Financial

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Financial

Cash on Hand: Billions Held in Reserve

In the consumer and retail space, the list of top 50 cash hoarders included Walgreens Boots Alliance Inc., Procter & Gamble, and Wal-Mart Stores Inc.

The Children's Place

Children’s Place, Activist Group Settle Differences

Robert Mettler and second independent director to join retailer’s board.

Europe’s Markets Fall

Fashion and luxury stocks were uneven in morning trading on Friday.

Cartier

Richemont Shares Dip on Disappointing April Sales

The luxury group saw a 35.4 percent fall in net profit last year.

Baozun and Shopify Complete Their IPOs

Baozun and Shopify each had their IPO day.

Baozu

Baozun Inc. Raises $110M in IPO

The company priced its shares at $10 each Wednesday night.

Inside Stein Mart.

Profits Fall, Sales Rise at Stein Mart in Q1

Comparable sales gain of 4.8 percent includes e-commerce expansion.

Exterior of a Buckle store.

Profits Buckle at Buckle, Online Sales Soar

Buckle Inc. delivered a 10 percent profit decline on sales that fell 0.1 percent for the first quarter.

Shoppers inside Shanghai’s IAPM mall.

Currency Drives Surge in Global Tourism

Global Blue data shows a 50.1 percent gain in April — with China up, and Russia down.