From online to mall time: Warby Parker to open first Denver store this weekend
After opening its first Colorado store in Boulder last year, online-born prescription-eyewear retailer Warby Parker is graduating to a second location in the state, this one in Denver.
The new store opens Saturday in the Cherry Creek Shopping Center, 3000 E. First Ave. A third location is headed to Lower Downtown’s Dairy Block later this year, although a date has not been announced.
Warby Parker started in 2010 exclusively as an e-commerce company, relying on in-house designers and direct sales to customers to keep the costs of its stylish frames and prescription eyeglasses and sunglasses lower than its brick-and-mortar competitors. In recent years, Warby Parker has embraced traditional stores, opening more than 60 locations in the U.S. and Canada. Denver had been on the company’s wish list, according to co-founder and co-CEO Neil Blumenthal.
The Denver-specific sunglasses Warby Parker will be selling only at its Cherry Creek Shopping Center store. The frames are Warby’s Downing Lar..
Wells Fargo meeting: Shareholders OK pay raises, directors; CEO spars with Twin Cities man
Wells Fargo & Co. held its annual shareholders meeting in Des Moines, Iowa, on Tuesday — and dull is not the word to describe it.
The San Francisco-based bank came under fire Tuesday in light of its ongoing scandals, wherein 3.5 million accounts were created without customers' knowledge and auto-lending and wealth-management customers experienced abuses. Wells Fargo (NYSE: WFC) has entered into consent orders with the Federal Reserve System and, most recently, the Office of the Comptroller of…
BB&T CEO addresses the system outage that hit the bank in February
A system outage that caused many of BB&T Corp.'s banking services to be unavailable to customers earlier this year was caused by an equipment malfunction, said CEO Kelly King during a conference call with analysts.
The outage, which hit in February, caused services, such as digital banking, ATMs and mobile apps, to go offline. The hiccup occurred on a Thursday afternoon and was mostly fixed by the next day, King said.
“It took a little bit longer for some of the wrinkle to work out but it was…
Heat turned up as ‘death knell tolls for Wells Fargo’
California Treasurer John Chiang held a press conference in San Francisco Monday to once again call on Wells Fargo CEO Tim Sloan to step down, foreshadowing the showdown expected between Chiang and the bank's management at the bank's annual meeting in Des Moines, Iowa, this week.
San Francisco startup’s founders pony up $20 million to square off against Square
The increased competition among Square, Clover and startup SpotOn is good news for the nation’s small businesses, who are being heavily courted by all three.
JPMorgan Chase vows a regional expansion. Does an acquisition make sense?
The megabank has pledged 70 branches and $4.5 billion in lending in five years. Experts take a look at how it could accomplish that.
Ex-loan officer gets probation in scheme tied to Shaun Hayes
Timothy Murphy, a protégé of Shaun Hayes who pleaded guilty to participating in a scheme tied to the disgraced ex-banker, was sentenced Tuesday to five years' probation.
One of Tampa Bay’s biggest banks expands into Atlanta with $360M deal
CenterState Bank Corp. has agreed to buy Charter Financial Corp. in Georgia in a cash and stock deal valued at $360.1 million.
The deal gives CenterState (NASDAQ: CSFL), based in Winter Haven, its first entry in commercial banking in the Georgia and Alabama markets, including Atlanta, where Charter Financial’s CharterBank has nearly a dozen branch offices.
CenterState CEO John Corbett said as recently as February that he viewed Atlanta as a logical expansion market for the bank.
CenterState…
GE CEO seeks to shift power away from Boston HQ to business units
General Electric Co. CEO John Flannery has big changes in mind for the way the company operates, including shifting more of GE’s decision-making responsibility from its Boston headquarters to individual business units, he said Friday.
Flannery outlined his vision for a new operational system for GE (NYSE: GE) during its first-quarter earnings call. GE’s earnings topped estimates, sending its share price up by 4.65 percent Friday and giving the company a jolt of good news in a year that has been…
Supervalu to sell and lease back handful of distribution centers, seek sale of Shop ‘N Save retail operations
Supervalu Inc. is selling and leasing back a handful of its distribution centers, and it intends to sell off its Shop 'N Save and Shop ‘N Save East retail operations.
Eden Prairie-based Supervalu (NYSE: SVU) announced Tuesday that it entered into an agreement to sell eight of its distribution centers, representing 5.8 million square feet, to an undisclosed buyer for $483 million. When the deal closes, Supervalu will enter into lease agreements for each facility for 20 years with renewal options.…