Americans who have benefited from the Affordable Care Act are feeling some relief at the failure of Republican efforts to repeal it, but they face new anxieties with President Donald Trump tweeting that "ObamaCare will explode."Read More »
Change is hard, but when it comes in the form of a new parent company taking control of a beloved brand, it can be downright ugly — especially where devout customers are involved. Case in point: online discount site Jet.com, through its parent company Wal-Mart WMT, -0.36% recently bought ModCloth, the online women’s clothing and accessories retailer with a vintage flair. ModCloth’s customers are not happy, and took to Twitter to share their dismay after the acquisition, saying they’ll no longer shop there and going so far as to share retail alternatives. For some customers, it might seem an odd match. Wal-Mart ranks among the lowest of department and discount stores in terms of customer satisfaction,
Walmart is getting into aspirational retail — and it says a lot about the American economy. In recent months, Walmart has purchased several trendy, online retailers, including the hip fashion brand ModCloth, outdoor gear retailer Moosejaw, and shoe store ShoeBuy. ModCloth's dresses can cost between $60 and $150, whereas Walmart's dresses are usually priced between $10 and $25.
Despite burning through $1.6 billion in cash last year, Sears Holdings Corp. (SHLD) is hiring. "They're hiring across the board" but particularly in electronics, Jason Hanold, CEO and founder of Chicago-based human resources executive search firm Hanold Associates told TheStreet. One position Sears could be looking to fill soon is the head of discounter Kmart. Alasdair James, president and chief member officer of Kmart since 2014, has reportedly abandoned the sinking ship. Hanold has recruited c-suite executives for the last 20 years at companies including Nike (NKE) , Home Depot (HD) and the struggling Sears. He said the last person he placed at Sears was Jim Cavner about two and a half years