Financial News: Page 398
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Wal-Mart names its new CEO
Doug McMillon will take over the role when Michael Duke retires in 2014.
By Brian Warmoth • Nov. 25, 2013 -
J.C. Penney to be exchanged on S&P 500 for Allegion
But the company remains optimistic heading into the year’s busiest shopping season.
By Philip Nations • Nov. 25, 2013 -
No other bidder surfaces for Fresh & Easy, clearing way for Yucaipa takeover
Fresh & Easy canceled a planned auction of its assets when no bidder materialized to compete with Yucaipa.
By Paul Conley • Nov. 19, 2013 -
Wal-Mart cuts earnings forecast again amid price wars with grocery, dollar stores
Wal-Mart, the country's largest retailer, trimmed its earnings forecast for the second time this year.
By Paul Conley • Nov. 14, 2013 -
Deep Dive
4 Kroger predictions: Will it actually take over the world?
Kroger is sitting on top of the supermarket space—rolling in revenue, its stock price soaring. What's next? And what could go wrong?
By Paul Conley • Nov. 11, 2013 -
Groupon boasts of mobile success, buys Korean company for $260M
The company reported that quarterly sales were up, but it still saw a net loss of $2.58 million.
By Brian Warmoth • Nov. 8, 2013 -
A&F backtracks, weclomes plus size customers after all
Poor performance seems to have motivated the company to offer larger sizes on its racks in 2014.
By Brian Warmoth • Nov. 8, 2013 -
Holiday retail forecast looks grim at Morgan Stanley
Ready to see the numbers? You may want to sit down for this.
By Brian Warmoth • Nov. 1, 2013 -
Wal-Mart plans huge China push, 110 new stores
Serving growing numbers of online customers will also be key for the U.S. company.
By Brian Warmoth • Oct. 24, 2013 -
Chinese ecommerce giant Tmall offers Western brands a how-to guide
For Western brands looking to break into the Chinese market, Tmall's massive online mall can help.
By Roger Riddell • Oct. 23, 2013 -
Apple scores big hire, grabs Burberry's CEO
Angela Ahrendts will get a newly-established exccutive position when she arrives at Apple.
By Brian Warmoth • Oct. 15, 2013 -
Whole Foods, Costco store brands top consumer survey
A consumer survey shows that store brands at Whole Foods attract shoppers.
By Paul Conley • Oct. 9, 2013 -
Wal-Mart bows out of retail in India for now
Are you really surprised?
By Brian Warmoth • Oct. 9, 2013 -
Juicy Couture fetches $195M in sale to Authentic Brands
Lucky Brand may be the next to go.
By Brian Warmoth • Oct. 7, 2013 -
Harris Teeter shareholders vote yes on acquisition
Kroger's $2.44 billion offer triggered a strong turnout among shareholders eager to sell.
By Brian Warmoth • Oct. 4, 2013 -
Amazon boosts holiday hiring by 40% for holiday season
The online retail giant plans to add more than 70,000 new jobs in the U.S.
By Philip Nations • Oct. 2, 2013 -
Walmart's Asda pulls controversial Halloween costumes
Asda and Tesco faced a social media outcry over their "Mental Patient" and "Psycho Ward" outfits.
By Roger Riddell • Sept. 26, 2013 -
Wal-Mart tells suppliers that orders are getting cut
Inventory has got to go, and the retail mega-chain is figuring out how to handle the situation.
By Brian Warmoth • Sept. 25, 2013 -
Kroger CEO to step down
The company has announced transition plans, as well as David Dillon's successor.
By Brian Warmoth • Sept. 20, 2013 -
OfficeMax CEO will not oversee Office Depot post-merger
Saligram will stay on at OfficeMax for now, but the big reveal leaves leadership questions wide open.
By Brian Warmoth • Sept. 19, 2013 -
Stagnito Media buys Store Brand Decisions
One of the bigger companies in food-business news buys one of the young up-and-comers.
By Paul Conley • Sept. 16, 2013 -
New Orleans attracts influx of big box retailers
The city has managed to bring in prominent names as it works to drive tax dollars back from its suburbs.
By Brian Warmoth • Sept. 16, 2013 -
J.C. Penney board member jumps ship
Vornado Realty Trust CEO Steven Roth recently indicated the company plans to sell its entire stake in the department store chain.
By Davide Savenije • Sept. 16, 2013 -
Fresh & Easy stores are sold; Wild Oats may return
The long-anticipated sale of Fresh & Easy spawns rumors that Wild Oats will return.
By Paul Conley • Sept. 11, 2013 -
Yankee Candle sold to Jarden for $1.75B
The seller of Mr. Coffee, Crock-Pots and Sunbeam electric blankets reached a deal to buy the largest scented candle company in the U.S.
By Davide Savenije • Sept. 3, 2013