Clinton

New York -- The Wet Seal Inc. encouraged its shareholders on Wednesday to reject efforts by its third-largest investor, Clinton Group, to gain control of the board, Reuters reported. The company's board has eight seats, of which one is vacant. Clinton,...

New York -- Wet Seal Inc. sent a letter to its shareholders saying activist investor Clinton Group is looking to replace most of the retailer's board with its own nominees, Reuters reported. Wet Seal urged its shareholders to reject Clinton's...

Foothill Ranch, Calif. -- As part of its push toward forcing Wet Seal to put itself up for sale, investor Clinton Group on Thursday named its own slate of board candidates to replace the existing members. Clinton’s candidates include former United...

The retail industry in general may not be so keen on the new Affordable Care Act, but the nation's largest retailer has come out in support of a Democratic proposal to control spending. Walmart stores is endorsing a new plan, co-authored by former Obama and Clinton administration officials that would slow healthcare spending and keep it in line with wage growth. Read more from the Reuters report here . read more

Problem: Woodland Hills Wine Co., a multichannel seller of vintage wines and spirits, lacked a sophisticated e-commerce site to complement its retail store. Solution: Redesigned and relaunched its "antique" website. Results: In the first six months of business following the site's relaunch, online transactions increased 11.4 percent. In the first half of 2009, online visits were up 39.8 percent, with conversion rates 1.5 percent greater than the same time last year.