retailer

Amazon Discounting Items from Third Party Sellers

Amazon Discounting Items from Third Party Sellers

Amazon.com, Inc. (NASDAQ:AMZN) is reducing the price of products sold by third party sellers to increase sales for this holiday season. The retailer is offering up to a 9% discount on top of their Black Friday Deals Store where shoppers can pur..

Ralph Lauren’s Profit Beat Forecasts

Ralph Lauren’s Profit Beat Forecasts

On Thursday, Ralph Lauren (NYSE: RL) reported quarterly revenue and profit that beat Wall Street predictions following sales of their high end clothing at full price as well as keeping a close eye on costs which brought shares up more than 5%. The c..

Paypal Announces Venmo Now Accepted at Millions of Retailers

Paypal Announces Venmo Now Accepted at Millions of Retailers

On Tuesday, Paypal Holdings Inc (NASDAQ: PYPL) announced that Venmo, its mobile payment service, is now accepted at over two million U.S. retailers, allowing Venmo users to shop at locations where Paypal is also accepted. Retailers include Lululemon..

L Brands Lowers Full Year Guidance, Shares Fall 10%

L Brands Lowers Full Year Guidance, Shares Fall 10%

Shares of L Brands (NYSE: LB), the parent company of Victoria’s Secret and Bath & Body Works, fell nearly 10 percent to $35.24 on Thursday after the company lowered its guidance for the year.Despite reporting second quarter earnings o..

Michael Kors buys Jimmy Choo for $1.2 Billion

Michael Kors buys Jimmy Choo for $1.2 Billion

According to Reuters, U.S. retailer Michael Kors Holding Ltd (NYSE: KORS) agreed to buy luxury shoemaker Jimmy Choo PLC for $1.2 billion, snapping up a British company whose towering stilettos have been made famous by celebrity customers f..

U.K. Bans Credit Card Surcharges

U.K. Bans Credit Card Surcharges

On Wednesday, the U.K.’s Treasury Ministry announced that British retailers will be forbidden from forcing customers to pay surcharges when they pay for a transaction using a credit card. British consumers tend to face up to 20 percent of surc..

Gymboree Announced to Close 350 Stores Nationwide

Gymboree Announced to Close 350 Stores Nationwide

This week, the Gymboree Corporation (NASDAQ: GYMB), a children’s clothing retailer, announced that it will close 350 stores as part of its previously announced restructuring.The company filed for Chapter 11 bankruptcy protection in June. Curre..