| 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...
| Nov 7, 2013
| 8:43 AM
Halloween seems to have scared off the bad vibes at the mall – for now – according to data showing better-than-projected retail sales in October.
One gauge, from Retail Metrics, showed same-store sales last month rising 3.7% over the same...
| Sep 26, 2013
| 11:10 AM
J.C. Penney publicly defended its trajectory Thursday after watching its stock plunge amid speculation that it needed another financing boost.
In a statement, the retailer said it is “pleased with its progress thus far in the company’s...
| Nov 11, 2013
| 10:11 AM
At this rate, shoppers hoping to get in on "Black Friday" deals will have to eat their turkey for lunch, as both Target and Toys R Us announced plans to open Thanksgiving evening.
In its earliest opening ever, Target said it will welcome bargain hunters...
| Nov 6, 2013
| 10:57 AM
Falling in line behind the likes of Macy’s, J.C. Penney, OfficeMax, Kmart and more, Staples is joining the horde of retailers opening its doors on Thanksgiving without bothering to wait for Black Friday.
The office supply chain will open on the...
| Oct 29, 2013
| 7:59 AM
Retailers had a shaky September, as lukewarm back-to-school shopping and a plunge in car purchases caused sales to slide from August, according to the government.
Retail sales last month amounted to $425.9 billion, down 0.1% from August, the U.S. Census...
| 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...
| Aug 13, 2013
| 1:02 PM
The Justice Department on Tuesday filed an antitrust suit seeking to block the merger of US Airways and American Airlines, but buried inside the complaint is some internal correspondence by US Airways executives, including Chief Executive Doug Parker,...
| Jan 28, 2014
| 9:09 AM
J.C. Penney Co. just made it easier to trigger its shareholder rights plan — a.k.a. its poison pill defense against hostile takeover attempts — leading to early speculation on Wall Street that potential buyers might be sniffing for an opening....
| Dec 10, 2013
| 9:08 AM
Fifth & Pacific Companies Inc. has agreed to sell Lucky Brand Jeans to Los Angeles private-equity firm Leonard Green & Partners for $225 million, the companies announced Tuesday. William L. McComb, Fifth & Pacific's chief executive, said the Lucky sale is...
| Aug 13, 2013
| 6:54 AM
J.C. Penney’s turmoil at the top continued Tuesday as activist investor Bill Ackman stepped down from the board following a public disagreement over the struggling retailer’s choice of chief executive and chairman.
Ackman, whose Pershing...