Financial News: Page 380
-
Wal-Mart Stores announces cuts at HQ
The retail giant is making moves to refocus and restructure in light of its e-commerce and tech goals.
By Daphne Howland • Feb. 2, 2015 -
Apple tops many retail chains in in-store sales: study
But brick-and-mortar sales represent only 12% of the $700 billion company's annual revenues.
By Ian P. Murphy • Feb. 2, 2015 -
Congress considering 'provider status' for pharmacists
Congress last week introduced new bills that would allow Medicare payments to pharmacists for certain services, boosting drugstores' efforts to expand their business.
By Daphne Howland • Feb. 2, 2015 -
Rebekka Bay leaves creative director role at Gap
Many had high hopes for Danish branding guru Bay, brought on to help the retailer’s lackluster merchandise and sluggish sales.
By Daphne Howland • Feb. 2, 2015 -
RadioShack negotiating bankruptcy details
The struggling electronics retailer was aiming to file for Chapter 11 today, sources say.
By Daphne Howland • Feb. 2, 2015 -
Gap shakes up management with customer experience in mind
The retailer eliminated the creative director position and says it will recalibrate for customer engagement.
By Ian P. Murphy • Jan. 30, 2015 -
Bain & Co retail exec to lead Box's retail unit
Josh Chernoff will lead the cloud services and file-sharing company's new Box for Retail operation.
By Daphne Howland • Jan. 30, 2015 -
Jones New York closing stores, wholesale business
The company, which was acquired by Sycamore Partners last year, says it’s looking at possible "alternative strategies."
By Daphne Howland • Jan. 30, 2015 -
Kate Spade shuttering all Saturday, Jack Spade stores
But Kate Spade & Company also announced a new kids line and efforts to expand in China.
By Daphne Howland • Jan. 30, 2015 -
Amazon pleases with Q4 profit
The company’s share price rose as much as 14% on the news of a quarterly profit that beat most expectations.
By Daphne Howland • Jan. 30, 2015 -
Alibaba misses revenue estimates
The e-commerce giant reported its earnings a day after the Chinese government criticized Alibaba for its sale of fake goods.
By Kelsey Lindsey • Jan. 29, 2015 -
More faltering malls to close in 2015: study
The fortunes of the U.S. mall mirror the fortunes of the country's haves and the have-nots, according to research by Green Street Advisors.
By Daphne Howland • Jan. 29, 2015 -
Sofia Vergara ends Kmart endorsement
The "Modern Family" actress's endorsement strategy seems to be going upscale.
By Ian P. Murphy • Jan. 29, 2015 -
H&M plans 400 new stores as profit surges
The Stockholm-based retailer is taking a hit from the strong U.S. dollar, however.
By Daphne Howland • Jan. 29, 2015 -
SkyMall may get a comeback
Travel gear company SCOTTeVEST, a featured advertiser in the in-flight catalog, is in talks with SkyMall's parent company to possibly bring it back.
By Daphne Howland • Jan. 29, 2015 -
Sears laying off 115 corporate employees
The cuts from various departments are part of the struggling retailer’s ongoing efforts to trim costs.
By Daphne Howland • Jan. 29, 2015 -
Apple busts expectations with 74.5M iPhones sold last quarter
The momentous phone sales helped lift Apple's quarterly profit by 38%.
By Daphne Howland • Jan. 28, 2015 -
Clothing resale site Tradesy snags another $30M
The investment round comes eight months after the startup retail site collected another $13 million in funding.
By Daphne Howland • Jan. 28, 2015 -
Eco-fashion retailer Reformation starting lower-priced line
The new line, called “Obvious,” has prices that range from $28 to $178.
By Daphne Howland • Jan. 27, 2015 -
Boots exec named global CFO of Walgreens Boots Alliance
The appointment of George Fairweather shows how much influence former Alliance Boots chairman Stefano Pessina has in shaping the new company.
By Daphne Howland • Jan. 27, 2015 -
J.C. Penney closing Foundry Big & Tall stores
The retailer is moving the mens apparel brand completely in-house.
By Daphne Howland • Jan. 27, 2015 -
Uniqlo announces Canadian expansion
Despite recent retail troubles in the country, Uniqlo plans on opening two stores in Canada late next year.
By Kelsey Lindsey • Jan. 26, 2015 -
Sears Canada makes Boire permanent CEO
Ronald D. Boire has served as the company's acting president and CEO since Oct. 15, 2014.
By Daphne Howland • Jan. 26, 2015 -
UPDATE: Saks drops controversial argument on transgender discrimination
Saks Monday said it's withdrawing its legal argument that transgender employees are not protected under anti-discrimination law.
By Daphne Howland • Jan. 26, 2015 -
UPDATE: American Apparel board warned of conflict of interest
UPDATE: Shareholder Michael Bigger says the retailer’s board is controlled by a hedge fund whose interests conflict with the retailer’s other shareholders, but the a spokeswoman for the fund says his claims are "baseless."
By Daphne Howland • Jan. 26, 2015