Financial News: Page 359
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American Apparel laying off 180 employees
The struggling retailer will start layoffs as part of its restructuring plan.
By Kelsey Lindsey • April 1, 2015 -
Hundreds of RadioShack stores survive bankruptcy
A bankruptcy judge deemed hedge fund Standard General’s offer “economically superior” and the best chance to keep afloat a “century-old American retailing icon.”
By Daphne Howland • April 1, 2015 -
PetSmart beefs up leadership team
PetSmart was bought in December by a London-based private equity firm and in March announced it was going private. Now comes the fun part.
By Daphne Howland • April 1, 2015 -
Groupon launches marketplace for its Goods business
The company is steadily inching away from its deals-by-email approach.
By Daphne Howland • April 1, 2015 -
Wal-Mart urges Arkansas governor to veto 'religious freedom' bill
The state’s governor says he’s likely to sign the bill, but the world’s largest retailer warns that it would be bad for business.
By Daphne Howland • April 1, 2015 -
Zappos to employees on 'no bosses' policy: 'Take it or leave it'
The company is sweetening the path to exit in order to speed up adoption of its “holacracy” approach, which eliminates not just job titles but also traditional business hierarchies.
By Daphne Howland • April 1, 2015 -
IBM teams with The Weather Company to produce analytics for retailers
Weather can affect $500 billion in business every year.
By Ian P. Murphy • March 31, 2015 -
Yoox completes Net-a-Porter merger in all-share deal
The new company, Yoox Net-a-Porter Group, will combine Net-a-Porter's editorial skills with Yoox's online retailing expertise.
By Kelsey Lindsey • March 31, 2015 -
Former Ann Taylor president named Justice CEO
Brian Lynch has 35 years of retail and fashion experience and comes aboard as the brand is ready for some attention.
By Daphne Howland • March 31, 2015 -
Occupancy rate at malls reaches 6-year high
The demise of the American mall may have been exaggerated, though some are in need of major change.
By Daphne Howland • March 31, 2015 -
Macy's unveils sweeping omnichannel initiatives
The chain will combine its digital and in-store merchandising marketing teams and invest deeply in online.
By Ian P. Murphy • March 31, 2015 -
Wal-Mart pulls back free shipping in Canada
The company joins several other U.S. retailers in scaling back operations up north.
By Daphne Howland • March 31, 2015 -
Amazon hires pilot union exec for drone program
And the e-retail giant also moves along its patents for a clerk-free brick-and-mortar store.
By Daphne Howland • March 31, 2015 -
Amazon launches professional services marketplace
With Amazon Home Services, the e-commerce giant goes beyond selling physical and digital products.
By Kelsey Lindsey • March 30, 2015 -
With new owner, SkyMall catalog may return to airlines
C&A Marketing won SkyMall’s trademark and e-commerce business, but its new owner says plans go beyond returning the catalog to the seat pocket in front of you.
By Daphne Howland • March 30, 2015 -
Williams-Sonoma releases mobile recipe app
The branded app brings favorite recipes and tools to mobile users.
By Ian P. Murphy • March 30, 2015 -
MakerBots 3D printers debut at Sam's Club
The low-cost 3D printers make a move for the mainstream.
By Ian P. Murphy • March 30, 2015 -
Apple CEO Tim Cook blasts new Indiana religious law
Retailers are front and center as Indiana's "religious freedom" law—which allows businesses to discriminate in the name of religious belief—hits.
By Daphne Howland • March 30, 2015 -
GNC bolstering quality controls
The supplements retailer will announce a plan to test its products in an agreement with the New York State attorney general’s office
By Daphne Howland • March 30, 2015 -
Restoration Hardware takes the long view with new growth strategy
The retailer is more into its catalog than social media, and is sticking with brick-and-mortar to successfully reach its wealthy target customers.
By Daphne Howland • March 30, 2015 -
Best Buy folding Canadian Future Shop chain
The retailer bought the iconic Canadian electronics store chain in 2001, but says it must focus on its flagship brand in the country.
By Daphne Howland • March 30, 2015 -
RadioShack auction prolonged by lender quarrels
The retailer is fighting for a Standard General bid that is $20 million higher, but other lenders are pushing back hard.
By Daphne Howland • March 27, 2015 -
Walgreens ends 'Be Well' directive
Employees at the drugstore chain are no longer required to issue the stock phrase upon checkout.
By Ian P. Murphy • March 27, 2015 -
Ousted American Apparel CEO seeks $40M in damages
Dov Charney has re-constituted a lawsuit he instigated nearly a year ago, but suspended in hopes of a return.
By Daphne Howland • March 27, 2015 -
Fred's Super Dollar beefs up executive suite, buys specialty pharmacy
With an improving economy and the merger of Family Dollar and Dollar Tree, “dollar stores” don’t have the luxury of any inefficiencies.
By Daphne Howland • March 27, 2015