Financial News: Page 368
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J. Crew CEO leaving Apple board
Millard “Mickey” Drexler was tapped by Steve Jobs 16 years ago to help guide Apple’s retail operations.
By Daphne Howland • Jan. 23, 2015 -
Instacart partners with Petco for same-day delivery
For people with pets, this is another way to get an errand done and care for their little friends. For Instacart, it’s a win in the on-going delivery wars.
By Daphne Howland • Jan. 23, 2015 -
Rihanna prevails in lawsuit over Topshop T-shirts
The singer sued the retailer for selling apparel emblazoned with her photo without her permission.
By Daphne Howland • Jan. 23, 2015 -
Sears taps pharmacy veteran for Kmart unit
Phil Keough was CEO and president of long term-care company Millennium Pharmacy Systems and previously served in top positions at CVS Health and Rite Aid.
By Daphne Howland • Jan. 23, 2015 -
Wal-Mart expands in Canada
Wal-Mart Canada is opening new stores and remodeling existing locations the same time rival Target is exiting the country.
By Daphne Howland • Jan. 23, 2015 -
Family Dollar shareholders approve merger with Dollar Tree
After months of back and forth, the acquisition of Family Dollar by rival Dollar Tree may finally be happening.
By Kelsey Lindsey • Jan. 22, 2015 -
Amazon in need of diaper change
Amazon pulled its diaper line less than two months after launch after receiving only mediocre reviews from customers.
By Daphne Howland • Jan. 22, 2015 -
Fanatics inks NASCAR deal to run racetrack superstores
The web retailer is broadening both its brand and reach through an expansion into physical stores.
By Daphne Howland • Jan. 22, 2015 -
Lowe's begins seasonal hiring of 30,000 associates
The home improvement retailer is hiring 5,000 more workers than last year, but 15,000 fewer than 2013.
By Daphne Howland • Jan. 22, 2015 -
eBay to cut 2,400 jobs, may go public with eBay Enterprise unit
The marketplace company is facing a difficult year as it prepares to spin off its PayPal payments unit.
By Daphne Howland • Jan. 22, 2015 -
Deep Dive
Why Target missed the bullseye in Canada
After less than two years in the country, Target announced that it would close all of its 133 stores in Canada. What does this less-than-stellar showing mean for the retailer going forward?
By Kelsey Lindsey • Jan. 21, 2015 -
Barnes & Noble retail CEO to retire
Mitchell Klipper, who oversaw the bookseller’s retail operations and is a 28-year veteran of the company, will retire in May.
By Daphne Howland • Jan. 21, 2015 -
Supreme Court rejects retailers' swipe fee challenge
By leaving the Federal Reserve decision intact without comment, the Supreme Court leaves retailers with little recourse in the fight against swipe fee regulations.
By Daphne Howland • Jan. 21, 2015 -
Hedge fund makes public push for Staples-Office Depot merger
Activist investor Starboard Value sent Staples CEO Ronald Sargent a letter that sets the stage for a proxy fight.
By Daphne Howland • Jan. 21, 2015 -
Private equity firm ends talks to acquire Express
Sycamore Partners Management, which owns several retailers, said it couldn’t get favorable financing terms for the deal.
By Daphne Howland • Jan. 21, 2015 -
Wal-Mart launches in-store tax refund pickup
Introducing yet another financial service for customers, even Wal-Mart shoppers without bank accounts can collect their income tax refunds in cash at any U.S. store.
By Daphne Howland • Jan. 21, 2015 -
Uniqlo under fire for poor factory conditions
An investigation has found several instances of “harsh and dangerous” working conditions at two Chinese factories employed by Japanese fashion retail company Fast Retailing.
By Daphne Howland • Jan. 20, 2015 -
Google in talks to buy mobile payments company Softcard
The internet giant may be looking at acquiring the mobile payments company, and for quite a bargain, according to news reports.
By Daphne Howland • Jan. 20, 2015 -
Tastebud buys 'gamified data' startup SocialCrunch
The two Chicago startups will focus on integrating personalized mobile communication into malls.
By Daphne Howland • Jan. 20, 2015 -
Deep Dive
Smart dressing rooms and touchless checkouts: 4 promising retail tech innovations at NRF 2015
Retail Dive got a sneak peek at the future of physical stores at NRF's annual Big Show.
By Kelsey Lindsey • Jan. 16, 2015 -
Wet Seal files for bankruptcy
The news follows last week's announcement that the teen retailer would be closing three-fourths of its stores.
By Kelsey Lindsey • Jan. 16, 2015 -
Dollar General unwilling to meet antitrust demands over Family Dollar bid
Dollar General’s unwillingness to work with the FTC on antitrust issues, plus the support for Dollar Tree’s offer by two proxy advisory firms this week makes a Dollar Tree takeover likely.
By Daphne Howland • Jan. 16, 2015 -
After happy holidays, Best Buy lowers expectations
The electronics retailer saw healthy holiday sales, especially online, but warned that low prices and soft demand would hit sales.
By Daphne Howland • Jan. 16, 2015 -
RadioShack said to be preparing for bankruptcy
The question now is whether the retailer is strong enough to reorganize or if it is looking at liquidation.
By Daphne Howland • Jan. 16, 2015 -
UPDATE: LA department store calls out mayor in window display
After failing to get a meeting with mayor Eric Garcetti, upscale retailer Kitson has used the window display of its flagship Robertson Boulevard store to taunt him about it.
By Daphne Howland • Jan. 16, 2015