Financial News: Page 373
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Ann Inc. hit by slowing sales, inventory issues
The womens-apparel retailer reported rising inventory and says its Ann Taylor flagship brand is failing to connect with customers.
By Daphne Howland • Nov. 24, 2014 -
Fab may be sold for $15 million
The furniture e-retailer has seen a multitude of changes in its three years, including rounds of layoffs and the acquisition of a Finnish furniture company.
By Daphne Howland • Nov. 24, 2014 -
Nasty Gal opens first physical store
The e-retailer opened its first brick-and-mortar just months after layoffs in the fall.
By Daphne Howland • Nov. 24, 2014 -
Wal-Mart moves closer to sustainability goal
The world's largest retailer hopes to source 100% of its electricity from renewable sources by 2020.
By Kelsey Lindsey , Gavin Bade • Nov. 21, 2014 -
Gap Inc. to replace brand chiefs as revenue and sales fall
San Francisco-based Gap Inc. will be replacing executives who head up its Gap and Banana Republic brands.
By Daphne Howland • Nov. 21, 2014 -
Best Buy sees unexpected sales increase
But the electronics retailer said that holiday sales will likely be flat in an intensely competitive electronics retail environment.
By Daphne Howland • Nov. 21, 2014 -
Target reports profit increase in time for the holidays
The retailer surprised many with sales and earnings that beat expectations.
By Daphne Howland • Nov. 20, 2014 -
Dollar General may be forced to close 4K stores
Family Dollar has said all along that its rival would need to divest itself of a significant number of stores if they were to merge. It looks like it was right.
By Daphne Howland • Nov. 20, 2014 -
Staples to close more stores
The country’s largest office supply retailer is doing better thanks to e-commerce, a bump in demand, and savings from many store closures.
By Daphne Howland • Nov. 20, 2014 -
Retail Workers Bill of Rights closer to adoption in San Francisco
The measures address retail employment conditions that have come under scrutiny across the country and in Congress.
By Daphne Howland • Nov. 20, 2014 -
Deep Dive
Are retailers ruining Thanksgiving?
There are two kinds of retailers this year: Those making a point of being open on Thanksgiving and those making a point of being closed. But what is the better strategy?
By Daphne Howland • Nov. 19, 2014 -
CVS opening health care innovation lab
The Boston-based hub will help the retailer expand its health care ventures with digital media and other technology development.
By Daphne Howland • Nov. 18, 2014 -
Data breach has little impact on Home Depot sales
The home-improvement retailer saw Q3 sales rise, although costs associated with its past breach have eaten into the bottom line.
By Daphne Howland • Nov. 18, 2014 -
Deep Dive
Before Amazon, there was Sears
Sears and Roebuck changed the way America shopped. Now it looks like it could all be over.
By Daphne Howland • Nov. 18, 2014 -
Sports Authority head named Guitar Center CEO
Darrell Webb will replace Mike Pratt as CEO of the music retailer Tuesday.
By Daphne Howland • Nov. 18, 2014 -
Macy's CEO on port strike: 'This is the wrong time to slow down work'
Terry Lundgren and the National Retail Federation have already been in touch with President Obama about resolving a labor dispute at West Coast ports.
By Daphne Howland • Nov. 17, 2014 -
E-commerce tax bill dies in Congress
House Speaker John Boehner said this month that he will block a vote on the Marketplace Fairness Act, which would require e-retailers to collect state sales taxes.
By Daphne Howland • Nov. 17, 2014 -
J.C. Penney sees unexpected Q3 sales dip
The retailer has successfully steadied itself in the past year, but there’s more to do.
By Daphne Howland • Nov. 14, 2014 -
Cheaper gas could be the secret to increased holiday spending
The U.S. Department of Energy said that Americans will likely spend 45 cents less per gallon next year.
By Daphne Howland • Nov. 14, 2014 -
Amazon and Hachette reach a deal
The e-retailer and publisher have been battling it out since the beginning of the year.
By Kelsey Lindsey • Nov. 13, 2014 -
Wal-Mart beats expectations in Q3
The world's largest retailer reported its first uptick in U.S. same-store sales in seven quarters.
By Kelsey Lindsey • Nov. 13, 2014 -
Macy's optimistic about holidays despite Q3 sales dip
The retailer says that lowered expenses and a mix of improved merchandising and fulfillment options could make for happy holidays.
By Daphne Howland • Nov. 13, 2014 -
Neiman Marcus hires first CISO
Sarah Hendrickson has been chief information security officer at Children’s Medical Center of Dallas for about a year.
By Daphne Howland • Nov. 13, 2014 -
Levi's cutting 500 jobs
The iconic denim retailer is outsourcing its business services as part of a planned restructuring announced in March.
By Daphne Howland • Nov. 13, 2014 -
Wal-Mart announces 5 days of 'Black Friday'
The retailer is calling its event “New Black Friday,” running extended hours and special sales from Thanksgiving Day to Cyber Monday.
By Daphne Howland • Nov. 13, 2014