| Jul 11, 2013
| 8:02 AM
"Modern Family's" Sofia Vergara admits she has a fondness for Hermes Birkin bags. In August's Harper's Bazaar, she says she tells her agent: “What would you prefer? Me popping champagne bottles and doing drugs and wasting money or buying bags? These...
| Dec 25, 2013
| 12:23 AM
The hottest holiday commercials this season have ditched the heartwarming, home-for-the-holidays scenes to strike a dramatically different chord.
Advertising executives have instead chosen sly humor over sentiment, as major marketers including...
| Jan 2, 2014
| 7:23 AM
Martha Stewart Living Omnimedia and Macy's announced Thursday that they had settled a lawsuit that accused Stewart’s company of violating an exclusivity agreement by selling products at rival chain J.C. Penney.
Neither MSLO nor Macy’s...
| Jan 2, 2014
| 8:53 AM
Las Vegas is no longer the gambling capitol of the world. Not by a long shot.
The tiny Chinese city of Macau reported a whopping $45 billion of gambling revenue in 2013, a figure analysts expect will be about seven times as much as casinos on the iconic...
| Jan 8, 2014
| 7:31 AM
J.C. Penney Co. said it’s “pleased with its performance for the holiday period” and reaffirmed its forecast for the fourth quarter.
The Plano, Texas, company, which has struggled with an identity crisis in recent years, said...
| Jan 8, 2014
| 6:20 PM
Santa slacked off during the holidays, delivering a solidly so-so season for retailers.
Shoppers were less impressed and more careful during the season compared with the previous one, doing their research before picking through shelves of uninspiring...
| Jan 13, 2014
| 12:37 PM
Indoor malls may have a limited lifespan, according to Rick Caruso, owner of Southland centers including the Grove in the Fairfax district and the Americana at Brand in Glendale.
In a Sunday keynote speech to some 4,000 people at the National Retail...
| Jan 15, 2014
| 5:02 PM
J.C. Penney Co. is attempting to right-size itself by closing 33 under-performing stores around the country and eliminating 2,000 positions, the retailer said Wednesday.
The Plano, Texas, company said it hopes the effort will save $65 million a year...
| Jan 16, 2014
| 5:45 PM
It's not looking pretty for J.C. Penney.
The Plano, Texas, company said this week that it plans to close 33 under-performing stores around the country by early May and shave 2,000 jobs off its books. Chief Executive Myron Ullman called the move —...
| Jan 17, 2014
| 6:25 AM
Worsening income inequality is the risk most likely to cause serious damage around the globe in the coming decade, the World Economic Forum said in a report ahead of its annual gathering in Davos, Switzerland, next week.
The widening gap between rich...
| Jan 22, 2014
| 3:58 PM
American Eagle Outfitters Inc. said after the market closed Wednesday that Chief Executive Robert Hanson has left his post after less than two years, a move that stunned Wall Street.
The teen apparel retailer said Executive Chairman Jay L....