Finance

08/28/2014 - 12:00pm

In what should mark the end of a six-week standoff that began July 18, Arthur T. Demoulas, who was fired by his cousin Arthur S. Demoulas as CEO of the Market Basket supermarket chain in June, has agreed to buy the company for $1.5 billion.

08/28/2014 - 11:55am

Fast-fashion competitors like H&M and Forever 21 and teens more interested in technology than clothing make these challenging times for Abercrombie & Fitch, whose second quarter revenue fell 5.8% to $890.6 million, missing Wall Street projections.

08/28/2014 - 11:52am

Charges related to the decision by Destination XL Group Inc. to exit the Sears Canada Direct business resulted in the retailer’s net loss growing to $4 million in the second quarter of fiscal 2014, from $1.6 million a year earlier.

08/28/2014 - 11:46am

Williams-Sonoma Inc. reported that its third quarter income rose 4% to $50.7 million from $48.9 million in the year-ago period, in line with forecasts.

08/28/2014 - 11:41am

Sixty-five days of performance from its new Zale division cut net income at Signet Jewelers Ltd. but boosted sales at Signet Jewelers Ltd. in the second quarter of fiscal 2015.

08/28/2014 - 11:38am

Deferred expenses related to its 2011 purchase of Scotland-based Schuh Group, as well as a change in accounting for bonus for awards, reduced net income at Genesco Inc. to $4.8 million in the second quarter of fiscal 2015, down 43% from the same quarter the previous year.

08/28/2014 - 10:37am

Dollar General Corp. reported earnings of $251.3 million for the second quarter, in line with expectations, even as its sales decelerated.

08/27/2014 - 5:09pm

Guess reported second-quarter net earnings of $22 million, a 50.5% decrease compared to adjusted net earnings of $44.3 million for the year ago period.

08/27/2014 - 1:21pm

The retail and hospitality market is entering a time of unprecedented IT growth for 2015, with overall spending expected to increase 5% over 2014 and surpass $190 billion worldwide, according to a new report by IHL, a global research and advisory firm specializing in technologies for the retail and hospitality industries.

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