Financial News: Page 372
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Abercrombie CEO steps down
Mike Jeffries will retire as CEO and a member of the board effective immediately.
By Kelsey Lindsey • Dec. 9, 2014 -
Kohl's third quarter news all about e-commerce
The retailer’s sales are sluggish, except when it comes to its online operations.
By Daphne Howland • Dec. 9, 2014 -
House approves tax benefits bill for retail remodeling
The bill was stalled in the House—which is generally loathe to consider tax legislation—but now moves on to the Senate.
By Daphne Howland • Dec. 9, 2014 -
Fotolia
New York to give Amazon $5M for 500 jobs
The tax-credit program is designed for companies that can boost employment in the area.
By Daphne Howland • Dec. 8, 2014 -
RadioShack will end 401(K) matching program
The retailer is on the brink and is being stymied once again by two of its lenders.
By Daphne Howland • Dec. 8, 2014 -
"https://www.flickr.com/photos/jeepersmedia/14853082845/in/photolist-2k8nwKQ-2jkjsvv-oCvW4g-oCuf3U-oEgTw6-oCufvN-oAuaV1-oCfiot-oAub5j-om2TrM-2ihyE2T-ofj1tt-oEgSPe-om2vPR-oCvUVV-om2ajd-2pC7eGW-owLTPE-2m" by Mike Mozart is licensed under CC BY 2.0
Five Below names COO as incoming CEO
The discount retailer is expanding, opening 12 new stores just this year.
By Daphne Howland • Dec. 8, 2014 -
Retail Dive
Delia's to file for bankruptcy
The teen clothing retailer hinted in September that it may not have enough cash to survive the year.
By Kelsey Lindsey • Dec. 5, 2014 -
Third quarter losses build for Sears
But the once-great American retailer hasn't thrown in the towel yet.
By Daphne Howland • Dec. 5, 2014 -
Barnes & Noble buys Nook stake from Microsoft
The bookseller aims to split its retail and digital businesses to give each a better chance to thrive.
By Daphne Howland • Dec. 5, 2014 -
Dollar Tree could close up to 500 stores in merger
The number of closings, which would be required by the FTC if it acquired rival Family Dollar, is about in line with Dollar Tree’s expectations, sources said.
By Daphne Howland • Dec. 5, 2014 -
Gap losing global CMO
Gap, which got a kick start from marketing chief Seth Farbman, is now going to have to soldier on without him.
By Karen Talley • Dec. 4, 2014 -
Abercrombie & Fitch lowers outlook
The teen-apparel retailer can’t seem to find a way out of its funk, and it's running out of options.
By Daphne Howland • Dec. 4, 2014 -
Fotolia
Judge says Target breach lawsuits can go forward
The retailer’s nightmare from last year's cyber-security breach isn’t over yet.
By Daphne Howland • Dec. 4, 2014 -
Chicago to boost minimum wage to $13 by 2019
The measure passed overwhelmingly while a similar bill languishes in the state legislature.
By Daphne Howland • Dec. 3, 2014 -
FTC suit against Amazon will go forward
A U.S. District Court Judge said that the suit over hefty in-app purchases by children can go forward.
By Daphne Howland • Dec. 3, 2014 -
Feds turn to antiquated law to open locked iPhones
Civil liberties advocates are alarmed that federal judges have agreed that the All Writs Act of 1789 can compel companies to unlock their customers’ smartphones.
By Daphne Howland • Dec. 3, 2014 -
Wal-Mart shifting resources in Asia
The retail giant is cutting 250 jobs in merchandising and marketing, but is also opening nine stores and a distribution center that will create 6,000 new jobs.
By Daphne Howland • Dec. 3, 2014 -
Wal-Mart says cyber shopping soars over the weekend
The retailer saw record numbers of online traffic and sales in the five days following the Thanksgiving holiday.
By Karen Talley • Dec. 2, 2014 -
Moody's lowers Amazon's outlook
The e-retail giant is issuing unsecured notes for an undisclosed amount in order to finance many ambitious projects.
By Daphne Howland • Dec. 2, 2014 -
Could the sales tax 'loophole' debate revive over Alibaba?
Anti-tax sentiment in Congress is high, but retailers may have found a new enemy to revive their case.
By Daphne Howland • Dec. 2, 2014 -
Barry haynes [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)], from Wikimedia Commons
Billabong rebuilding brick-and-mortar network
CEO Neil Fiske says he believes that physical stores are key to a retailer's brand.
By Daphne Howland • Dec. 2, 2014 -
San Francisco passes retail worker 'bill of rights'
The city legislature unanimously approved the bill on a required second vote, which would survive an unlikely mayoral veto.
By Daphne Howland • Dec. 1, 2014 -
Wal-Mart's chief merchandising officer departs
Duncan Mac Naughton joined Wal-Mart in 2009, where he started as chief merchandising officer of Wal-Mart Canada.
By Kelsey Lindsey • Nov. 25, 2014 -
Petco to buy pet supply e-retailer
The acquisition will give the pet supply chain a hand in the lucrative veterinary prescription medicine e-business.
By Daphne Howland • Nov. 24, 2014 -
Nike will sponsor US Olympic team through 2020
Team USA will be outfitted in Nike for games in Pyeongchang, South Korea, Tokyo, and Rio for the Summer, Winter, and Paralympic Games.
By Daphne Howland • Nov. 24, 2014
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