Financial News: Page 370
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Kickstarter leaves Amazon Payments for Stripe
The project-funding platform needs a payments service that makes it easy for people to contribute to the endeavors of artists and entrepreneurs from all over the world.
By Daphne Howland • Jan. 7, 2015 -
J.C. Penney has nice 3.7% holiday gain
The retailer also predicted that it would see close to a 4% same-store sales increase in its fourth quarter.
By Daphne Howland • Jan. 7, 2015 -
American Apparel revamps ethics code
The behavior that repeatedly got founder Dov Charney in trouble over the years is strictly prohibited under a new, longer and stronger code of conduct.
By Daphne Howland • Jan. 7, 2015 -
Coach to buy shoemaker Stuart Weitzman
The luxury brand will purchase the women's footwear maker for as much as $574 million.
By Kelsey Lindsey • Jan. 6, 2015 -
Wet Seal faces online outrage
As the retailer appears to wind down its business, employees took to social media to complain about unpaid time, short notice, and other ways they say the retailer left them in the cold.
By Daphne Howland • Jan. 6, 2015 -
Amazon's Marketplace has banner year
Sellers from more than 100 countries sold more than $2 billion worth of goods through Amazon in 2014.
By Daphne Howland • Jan. 6, 2015 -
C. Wonder to shutter all stores
The quirky retailer founded by Tory Burch’s ex-husband three years ago appears to be finished.
By Daphne Howland • Jan. 6, 2015 -
American Apparel slows factory and payments to suppliers
The retailer is under intense cash pressure due in part to the high costs of its months of legal and financial drama.
By Daphne Howland • Jan. 5, 2015 -
Legal weed retailers struggling
Medical marijuana and the old-fashioned black market remain fierce competitors for legal weed retailers in Colorado and Washington facing higher costs.
By Daphne Howland • Jan. 5, 2015 -
Wet Seal receives notice of default
The cash-strapped teen apparel retailer has suffered falling sales in malls and online.
By Daphne Howland • Jan. 4, 2015 -
Deep Dive
The 10 most read features in 2014
These are the stories that got the most clicks in 2014.
By Kelsey Lindsey • Dec. 30, 2014 -
Walgreens-Boots merger approved
Shareholders overwhelmingly voted for the merger of the two drugstore retail giants, but questions about the future of the combined company remain.
By Daphne Howland • Dec. 29, 2014 -
Barnes & Noble takes full ownership of Nook
The move means that whatever plans the bookseller has for its e-reader business can be put into play.
By Daphne Howland • Dec. 25, 2014 -
American Apparel takeover bid confirmed, but not return of founder
Amid rumors about whether Dov Charney could return, the retailer is now also contemplating a takeover bid that could shake things up further.
By Daphne Howland • Dec. 23, 2014 -
Rent the Runway to expand
The darling of the "sharing economy" has raised $60 million in its latest round of funding and plans to open more physical stores.
By Daphne Howland • Dec. 23, 2014 -
Dollar store merger expected to be delayed again
While a judge cleared the way for a vote on Dollar Tree’s merger with Family Dollar, shareholders are expected to delay things.
By Daphne Howland • Dec. 23, 2014 -
Alibaba cracking down on fake products
The e-commerce giant has spent some $161 million the past two years battling the so-called “grey market.”
By Daphne Howland • Dec. 23, 2014 -
Deep Dive
5 of 2014's most interesting executive comings & goings
The top executive spot at retailers is increasingly a tough job to fill.
By Daphne Howland • Dec. 22, 2014 -
Indian e-commerce marketplace Flipkart raises $700M
This latest round of funding comes after Flipkart raised $1 billion in July, and ups its 2014 funding past $2 billion.
By Kelsey Lindsey • Dec. 22, 2014 -
RadioShack marketing chief leaving
Chief marketing officer Jennifer Warren has departed the struggling retailer’s ranks.
By Daphne Howland • Dec. 21, 2014 -
American Apparel investor demanding board documents
In a letter to the board, a major investor says there was a “systematic failure to provide full disclosure of material information” related to the June ouster of Dov Charney as CEO.
By Daphne Howland • Dec. 21, 2014 -
eBay to pay $23M for Donahoe departure
The eBay/PayPal split will leave Donahoe without a position at the company.
By Daphne Howland • Dec. 19, 2014 -
Drama not over at American Apparel
Could founder and ousted CEO Dov Charney return with the help of a takeover?
By Daphne Howland • Dec. 19, 2014 -
New York cracks down on toy gun sales
The state’s law bans sales of toy guns unless they are unrealistic in design or unless they have markings that can communicate to law enforcement that the guns aren’t real.
By Daphne Howland • Dec. 19, 2014 -
Executive suite changes at Target
CEO Brian Cornell came on this summer and is shaking things up in the c-suite.
By Daphne Howland • Dec. 19, 2014