Financial News: Page 362
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Ulta has billion-dollar quarter
The retailer continues to see healthy sales and growth, with 100 new stores planned to open this year.
By Daphne Howland • March 13, 2015 -
Express tops estimates in holiday quarter
Unlike many of its competitors, the apparel retailer is exceeding expectations thanks to its outlet strategy.
By Daphne Howland • March 13, 2015 -
Aeropostale's recovery stalled by weather, ports issues
The fact that the retailer posted its first profit in many quarters doesn’t matter much at the moment, but CEO Julian Geiger says things will get better.
By Daphne Howland • March 13, 2015 -
Alibaba recruiting talent from Seattle's tech hub
It’s fitting, considering how much the city inspired founder Jack Ma when he visited in the eighties.
By Daphne Howland • March 13, 2015 -
Alibaba to invest $200 million in Snapchat
The Chinese e-commerce company also said that Mike Katz will join its investment team from San Francisco.
By Daphne Howland • March 12, 2015 -
Dollar General moves ahead with 730 new stores
The retailer will open the new stores as it strives to compete with its bulked up Dollar Tree-Family Dollar competitor and new pushes by Wal-Mart Stores and Target.
By Daphne Howland • March 12, 2015 -
Amazon unveils Pinterest-like 'Exclusives' storefront
“Amazon Exclusives” has a selection of products that are found exclusively on the storefront or on the sellers’ own sites.
By Daphne Howland • March 11, 2015 -
LL Bean to triple US stores by 2020
E-commerce came naturally to the retailer, which has sold boots, apparel, and gear through its catalog for more than 100 years. But now it needs more stores.
By Daphne Howland • March 11, 2015 -
PayPal acquires Israeli cyber-security firm
The deal comes a week after the payments company, soon an eBay spinoff, bought mobile wallet Paydiant.
By Daphne Howland • March 11, 2015 -
Barnes & Noble stays committed to Nook despite tumbling sales
The bookseller says it is invested in its e-reader, despite a 50% sales drop in its last quarter.
By Daphne Howland • March 11, 2015 -
Target begins layoffs with 1700 job cuts
The layoffs are part of the retailer's recently announced turnaround plan.
By Kelsey Lindsey • March 10, 2015 -
UPDATE: Consumer safety watchdog looking into Lumber Liquidators
The Consumer Product Safety Commission confirmed that it has requested the test results of a damning journalism report by 60 Minutes, which sent the retailer's stock into an even deeper dive.
By Daphne Howland • March 10, 2015 -
Barnes & Noble invests in online study vendor Flashnotes
The investment makes good on the bookseller’s announcement last month that it would spin off and expand its collegiate business.
By Daphne Howland • March 10, 2015 -
Cache to close all stores
After filing for Chapter 11 bankruptcy protection early last month, the women’s apparel retailer said it will end its business operations entirely.
By Daphne Howland • March 10, 2015 -
PetSmart to go private
Investors approved the $8.7 billion bid from London-based private equity firm BC Partners.
By Daphne Howland • March 10, 2015 -
Urban Outfitters beats estimates with Q4 sales increase
The Philadelphia-based apparel retailer saw the first same-store sales increase for its namesake brand in three quarters.
By Daphne Howland • March 10, 2015 -
Apple event unveils new products, Apple Pay numbers
Along with disclosing that Apple Pay is now accepted at 700,000 locations, CEO Tim Cook also introduced a new MacBook and the highly-anticipated Watch.
By Kelsey Lindsey • March 9, 2015 -
Simon Property Group makes $16B bid for Macerich
The deal would join No. 1 mall owner Simon with No. 3 mall owner Macerich.
By Kelsey Lindsey • March 9, 2015 -
Deliv hires former eBay product exec
The hire of eBay's VP of product Kenny Pate comes as same-day delivery startup Deliv continues to expand.
By Daphne Howland • March 9, 2015 -
Union organizers pressure Costco over suppliers' working conditions
The retailer has a stellar reputation for its treatment of workers—and at a Sunday protest, workers said that’s why it should stop stocking certain products.
By Daphne Howland • March 9, 2015 -
Triple Five Group plans to build largest mall in the US
The project slated for pastureland around Miami will cost $4 billion and employ 25,000 people once it is open.
By Daphne Howland • March 9, 2015 -
Former Crate & Barrel president joins Interior Define
Marte Calle left Crate and Barrel last July amidst a shake-up at the Chicago-based retailer of furniture and home goods.
By Daphne Howland • March 9, 2015 -
February sees 24K new retail jobs
The gains came despite challenges presented by severe weather in some parts of the country and slowdowns at West Coast ports. But wages remain somewhat depressed.
By Daphne Howland • March 9, 2015 -
Strong dollar, weak demand hurts Staples in Q4
Meanwhile, the American Postal Workers Union (APWU) announced Friday that it’s working with the AFL-CIO to challenge Staples' merger with Office Depot.
By Daphne Howland • March 6, 2015 -
American Apparel worker files labor complaint
Dov Charney himself is also reportedly rallying the retailer’s Los Angeles-based factory workers to organize themselves (and support him).
By Daphne Howland • March 6, 2015