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May 21, 2015 at 4:04 pm
A month after facing criticism over its handling of a designer collaboration, Target has apparently handed down a directive regarding resellers. It's the latest retailer to crack down on eBay and Amazon.com sellers who use retail stores to source inventory in what's known as retail arbitrage. On April 19, Target launched "Lilly Pulitzer for Target,"…
May 21, 2015 at 3:59 pm
Lumber Liquidators, the embattled hardwood flooring retailer, said Thursday CEO Robert Lynch "unexpectedly" resigned, following weeks of struggles stemming from safety concerns related to its products. The Toano, Va.-based company will search nationally for a replacement, it said. Company founder Thomas Sullivan will serve as acting CEO. Lynch also stepped down from the company's board…
May 21, 2015 at 3:52 pm
Nate Waits wakes up before 3 a.m. four days a week to get to his job at a Bentonville, Ark. distribution center for Wal-Mart Stores Inc., where the former Marine is among more than 92,000 veterans the company has hired in the past two years. As the two-year anniversary approaches of the Veterans Welcome Home…
May 21, 2015 at 3:41 pm
Kohl’s is about to try its hand at “off price” retail, becoming the latest retail chain to open an outlet store to lift sales and profits. The department store will open a single 30,000 square-foot store in Cherry Hill, N.J., near Philadelphia, in June that will be stocked with “like new” clothes, accessories and home…
May 21, 2015 at 3:20 pm
CVS Health Corp. agreed to acquire nursing-home pharmacy Omnicare Inc. in a deal valued at $12.7 billion, adding services for the elderly to bolster its position as the biggest U.S. retailer of prescription drugs. CVS will pay $98 per share in cash, the companies said in a statement on Thursday. Omnicare, with a market value…
May 20, 2015 at 5:35 pm
Despite an overall lackluster retail environment, Target Corp. reported a 52 percent increase in first-quarter profit, helped by operating improvements and an easy comparison to last year’s difficulties. The Minneapolis-based retailer beat analysts’ and its own expectations with a profit of $635 million in the quarter ended May 2, up from $418 million a year…
May 20, 2015 at 5:20 pm
In a move at the limits of commercial technology, beauty business L’Oreal USA is pushing to 3-D print skin. The work has huge implications. Most obviously, it will enable L’Oreal to lab test the safety and performance of cosmetic products on 3-D bio printed skin. The result will be much more affordable, quickly and easily…
May 20, 2015 at 5:13 pm
Nordstrom is launching another innovative omnichannel capability to make shopping even easier for its tech-savvy customers. The company says it's launched a shopping-via-text service called TextStyle at all of its 116 U.S. stores. The company says TextStyle is a seamless, secure way for customers to make curated purchases from their salesperson or personal stylist using…
May 20, 2015 at 5:00 pm
A federal judge has certified a class-action lawsuit that accuses J.C. Penney of marking up retail prices on apparel and accessories to trick shoppers into believing they were getting good deals when the items went on sale. In a decision on Monday, U.S. District Judge Fernando Olguin in Los Angeles said it was possible "in…
May 19, 2015 at 4:18 pm
After facing a volley of lawsuits from Dov Charney and his allies, American Apparel is firing back by accusing its ousted chief executive of running a "scorched earth campaign" as he tries to regain control of the company. The Los Angeles clothing maker said Charney is violating the terms of a deal that he agreed…
