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July 17, 2015 at 1:49 pm
FAO Schwarz on New York City's Fifth Avenue can no longer make adults into kids again. The iconic toy store near the southeast corner of Central Park closed its toy soldier-guarded doors Wednesday. Owner Toys"R"Us had previously announced the closure due to rising rental costs. The company says it will move the store — and…
July 16, 2015 at 3:21 pm
So much for Black Friday. Amazon released a statement Wednesday afternoon — about 14 hours after the launch of its "Prime Day" — saying the 24-hour mega-sale, by at least one measure, had surpassed last year's big day of holiday shopping. "Prime Day peak order rates have already surpassed 2014 Black Friday," Amazon said, adding…
July 16, 2015 at 3:03 pm
Tory Burch has been awarded $41.2 million after winning a trademark infringement lawsuit against Lin & J International Inc., who the designer successfully proved had copied her trademarks and designs. The judgement, which was made by the US District Court on Friday, draws a line under a battle between the two brands that started in 2013…
July 16, 2015 at 2:53 pm
Amazon Prime Day, marking the site's 20th birthday, arrived with much fanfare, but it seems like no one's in the mood to party. Making bold claims that it would surpass Black Friday in scope, the e-commerce giant told customers they should literally set their alarms to wake up at midnight for hot deals only available to…
July 16, 2015 at 2:37 pm
Facebook wants to be more than a place to socialize, share, and discover content. It wants you to shop inside it as well. The company is building out shops within Facebook Pages, essentially mini e-commerce sites that give businesses a chance to set up second homes within its walls. The shops are still in the…
July 15, 2015 at 3:20 pm
Amazon.com is taking an interesting approach to its birthday this year. The company is throwing itself a party where all its Prime customers get the gifts. Amazon Prime Day is slated for July 15, “a one-day shopping event with more deals than Black Friday,” held ostensibly to celebrate the company’s success over its 20-year existence.…
July 15, 2015 at 3:12 pm
A Massachusetts woman filed a class-action lawsuit Tuesday accusing Wal-Mart of wrongly denying employee benefits for same-sex spouses. Jacqueline Cote says Wal-Mart repeatedly denied medical insurance for her wife before 2014, when the retail giant started offering benefits for same-sex spouses. The couple incurred at least $150,000 in medical costs after Cote's wife, Dee Smithson,…
July 15, 2015 at 3:06 pm
As eBay prepares for life without its faster-growing PayPal business, the e-commerce pioneer’s future seems uncertain. Incoming Chief Executive Devin Wenig hopes a return to eBay’s roots will be the path to its revival. Until investors are confident in his plans, however, it will be a drama worth watching after PayPal is officially spun off…
July 15, 2015 at 2:55 pm
Guess has named fashion industry veteran Victor Herrero as CEO of the clothing and accessories company, ending an era of family leadership. Guess was established in 1981 by the Marciano brothers. Paul Marciano, its current CEO, will replace his brother Maurice Marciano as executive chairman of the board. He'll keep his title as chief creative…
July 15, 2015 at 2:46 pm
Sears Holdings said Tuesday that Joelle Maher has joined the company as president and chief member officer of its Sears stores. Maher, 48, was most recently chief operating officer of Gymboree, a children's clothing retailer. In the newly created role, she will oversee the operation of Sears retail stores and develop strategies to improve the…
