Financial News: Page 374
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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 -
RadioShack scales back Thanksgiving Day hours after protests
The plan was to open all day beginning at 8 a.m., but the retailer will now close between noon and 5 p.m.
By Daphne Howland • Nov. 13, 2014 -
Neglected Chicago area mall forced to close
A Cook County judge ordered the Lincoln Mall to close by the beginning of January because the owners didn't invest enough in its upkeep.
By Daphne Howland • Nov. 12, 2014 -
Wayfair announces healthy post-IPO sales, wider losses
The e-retailer of home goods, furniture, and office supplies said its losses grew due to investments in marketing and branding efforts.
By Daphne Howland • Nov. 12, 2014 -
American Apparel sales fall heavily
The retailer is still smarting from the drama surrounding the summertime ouster of founder and CEO Dov Charney.
By Daphne Howland • Nov. 12, 2014 -
Sears planning 'open air village' mall
Can this planned development in Florida help bring the retailer back from the brink of extinction?
By Daphne Howland • Nov. 11, 2014 -
Abercrombie & Fitch warns of sales declines
The retailer that once nominated itself as the arbiter of cool is being ignored and rejected by teenagers.
By Daphne Howland • Nov. 10, 2014 -
Google Express head moves to Uber
Tom Fallows helped start and lead Google's same-day delivery service.
By Daphne Howland • Nov. 10, 2014 -
Sears considering real estate sale
The retailer may sell its real estate holdings, something some investors advocated for 10 years ago.
By Daphne Howland • Nov. 10, 2014 -
Deep Dive
How America's biggest retailers and shippers are preparing for the holiday season
The retail sphere is ramping up for this year's $616.9 million holiday season.
By Kelsey Lindsey • Nov. 7, 2014 -
Target hires General Motors compliance exec
Jacqueline Hourigan Rice will have an expanded role as chief risk and compliance officer at the retailer.
By Daphne Howland • Nov. 7, 2014 -
Target selling some items at NYC's Story concept store
CEO Brian Cornell agreed to sell some Target products at the concept store after visiting Story's New York City location.
By Daphne Howland • Nov. 6, 2014 -
Zulily lands $1B in sales, lowers outlook
Analysts say the flash-sales site is not cutting prices enough to lure holiday shoppers.
By Daphne Howland • Nov. 6, 2014 -
Foot Locker CEO retiring next month
COO Richard Johnson will take over for CEO Ken Hicks Dec. 1.
By Daphne Howland • Nov. 5, 2014 -
Alibaba's first public earnings report exceeds expectations
Revenue and sales volume were both up more than 50% year-over-year.
By Daphne Howland • Nov. 5, 2014 -
CVS revenues up despite tobacco sales ban
The newly renamed CVS Health Corp. reported a higher-than-expected revenue increase, but its profit fell due to higher costs.
By Daphne Howland • Nov. 5, 2014 -
Minimum wage increases win in five states and San Francisco
Despite a strong showing by Republicans, voters in five states and in San Francisco backed hourly wage increases.
By Daphne Howland • Nov. 5, 2014 -
Deep Dive
When and why CEOs flex their political muscle
Getting mixed up in political discussions can be tricky for companies, but some retail CEOs go for it.
By Daphne Howland • Nov. 4, 2014 -
Forrester: Holiday web sales will bring in $89B
Shoppers new to web and mobile shopping will help drive the spending growth online.
By Daphne Howland • Nov. 4, 2014 -
Lowe's stung by bee protests
The environmental activist group Friends of the Earth says certain pesticides sold by the retailer are contributing to bee die-off.
By Daphne Howland • Nov. 3, 2014 -
Dollar General extends Family Dollar takeover offer
Without enough takers, the $80-per-share offer will now be good until Dec. 31.
By Daphne Howland • Nov. 3, 2014 -
Irish company beat Apple to 'iWatch' trademark
The Apple Watch, which much of the world except CEO Time Cook has called "iWatch," will launch in the spring, much later than anticipated.
By Daphne Howland • Nov. 3, 2014 -
'Alex from Target' an Internet sensation
In an example of the dizzying swiftness of viral meme proliferation, a tweet has made a retail worker into a worldwide heartthrob.
By Daphne Howland • Nov. 3, 2014 -
Ex-Apple CEO unveils new smartphone brand
The Obi is an Android phone priced to compete for iPhone lovers who lack the cash.
By Daphne Howland • Oct. 31, 2014