J.C. Penney Co. executives may be confident in the department-store chain's everyday pricing strategy, but investors are panicking.
The news just keeps getting worse at Best Buy each day.
J.C. Penney is changing its pricing — again. Just six months after the mid-priced department store chain got rid of the hundreds of sales it offered each year in favor of everyday lower pricing, it is reversing course.
Best Buy CEO Brian Dunn is stepping down from the nation's largest consumer electronics retailer, a company that has been largely criticized for not responding quickly enough to growing competition and the changing shopping habits of Americans.
Best Buy CEO Brian Dunn abruptly resigned on Tuesday after the embattled consumer electronics chain launched an internal investigation into his "personal conduct."
Sears Holdings Corp. plans to close between 100 and 120 Sears and Kmart stores after poor sales during the holidays, the most crucial time of year for retailers.
It's called Best Buy, but is the name an empty promise?
The Situation doesn't usually require a lot of motivation to lose the shirt. But Abercrombie & Fitch wants him to go one further _ the company has offered to pay "Jersey Shore" cast members to stop wearing clothes carrying their brand.
Wal-Mart Stores Inc. is hammering home its low-price message with a new ad campaign hoping to lure back customers who no longer trust the world's biggest retailer to save them money.
Attention, Walmart shoppers: The food in your cart, from fruit drinks to salad dressing, may soon get healthier.
An East Coast snowstorm put a damper on after-Christmas shopping on Sunday, but shoppers across the rest of the country scoured clearance racks and spent gift cards during the afterglow of the best holiday season for retailers since 2007.
"The CEO was selling the hope, but now investors are looking at what the company will look like in the first half of the year," said Brian Sozzi, a chief equities analyst for research firm NBG Productions who follows the company. "Investors are digesting the reality."
"Every day, the [business] model is changing, and it goes against Best Buy," he said.
