After 2-Year Tenure, JC Penney CEO Marvin Ellison Needs to Leave
The stocks of large, traditional retailers have been in decline for over two years. Almost none have fallen as hard as J.C. Penney Co. Inc. (NYSE: JCP) with its share price off 70% to…
All Work
Douglas A. McIntyre
Does JC Penney Need to Close More Stores?
J.C. Penney deeply injured its investors with a bleak assessment of its future. Its stock trades at a multiyear low and has fallen relentlessly for the past 10 days.
7.5% of Black Americans Remain Unemployed
One group that still suffers from unusually high, nearly recession-level joblessness, is black Americans. The jobless rate for the group was 7.5% last month.
Huawei Could Pass Apple as World’s No. 2 Smartphone Company
If Apple management looks over its shoulder, it will see someone is gaining on it. That would be Chinese smartphone company Huawei.
Are Starbucks Lines Too Long?
Starbucks did not say exactly what the cause of its lukewarm forecast was but did mention that it has developed tactics for when stores have peak traffic. Starbucks may have become a victim of…
Can Apple Sell 100 Million iPhones?
iPhone sales in the third quarter were not terribly impressive, up 3%, but that only sets the stage for the fourth quarter, which should explode because of the holidays.
6 Most Important Things in Business Today
Republicans have released one of the most sweeping tax bills in recent history, the Justice Department has plans to challenge the AT&T buyout of Time Warner, and other important headlines.
1 Million More People Cut Cords in Q3
Cable TV's greatest threat, people who cancel their cable programming subscription and watch shows via broadband, has become more menacing.
Fiat Sales Drop 33%
Fiat is barely a niche brand, based on recent sales results. Is it a viable brand in the United States?
6 Most Important Things in Business Today
Tesla posts weak earnings, Jerome Power will become the next Federal Reserve chief, the Houston Astros won the World Series, and more important headlines.
6 Most Important Things in Business Today
Bitcoin prices rallied again, labor problems may undermine Tesla's production plans, a rise in Thanksgiving holiday travel is expected, and more important headlines.
Retail Industry Won’t Be Saved by Last Minute Shoppers
As Christmas Day approaches, struggling retailers hold out hope that people who have not done holiday shopping earlier in the season will stream through their doors to improve their fortunes at the last moment.
Why Does Sears Bother to Stay Open?
In a retail market in which Sears and its direct competition are virtually being driven out of business, it is a puzzle why its stores stay open.
Sprint Cannot Succeed on Its Own
It appears that a marriage between Sprint, the number four U.S. wireless carrier, and T-Mobile, the number three carrier, is off. Sprint needed the deal to remain viable.
6 Most Important Things in Business Today
Over 125 million Americas may have seen Russian Facebook ads, Sprint merger talks with T-Mobile are off, Samsung has replaced many of its key leaders, and more important headlines.
6 Most Important Things in Business Today
"Jigsaw" was the biggest winner at last week's box office, Puerto Rico is about to kill a large energy supply deal, and more important headlines.
BMW’s $150,000 ‘Electric’ Car Sales Crater
Like every other major car company, BMW has ambitious electric car plans and aspirations. It has not offered any explanation why sales of the i8 coupe have imploded.
Americans Ready To Increase Spending As They Shop For Holidays
ThinkstockIt will be a good holiday for many retailers. The “mood” of American shoppers is excellent as the holiday season approaches, according to data from Gallup. The report does not point out how uneven…
Surge in Oil Prices Will Mean More Expensive Gasoline — and Trouble for Retailers
A 15% increase in oil prices since the end of August means gasoline prices will rise this holiday season, and with that, some businesses will be challenged.
GE Market Cap Drops Out of Top 30
GE had a market cap that made it the most valuable publicly traded company as recently as 2006. Due to the implosion of its earnings, it is no longer in the top 30.