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December 10, 2015 at 10:45 am
Even after the Internal Revenue Service refused in September to grant its blessing to Yahoo’s proposed tax-free spinoff of its $32 billion stake in the Chinese e-commerce giant Alibaba, Marissa Mayer was determined to go forward with the deal. In late October, Ms. Mayer, Yahoo’s chief executive, told shareholders that the plan was on track,…
December 10, 2015 at 10:40 am
Wal-Mart Stores Inc said it would launch "Wal-Mart Pay," becoming the first U.S. retailer to offer its own payment feature. Wal-Mart Pay will expand consumer payment options and increase the speed of checkouts, and will be introduced in select U.S. stores on Thursday and in additional stores after the holiday season, Wal-Mart executives said on…
December 10, 2015 at 10:31 am
Lane Bryant considers itself “the most recognized name in plus-size clothing” and says its clothing isn’t just about size, it’s about the fashion and how it fits, according to its website. The fashion retailer has been around for decades. So when Brian Beitler, its chief marketing officer, along with Refinery 29 held a live Twitter…
December 10, 2015 at 10:23 am
Four U.S. retailers agreed to pay $1.3 million of fines to settle U.S. civil charges that they deceived consumers by falsely labeling and advertising textile products as containing bamboo, when they were actually made from rayon. Bed Bath & Beyond will pay $500,000, Nordstrom will pay $360,000, J.C. Penney will pay $290,000 and outdoor gear…
December 9, 2015 at 11:13 am
eBay sellers should be on the lookout for Good 'Til Cancelled credits on their statements thanks to a lawsuit filed in 2011. Did eBay deliberately trick customers into paying recurring fees for its "Good 'Til Cancelled" listings, which automatically renew every 30 days until the seller cancels the listing or the item is sold? That…
December 9, 2015 at 11:06 am
Donald Trump's tweetstorms directed at media organizations have become commonplace in the 2016 presidential race. Seemingly out of the blue, The Donald takes to Twitter to bash his chosen media opponent of the day. He sends an eruption of tweets, then goes silent. On Monday, Trump's ire was directed at The Washington Post and, more specifically,…
December 9, 2015 at 10:59 am
Staples Inc. needs a Plan B as federal regulators move to block its merger with rival Office Depot Inc., analysts said Tuesday. But whatever that plan turns out to be, it won’t be as simple as pressing the big, red “Easy” button that once dominated Staples’ advertising. Staples’ next step — assuming its challenge to…
December 9, 2015 at 10:55 am
Douglas Tompkins, a noted conservationist and the founder of the clothing brands North Face and Esprit, died on Tuesday after a kayaking accident on General Carrera Lake in the Patagonia region of southern Chile. He was 72. A lifelong outdoorsman, Mr. Tompkins made his fortune in retailing, but would later shun the business world to pursue…
December 9, 2015 at 10:44 am
Scaling an e-commerce business can be rough. Just ask Indochino’s Kyle Vucko. On Tuesday, the Vancouver-based company, which sells customized suits online, announced that it had replaced Vucko, its 29-year-old co-founder and CEO, with Canadian entrepreneur Drew Green in an effort to further its push into offline retail. The move comes after a year of…
December 8, 2015 at 10:33 am
Carl C. Icahn, unhappy with Pep Boys’ decision to sell itself to Bridgestone, the tire company, is fighting back with his own takeover offer. Mr. Icahn, the billionaire investor, disclosed on Monday that he had offered to buy Pep Boys, the car parts retailer, for $15.50 a share in cash, topping the $15 a share…
