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November 6, 2015 at 11:58 am
The Balmain for H&M collection sold out within hours at many stores across the country. Video posted to Instagram showed shoppers running through an H&M store to buy sought-after pieces from the much-anticipated collaboration with the luxury brand. It even caused a stampede at the doors of another store, according to footage, which showed shoppers…
November 6, 2015 at 11:52 am
Shareholders of Charlotte-based Belk on Wednesday approved the sale of the company to New York private equity firm Sycamore Partners, one of the last steps needed to end family control of the department store chain. The $3 billion deal announced in August has passed all required regulatory approvals, Belk said in a statement Wednesday. It's…
November 6, 2015 at 11:42 am
In recent years, you’ve no doubt noticed a change to the rhythm of the holiday shopping season. Big-box retailers are starting their major holiday sales not on Black Friday, but on Thanksgiving Day — and are often offering other seasonal deals days or even weeks earlier. The fastest growing online shopping day of the season…
November 5, 2015 at 12:44 pm
Lumber Liquidators named a new CEO as it continues to struggle with sales in the wake of allegations that imported Chinese-made laminate flooring contained high levels of the carcinogen formaldehyde. The Toano, Virginia-based company suspended the sale of all such products made in China this spring, but the CEO Robert Lynch resigned in May. He…
November 5, 2015 at 12:30 pm
City Sports, the Boston-based sporting goods retailer, has been purchased by a company who plans to shutter the chain’s remaining locations and sell off its assets, The Boston Globe reported. The company, which opened its first store in Boston in 1983, filed for bankruptcy in October and closed eight of its 26 stores, hoping to sell…
November 5, 2015 at 12:23 pm
L.L.Bean has gone outside its ranks for the first time to pick a chief executive, on Tuesday naming veteran retailer Stephen Smith to lead the 103-year-old company. And Smith, 45, who starts in early January, said he already feels the pressure. Until now, the Freeport, Maine, retailer has always filled the top job from within the company…
November 5, 2015 at 11:41 am
Target is closing the doors to 13 of its stores. On Wednesday, Target confirmed that the locations across the U.S. would be closing by Jan. 31, 2016. A Target spokesperson said "the decision to close a Target store is not made lightly." She added that before the company decides to make a closure, a store's…
November 5, 2015 at 11:11 am
Pinterest started adding a buy button to pins back in June, and today those buyable pins are becoming even easier to shop. First, buyable pins are rolling out to Android, so they're now available on both of Pinterest's mobile apps. But the bigger news is that Pinterest is also making buyable pins much simpler to…
November 4, 2015 at 12:33 pm
Amazon.com has boosted its maternity benefit to up to 20 weeks of paid leave for new birth mothers, joining a growing number of tech companies expanding benefits to retain hard-to-find technical talent. The company sent an internal email Monday outlining the changes, which take effect Jan. 1 and apply to babies born or adopted since Oct.…
November 4, 2015 at 11:39 am
While Charles Butt and his family will remain in place as the primary owners of grocery powerhouse H-E-B, the family plans to reward 55,000 employees with a stock grant on Jan. 1, with a goal of building that up to a 15 percent stake in the company.
