Category: Retail & Ecommerce

FILE PHOTO: The H&M clothing store is seen in Times Square, New York, Nov. 15 2019. REUTERS/Mike Segar/File Photo STOCKHOLM/FRANKFURT (Reuters) – Fashion retailer H&M (HMb.ST) said on Saturday that data security breaches found at its German unit were unacceptable and it was cooperating with the local data protection supervisory authority in its investigation into the matter. “The local team... Read More

WASHINGTON (Reuters) – Long accused of being too soft, a U.S. bank regulator has surprised its critics with tough treatment of scandal-ridden lender Wells Fargo (WFC.N), culminating on Thursday in more than$58 million in fines against eight former executives at the bank. FILE PHOTO: A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith... Read More

FILE PHOTO: A man passes in front a “bodegon” named “Mini Walmart” in Puerto Cabello, Venezuela December 10, 2019. Picture taken December 10, 2019. REUTERS/Manaure Quintero (Reuters) – Walmart Inc (WMT.N) is testing a higher starting wage for certain newly created jobs in about 500 U.S. stores, as it looks to improve in-store experience for customers amid intense competition. The... Read More

FILE PHOTO: An American Express credit card is seen on a computer keyboard in this picture illustration taken September 6, 2017. REUTERS/Philippe Wojazer/Illustration (Reuters) – Credit card issuer American Express Co (AXP.N) reported a fourth-quarter profit on Friday that beat analysts’ estimates, as more people used its cards for shopping and paying bills while a strong U.S. retail sales environment... Read More

WASHINGTON (Reuters) – Wells Fargo & Co’s U.S. regulator on Thursday announced it had banned former Chief Executive John Stumpf from the banking industry and charged him and seven other former executives combined more than $58 million in civil penalties for their roles in the bank’s multi-year sales practices scandal. FILE PHOTO: Wells Fargo CEO John Stumpf testifies before a... Read More

WASHINGTON (Reuters) – Wells Fargo & Co’s (WFC.N) regulator on Thursday announced it had brought civil charges against eight former executives, including former Chief Executive Officer John Stumpf, marking the first federal action against individuals for their role in the bank’s three-year sales practices scandal. FILE PHOTO: Wells Fargo CEO John Stumpf testifies before a Senate Banking Committee hearing on... Read More

WASHINGTON (Reuters) – Wells Fargo & Co’s (WFC.N) regulator on Thursday announced it had brought civil charges against eight former executives, including former Chief Executive Officer John Stumpf, marking the first federal action against individuals for their role in the bank’s sales practices scandal. FILE PHOTO: Wells Fargo CEO John Stumpf testifies before a Senate Banking Committee hearing on the... Read More