Finance

09/19/2014 - 4:08pm

A $400 million loan Eddie Lampert, the CEO and largest shareholder of Sears Holdings Corp., is making to Sears this month reportedly is only enough to last the struggling retailer for three months.

09/19/2014 - 12:37pm

Brown Shoe Company has invested $9 million in Jack Erwin, an online men’s shoe brand that launched last year.

09/19/2014 - 12:33pm

The U.S. payments market is getting a new player: Klarna, a Swedish e-commerce company focused on simplifying buying, plans to expand to the U.S. market in early 2015.

09/19/2014 - 11:02am

Home Depot Inc. confirmed that some 56 million payment cards were likely compromised in a data breach that went undetected for five months.

09/18/2014 - 5:15pm

Nearly one-quarter (24%) of retailers expect a significant increase (5% or more) in year-over-year sales during the 2014 holiday season, while another 70% are predicting sales will be on par with the 2013 season, according to a survey by global management consultancy Hay Group.

09/18/2014 - 11:09am

The nation’s three largest off-price retailers (TJX, Ross Stores and Burlington) will see above-average growth, in the 6%-8% range, over the next five years, compared with 4% growth for the broader retail industry, according to a new report by Moody's Investors Service.

09/18/2014 - 10:49am

Costco Wholesale Corp will stop accepting American Express cards at its stores in Canada, effective January 1, 2015.

09/18/2014 - 10:47am

Rite Aid Corp. reported better-than-expected profit and sales for the second quarter.

09/17/2014 - 5:22pm

Timberland detailed its plan to grow revenues by $1.4 billion during the next five years at an investor meeting at the company’s headquarters in Stratham, New Hampshire.