JCPenney Turnaround Falters
On January 25, new JCPenney (NYSE: JCP) CEO Ron Johnson, former head of Apple’s (NASDAQ: AAPL) retail operations, unveiled his vision for the retailer’s turnaround. His “Fair and Square” price plans would…
On January 25, new JCPenney (NYSE: JCP) CEO Ron Johnson, former head of Apple’s (NASDAQ: AAPL) retail operations, unveiled his vision for the retailer’s turnaround. His “Fair and Square” price plans would…
Investors did not think much of Walmart’s fiscal fourth quarter and full years earning. Walmart’s stock fell 4% immediately after its announcement. The one exception is that US sales, which have been troubled for years,…
A new survey by Consumer Reports rated both in-store and online shopping. The poll covered responses from over 26,000 people Costco (NASDAQ: COST) ranked first, not surprising because of the reputation of…
Here we go again: the Good E-Reader blog is citing “sources close to the situation” for the story that Amazon.com (NASDAQ: AMZN) is preparing to open a bricks-and-mortar store in Seattle. The…
Target Corp. (NYSE: TGT) reported that January same-store sales rose 4.3%, more than double the 2.1% estimate from retail analysts. Total sales for the month totaled $4.61 billion, up 5.1% from January…
Bricks-and-mortar stores have been concerned for some time that their shoppers would come to their stores, find products, and then go online to get the best prices. Store, in essence, has started…
Sears Holdings Corporation (NASDAQ: SHLD) has been a disaster of a stock over the long-term, but it is off to one incredibly strong recovery in share prices in 2012. The trough to…
The press has been invited to an event at which new JP Penney (NYSE: JCP) CEO Ron Johnson will talk about what the company says is his exciting new strategy. What the invitation does…
Research In Motion (NASDAQ: RIMM) replaces its co-CEOs with the firm’s COO. (Reuters) A Reuters poll shows Japanese manufacturers have prepared for a eurozone break up. (Reuters) Apache (NYSE: APA) to buy…
Citing an inability to get “appropriate terms,” Target Corp. (NYSE: TGT) today announced that it would suspend its efforts to sell its credit card receivables until later this year. The company also…
After diving by -8.5% in one day in late December, Sears Holdings Corp. (NASDAQ: SHLD) has reversed that loss on speculation that the venerable retailer will be taken private. Sears has steadily…
Walmart (NYSE: WMT) added a new CEO to oversee its e-commerce operations. The general perception is that this business should be more competitive with Amazon.com (NASDAQ: AMZN). That will be hard to accomplish in…
TPG may invest $1 billion in troubled Olympus. (Reuters) President Obama to ask for a $1.2 trillion increase in the national debt ceiling. (Reuters) China’s foreign currency reserves drop to $3.18 trillion,…
Equities had a hard time deciding whether to follow a bull or a bear on Thursday. Retail sales were mixed, but weekly jobless claims rose unexpectedly and the fears are that the…
Target Corp. (NYSE: TGT) figures that its current $10 billion stock buyback program will end early this year, so the company has announced a new $5 billion share repurchase plan to take…