
Bigcommerce to buy Zing to help compete with Shopify
But Bigcommerce still trails rival Shopify in its number of merchant partners.
By Ian P. Murphy • April 27, 2015 -
Books-A-Million introducing self-publishing services
The move takes on Amazon’s CreateSpace service, which has dominated the area.
By Daphne Howland • April 27, 2015 -
Shareholders sue American Apparel over CEO Charney's removal
Two shareholders allege the retailer failed to disclose last June that founder-CEO Dov Charney was under investigation for misconduct, which they say amounts to proxy fraud.
By Daphne Howland • April 24, 2015 -
Wal-Mart executive pay plunges as retailer misses sales target
The retailer is now tying sales performance and not just operating income when factoring cash bonuses for its top executives.
By Daphne Howland • April 24, 2015 -
Amazon earnings beat expectations as web services overshadow retail business
Could the e-retailer’s cloud business be the future of the company?
By Daphne Howland • April 24, 2015 -
UPDATE: Banks object to Target and MasterCard settlement over breach
A group of small banks and credit unions say that the settlement is a "sweetheart deal" meant to undermine their own claims.
By Daphne Howland • April 23, 2015 -
Former American Apparel worker lodges fraud accusations against ex-CFO
David Nisenbaum has filed a lawsuit alleging that past CFO and interim-CEO John Luttrell cost the company millions, committed fraud, and fired Nisenbaum when he tried to bring it all to light.
By Daphne Howland • April 23, 2015 -
Jet sets towering expectations ahead of launch
If Jet proves as successful as it expects to be, it may be the first retailer to truly shake up Amazon.
By Daphne Howland • April 23, 2015 -
PayPal outshines eBay's marketplace in revenue for first time
The company says it will spin off payments unit PayPal sometime in Q3.
By Daphne Howland • April 23, 2015 -
Sears Hometown and Outlet CEO departing
The hardware and appliance retail company was spun off from struggling Sears Holding Corp. three years ago.
By Daphne Howland • April 22, 2015 -
Gap vet joins JackThreads to help launch new brand
Tony Kretten joins former Gap colleague Mark Walker as the creative director of mens apparel e-retail site JackThreads.
By Daphne Howland • April 22, 2015