aggregatedcontent

Yahoo to Keep Alibaba Stake but Spin Off Core Businesses
December 10, 2015 at 10:45 am

Even after the Internal Revenue Service refused in September to grant its blessing to Yahooโ€™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, Yahooโ€™s chief executive, told shareholders that the plan was on track,โ€ฆ

Wal-Mart Enters Mobile Payment Space With Launch of Wal-Mart Pay
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 onโ€ฆ

Plus-Size Retailer Lane Bryantโ€™s Twitter Q&A Went Downhill Fast
December 10, 2015 at 10:31 am

Lane Bryant considers itself โ€œthe most recognized name in plus-size clothingโ€ and says its clothing isnโ€™t just about size, itโ€™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 Twitterโ€ฆ

Bed Bath & Beyond, Others Settle US False Labeling Charges
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 gearโ€ฆ

eBay Gives Credits to Sellers to Settle Lawsuit
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? Thatโ€ฆ

Jeff Bezos, Donald Trump Spar on Twitter
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,โ€ฆ

As Office Depot Merger Falters, Staplesโ€™ Next Step Wonโ€™t Be Easy
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 wonโ€™t be as simple as pressing the big, red โ€œEasyโ€ button that once dominated Staplesโ€™ advertising. Staplesโ€™ next step โ€” assuming its challenge toโ€ฆ

North Face Founder Dies in Kayaking Accident
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 pursueโ€ฆ

Indochino's Founding CEO Steps Down As Company Pushes Into Offline Retail
December 9, 2015 at 10:44 am

Scaling an e-commerce business can be rough. Just ask Indochinoโ€™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 ofโ€ฆ

Carl Icahn Makes Counterbid for Pep Boys
December 8, 2015 at 10:33 am

Carl C. Icahn, unhappy with Pep Boysโ€™ 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 shareโ€ฆ