Will Flat Holiday Sales Sink JC Penney and Sears?
Without a rising tide in retail sales, damaged retailers like Sears and J.C. Penney could lose out to e-commerce powerhouses like Amazon.com.
Without a rising tide in retail sales, damaged retailers like Sears and J.C. Penney could lose out to e-commerce powerhouses like Amazon.com.
While most of the large brick-and-mortar companies have said they will add tens of thousands of jobs for the holiday season, e-commerce giant Amazon.com will add 100,000.
Bad for the print book industry, and probably bad for makers of electronic book devices: fewer and fewer Americans are reading books.
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Wal-Mart's growth in both revenue and earnings has ended, and management can hold back the tide briefly, but only briefly.
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The holiday season will be modest this year for most of the retail industry. For J.C. Penney and Sears, will modest be enough?
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