Americans love Target. That's bad news for Macy's, JCPenney
The winners and losers of America's great retail shakeout are becoming clear. Target and Walmart are definitely winners. Just about every traditional department store is losing.
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The winners and losers of America's great retail shakeout are becoming clear. Target and Walmart are definitely winners. Just about every traditional department store is losing.
JCPenney is in danger of its stock getting booted off the New York Stock Exchange because its share price is too low.
Kohl's has built a loyal shopping base of middle-aged moms. Now, it's pivoting to chase a group of customers it has struggled with: millennials.
JCPenney's holiday stretch wasn't as bad as some feared, an encouraging sign for the troubled retailer.
If Sears dies, does that save rival JCPenney?
These are tough times for JCPenney. A day after falling below $1 for the first time since it started trading in 1929, JCPenney stock fell 8% on Thursday to close at 97 cents a share.
Jill Soltau, a veteran retail leader most recently in charge of Joann fabric and craft stores, will be tasked with turning around JCPenney.
JCPenney's CEO left in May. Now its second in command is out too.
The economy is humming. Americans are eager to spend on clothes, toys and home decor.
It's hard to imagine how the situation could get any worse at JCPenney, which was once a powerhouse of retail.
Lowe's has tapped JCPenney CEO Marvin Ellison as its new chief executive.
JCPenney is in serious trouble. There's no sugarcoating it.
It's been a brutal week for many big American retailers.
Traditional retailers may have done better than expected during the holidays. But many department stores are still trying to figure out how they can compete with Amazon.
Retailers are trying to figure out whether subscriptions are the way of the future or just a fad.
Stores are closing at an unprecedented pace. Retailers are going bankrupt. Malls are slowly being abandoned. Physical stores are struggling -- an understatement -- but consumers are spending like crazy.
The worst is yet to come for American shopping malls.
Stores are unveiling their plans for the most critical days of the holiday shopping season.
The U.S. added 400 coal mining jobs during May, according to Friday's payroll report.
Between 20% and 25% of American malls will close within five years, according to a new report out this week from Credit Suisse. That kind of plunge would be unprecedented in the nation's history.
Ahead of the NBA draft, Frank the Tank Kaminsky has suited up for a new endorsement deal.
An alleged accomplice to shoplifting attacked a mall security guard as a woman fled the store with merchandise, police say.
Normally perhaps a haircut wouldn't seem like a big deal, but it is.
Normally perhaps a haircut wouldn't seem like a big deal, but it is.