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Stein Mart announced Tuesday that it named Dawn Robertson as its new CEO. Robertson is replacing Jay Stein, who was the founder and longtime CEO of the company. Stein told the Stein Mart board of directors he wanted a reduced role in the company, but would remain as chairman of the board, a company news release…

Avon Products Inc., which split off its North American operations earlier this month, plans to eliminate about 2,500 jobs and shift its headquarters to the U.K. in a cost-cutting move. The shake-up will generate one-time expenses of about $60 million in the first quarter from severance and other costs, the New York-based cosmetics company said in…

If Snapchat made a gadget, what would it be? That's not a rhetorical question. The social media startup, currently valued at $16 billion, is recruiting hardware experts for a stealthy new project. Snapchat now counts nearly a dozen wearable technology vets among its ranks, as well as industrial designers who worked on Nokia phones and Logitech's popular…

Retail sales dipped last month on tumbling gasoline prices while January's total was revised down sharply in a sign that consumption has been less robust than believed so far this year. Consumer purchases dipped 0.1 percent in February, the Commerce Department said Tuesday. Economists expected a 0.2 percent drop. Excluding volatile autos and gasoline, retail sales increased…

Nordstrom has laid off more than a hundred staffers in its technology operations as the company steps off the investment pedal in the midst of a surprisingly tough retail environment. A person familiar with the company said 120 employees were laid off last week from the company’s tech department. The move comes in the wake of…

Staples wants more data from Amazon.com as it prepares to fight the Federal Trade Commission over the federal regulator's challenge of its $6.3 billion merger with Office Depot. Staples filed a motion on March 10 asking a U.S. District Court in Washington D.C. to compel Amazon to produce more documents and data. A subpoena served earlier…

The Fresh Market has agreed to be acquired by an affiliate of private equity firm Apollo Global Management for $1.36 billion, the companies said on Monday. Under the terms of the deal, Apollo-affiliated funds will pay $28.50 per share in cash for the grocer, which represents a 24 percent premium over Friday’s closing price and a 53 percent premium from before…

Ulta Beauty's hot streak continues. The beauty retailer, which has been on a tear since CEO Mary Dillon took over in 2013, says it will continue its expansion in 2016. In its fourth-quarter earnings announcement last week, Ulta said it would add 100 stores in 2016. The continued expansion is part of a five-year plan to…

Drugstore giant CVS Health and its foundation plan to spend $50 million over five years to bolster anti-smoking efforts with a particular emphasis on young people. The company on Thursday announced plans to fund Be The First, a campaign that draws its colloquial inspiration from a goal to form the first generation of Americans to spurn tobacco.

To find True Religion Brand Jeans’ next tech innovation, look no further than its brick-and-mortar stores. The denim brand’s initiative, called Band by True Religion, is scheduled to be rolled out in its stores in Los Angeles’ Beverly Center mall and New York City’s SoHo neighborhood in April. Some sales staff will be equipped with…