Matt Townsend

Under Armour Inc. investors approved the creation of a new class of shares that don’t have voting rights, which will maintain founder and Chief Executive Officer Kevin Plank’s control of the sporting-goods maker.

American Apparel Inc. plunged 37 percent after posting a wider second-quarter loss and saying that it’s in talks with lenders to avoid defaulting on its credit line.

Procter & Gamble Co.’s David Taylor, named to the chief executive officer job on Tuesday, won’t have an easy time completing the turnaround effort of his predecessor.

After almost three years in development, the retail industry’s answer to Apple Pay is finally getting off the ground.

Marvin Ellison, J.C. Penney Co.’s next leader, laid out his plans for how the chain can thrive again, a vision that includes cutting supply-chain costs, improving customer service and better connecting stores to the Web.

Toy-company investors joined millions of little girls in cheering the news that Walt Disney Co. is working on a sequel to its smash hit “Frozen.”

Geoffrey Greenberg never thought the West Coast ports’ traffic jam would get this bad.

Hasbro Inc. accomplished a rare feat last year by taking its 45-year-old Nerf brand, long a favorite of boys, and successfully drawing in girls.

Paula Schneider, American Apparel Inc.’s new chief executive officer, wants the brand to be as provocative as it was under expelled founder Dov Charney. Just with less skin.

Home Depot Inc. U.S. Retail President Craig Menear will succeed Frank Blake as chief executive officer in about two months, giving the chain a new leader as it navigates a slowing housing rebound.

American Apparel Inc.’s largest outside investor said he expects Chief Executive Officer Dov Charney to fight the company over his firing, which may be the prelude to a sale of the clothing maker.

Cabbage Patch Kids are getting a 2014 makeover, with help from Skechers USA Inc.

Wal-Mart Stores Inc. is betting on career insider Doug McMillon, who learned the business from founder Sam Walton, to revive a company struggling with slowing growth at home and in the international regions he oversaw.

Under Armour Inc., founded by a football jock, has long lured hardcore athletes, mostly men.