aggregatedcontent
To put it indelicately, if you thought you were too good for David’s Bridal, you’re not alone. "David’s Bridal’s reputation used to be that it was the Wal-Mart of bridal," says CEO Pamela B. Wallack, sitting in a nondescript conference room at the retailer’s Conshohocken, Pennsylvania headquarters. The offices do not by any means compare…
Wal-Mart is raising starting wages for more than 100,000 U.S. department managers and workers in its deli and other specialized departments. The moves mark the next wave of wage hikes by the nation's largest private employer, which has been under pressure from labor-backed groups for the treatment of its workers. In February, it announced it…
Pier 1 Imports Inc. didn’t do much for investor confidence by returning to storewide promotions recently, just six months after its CEO vowed not to do so. Pier 1 shares lumped 5.2 percent on Monday, their second biggest daily percentage drop this year, after Wedbush analyst Seth Basham downgraded the stock to neutral from outperform.…
Lifestyle retailer Boot Barn Holdings, Inc. Monday said it has entered into a definitive agreement to acquire Sheplers, Inc., a 116-year old western lifestyle company with 25 retail locations across the U.S. and an industry-leading e-commerce business, for $147 million in cash. For the 12 months ended March 28, Sheplers had net sales of about…
The Supreme Court ruled in favor of a Muslim woman who has sued retailer Abercrombie & Fitch when the store failed to hire her because she wore a headscarf in observance of her religion. The court ruled 8-1 that the company failed to accommodate Samantha Elauf's religious needs when she was not hired on the…
The parent company of Bluestem Brands, which operates in St. Cloud, is expected to acquire a similar business called Orchard Brands Corp. Orchard announced Wednesday that it has a definitive agreement to be acquired by Capmark Financial Group Inc. for $410 million in cash. Capmark is a holding company whose businesses include Bluestem, an online…
Dollar Tree said Friday that it has agreed to sell 330 of its stores to the private equity firm Sycamore Partners in order to get regulatory approval for its $8.5 billion purchase of Family Dollar. The Chesapeake, Virginia-based company said earlier this month that it would sell the stores, but it had not disclosed the…
If you were worried about where you were going to get your zombie garden gnome, here's some relief. The company that bought the bankrupt in-flight shopping magazine SkyMall says they're bringing back the catalogs to airlines. "@Skymall is back," the company's twitter account retweeted this week, setting off a series of tweets and news coverage.…
A class action lawsuit against J.C. Penney could destroy the pricing strategies of many retailers. The same litigation could make it far more difficult for traditional retailers like J.C. Penney to compete with bulk discounters like Costco Wholesale and e-commerce specialists like Amazon.com.
Jason Goldberger, Target.com and mobile president, discusses the next phase of e-commerce and Target's big bet on supply chain infrastructure.