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June 26, 2015 at 3:21 pm
The ousted CEO of The Children’s Place, who two years ago launched his own chain of children’s clothing pitched as “obtainable luxury,” has ended his effort with the company’s bankruptcy. Ruum American Kid’s Wear, started by Ezra Dabah, the former chairman and CEO of The Children's Place, has filed for Chapter 7 bankruptcy liquidation —…
June 26, 2015 at 3:14 pm
lululemon has been stung by another product recall, though thankfully for the apparel retailer, this time it isn’t because its pants were deemed too see-through. The yoga and running gear maker is recalling a women’s top that it sold for six years beginning in 2008 due to a hazard tied to the top’s elastic draw…
June 26, 2015 at 3:08 pm
Kathee Tesija, who rose from an entry-level analyst job to become the chief shaper of Target Corp.’s style and decider of all the things it sells, is leaving in the highest-level executive change since a new leader arrived 10 months ago. Tesija is ending a 29-year career with the Minneapolis-based retailer, the past seven as…
June 26, 2015 at 3:00 pm
Abercrombie & Fitch agreed to pay more than $158,000 and be monitored for two years as part of a settlement agreement with the U.S. Department of Justice over allegations that it discriminated against a non-U.S. citizen when it required her to present a green card. The Columbus, Ohio-based company agreed to pay the woman $3,661…
June 26, 2015 at 2:52 pm
The Retail Industry Leaders Association (RILA) is calling on Congress to make “much needed” changes to the Affordable Care Act (ACA). The move comes in response to the Supreme Court of the United States’ ruling Thursday upholding subsidies provided through ACA.
June 25, 2015 at 2:53 pm
Ikea will boost its minimum wage to $10 per hour next year, the company said Wednesday. The company's new $10 minimum will be a 15 percent hike from existing pay, while some workers will make more than $14 an hour. Ikea's wages vary from store to store depending on the local cost of living, thanks…
June 25, 2015 at 2:42 pm
Whole Foods supermarkets have been routinely overcharging customers by overstating the weight of prepackaged meat, dairy and baked goods, New York City's consumer chief said Wednesday. The price on a package of coconut shrimp at the upscale market was too high by $14.84, said Department of Consumer Affairs Commissioner Julie Menin. A package of chicken…
June 25, 2015 at 2:31 pm
By now, many people know in the wake of the heinous hate crime in Charleston, S.C., the Confederate flag is being removed from government property in Charleston, and also from store shelves. Wal-Mart, Kmart and several other retailers have removed the Confederate flag from shelves and websites. But nothing could have prepared me for what…
June 25, 2015 at 2:05 pm
Wal-Mart has introduced an Apple Watch application, suggesting that the device could have a broad market appeal while cementing the retailer’s role as a leader in mobile retail. While there's been no shortage of marketers jumping in with Apple Watch apps since the device, Wal-Mart’s entry here is notable given the retailer’s value positioning, which…
June 24, 2015 at 1:50 pm
A shoplifter swiping a book at Barnes & Noble or a Dollar General cashier stealing a pack of smokes might not be committing the crime of the century, but such transgressions across hundreds of thousands of stores in the U.S. add up to a $32 billion problem. That’s about 70 percent of the inventory ‘shrinkage’…
