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There's no question that Federica Marchionni has put her stamp on Landsโ End. There is, however, sharp debate about whether that's been a good thing. Brought in to polish the lackluster performance of the classic-clothing retailer, Marchionni โ described by supporters as tough and visionary, by detractors as cutting and headstrong โ has indeed shaken thingsโฆ
In a legal battle that could influence existing federal tax policy, South Dakota is suing four big internet retailers to force them to comply with the stateโs new remote seller sales tax law. On March 22, South Dakota Gov. Dennis Daugaard signed Senate Bill 106 into law. It requires out-of-state online retailers that sell a minimumโฆ
Nike co-founder Phil Knight said he's astounded by the athleisure trend. "It absolutely blew me away," Knight, who is also chairman of Nike, told CNBC's "Squawk on the Street" on Tuesday. He explained that today's athletic leggings have a purely functional origin in long underwear. "Forty [years] to 50 years ago, we wore long underwear to runโฆ
It was just over a year ago that the Apple Watch was slated to be unveiled, and the internet rumor and analysis machine was running in overdrive. Wall Street-types weighed in on whether the new gadget could propel the worldโs most valuable company to greater revenue and an even higher stock price. Tech geeks wereโฆ
Wal-Mart has joined a growing list of retailers issuing calls for a few good startups to help solve some sticky technology problems and create more compelling shopping experiences. The worldโs largest retailer is hosting an open call, inviting startups to its Bentonville, Ark. headquarters to pitch to top executives. The program is being led by Wal-Martโs Labโฆ
Don and Jin Sook Chang, the billionaire owners of Forever 21, seemed to have it all in recent years โ a happy marriage and one of the hottest retail chains in the country. Now both may be on the rocks. The fast-fashion retailer, which for years was busy opening ever-larger stores around the globe, is late payingโฆ
Cabelaโs will pay $1 million to the U.S. Securities and Exchange Commission to settle claims that the Sidney, Nebraska, retailerโs chief financial officer, Ralph Castner, misled investors regarding the companyโs profitability ratios in 2012. The SEC alleged that Cabelaโs failed to eliminate from its financial statements an intercompany โfeeโ that Worldโs Foremost Bank, the retailerโs whollyโฆ
Amazon illegally billed parents around the US for allowing their children to make in-app purchases without their knowledge or permission, a federal judge ruled on Tuesday. The judge decided in favor of the Federal Trade Commission, agreeing with its complaint that Amazon surprised consumers with charges because it failed to sufficiently inform them that gamesโฆ
With no relief in sight from its chronic sales declines, Gap Inc will need to close a lot more namesake stores on top of the dramatic shrinking of its fleet in recent years, according to a Wall Street analyst. Earlier this month, the company reported comparable sales fell 3 percent in March, the 23rd month withoutโฆ
Wednesday was Ed Crenshaw's last day on the job as CEO of the largest employee-owned grocery chain in the United States. And everyone wanted a picture with him. Dozens of Publix employees cheered and applauded Crenshaw as he walked up to greet them at Calvary Chapel in Fort Lauderdale, where about 150 employees volunteered to unload trucksโฆ