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October 5, 2015 at 11:21 am
American Apparel, the one-time arbiter of edgy made-in-America cool, filed for bankruptcy protection early Monday, its business crippled by huge debts, a precipitous fall in sales, employee strife and a drawn-out legal battle with the retailer’s ousted founder, Dov Charney. The Chapter 11 petition, approved by the board, was filed in federal bankruptcy court in Delaware.…
October 5, 2015 at 11:14 am
Tech pureplay retailer Newegg was taken down by hackers last week as part of an extortion attempt. Visitors to the site began to notice problems early last Thursday evening, reporting an inability to access the site via Twitter. Newegg shortly thereafter acknowledged the issues, and staff were able to put up resistance, but problems continued for…
October 2, 2015 at 11:33 am
Luxury emporium Neiman Marcus became the latest retailer to cut jobs, laying off 500 corporate and support employees on Thursday. The cuts, first reported by The Dallas Morning News and confirmed by a Neiman spokeswoman, include 157 jobs in Dallas, the hometown of Neiman Marcus, which recently filed paperwork to once again be listed on the…
October 2, 2015 at 11:27 am
When Congress designed temporary work visa programs, the idea was to bring in foreigners with specialized, hard-to-find skills who would help American companies grow, creating jobs to expand the economy. Now, though, some companies are bringing in workers on those visas to help move jobs out of the country. For four weeks this spring, a young…
October 2, 2015 at 11:16 am
bebe stores said Thursday that it will cut more than 50 jobs in the design, merchandising and production areas, as part of a workforce reorganization being implemented as a result of the company's focus on more streamlined lifestyle assortments and increased efficiencies across business functions. The company expects pre-tax costs associated with the move to…
October 2, 2015 at 11:03 am
The Home Depot has agreed to pay more than $83,000 to 46 women who claimed they were denied higher-paying sales jobs that went to men while they were forced to work as cashiers at a Southern California store. The U.S. Department of Labor said Thursday that The Home Depot didn't admit liability in the discrimination case…
October 2, 2015 at 10:51 am
Staples is taking a stance against a growing holiday shopping trend and will be closed on Thanksgiving this year, the company said Thursday. The retailer has been open on Thanksgiving the past two years, but this year it says customers and employees should have the chance to stay home with family and friends. Instead, Staples will…
October 2, 2015 at 10:41 am
J.C. Penney on Friday said it's cut its $5 billion pension obligation by more than 25 percent completing a lump-sum offer to 12,000 retirees and buying annuities for 43,000 retirees. No changes were made to pension plan benefits to active employees. Penney closed the plan to new hires in 2007. Most large U.S. companies only offer…
October 1, 2015 at 11:15 am
Which top retailer has the lowest prices? Online sellers know how competitive the Amazon.com marketplace is, but they may be wondering how it compares to other sites on pricing and product assortment. A new report from Boomerang Commerce takes a look and finds that Amazon wins on scores in the consumer electronics category and, surprisingly, Wal-Mart…
October 1, 2015 at 11:04 am
Customers will now be able to do much more than just pick up prescriptions at Walgreens locations nationwide. Western Union announced the launch of its bill payment services at the nation’s largest drugstore chain yesterday, allowing customers to make payments to 15,000 billers across the U.S. and abroad.
