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June 12, 2015 at 2:09 pm
Put J.C. Penney executives in the same room with Wall Street analysts and the question of store closings always comes up. Why isn’t Penney closing more stores? J.C. Penney CEO Mike Ullman and CEO-designee Marvin Ellison were on the same podium Wednesday at the Piper Jaffray Annual Consumer Conference in New York. Analyst Neely Tamminga…
June 11, 2015 at 2:24 pm
A new lawsuit is threatening the accessibly feminist image on which Nasty Gal founder Sophia Amoruso has essentially built her career. Former Nasty Gal employee Aimee Concepcion has filed a suit against the company which alleges that she and three other female employees were illegally terminated after becoming pregnant. According to the complaint, originally reported…
June 11, 2015 at 2:18 pm
Americans stepped up their spending at retailers in May, especially for autos, clothes and building materials, in a sign that strong job growth has begun to boost store sales. Retail sales rose at a seasonally adjusted 1.2 percent annual rate after a 0.2 percent gain in April, the Commerce Department said Thursday. Over the past…
June 11, 2015 at 2:12 pm
Yesterday fashion retailer J.Crew slashed its corporate staff and ousted its lead women's fashion designer amid a sales slump. The company said it's cutting 175 full-time jobs, including some open positions, with most spots located at its New York City headquarters. J.Crew also announced that it's ousting Tom Mora as head of women's design. He…
June 11, 2015 at 1:57 pm
An Apple Store employee told Tim Cook that the company treats its staff like "criminals." That's according to a recently unsealed email that's part of a lawsuit filed against Apple in 2013. The suit, filed in federal court in California, alleges that Apple Store employees weren't paid wages for time spent waiting while managers checked…
June 10, 2015 at 4:32 pm
Investors might appreciate it more if Burlington Stores just said, “we blew it, and it won’t happen again,” rather than blaming “receipt flow issues” related to the timing of Easter for disappointing sales. The discount retailer’s stock tumbled 8.4 percent Tuesday, suffering the biggest one-day percentage selloff since the company went public on Oct. 2,…
June 10, 2015 at 4:27 pm
Facebook is offering up free beacons to retailers and businesses using its service as part of an update to the company’s Place Tips feature originally rolled out in January. Place Tips, which works by showing Facebook users posts and photos about a specific retailer or business when they open the app within the actual store,…
June 10, 2015 at 4:20 pm
Target is shutting down its wireless telecom service after offering it just two years, marking at least the second major business the retailer has exited in six months. Customers of Target’s Brightspot pre-paid wireless service are being notified the service will be terminated by the beginning of next year. Consumers won’t be able to activate…
June 10, 2015 at 4:13 pm
Nike Inc. has settled a lawsuit against three former shoe designers it accused of stealing its commercial secrets and taking them to German rival Adidas AG with plans to open a footwear design studio in Brooklyn. The designers' attorney, Matt Levin, said in a statement Tuesday that the case had been resolved through a confidential…
June 9, 2015 at 2:54 pm
Walgreens is facing criticism for dumping the inventory of a closed Wyoming store in a landfill last week instead of donating it to charity. The Deerfield, Ill.-based drugstore chain, however, said the store in Jackson "closed suddenly in April 2014 after a landslide made it unsafe for it to remain in operation, and products inside…
