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When Ron Johnson broke the news to Steve Jobs that he was leaving Apple to become CEO of J.C. Penney, his boss' first question was, "Are you serious?" Johnson has received the same reaction countless times since that day last year in Mr. Jobs' living room. And the surprises didn't end with his decision to depart the world's hottest brand for a struggling department-store group.

NEW YORK (MarketWatch) -- January retail sales are expected to grow 2%, down from 4.3% last year, said analysts at Retail Metrics. Same-store retail sales in January, the lowest since October last year, are slightly lower than the 2.2% projected growth. The retail industry research firm said January is one of the year's slowest months as consumers scaled back on spending after a post-holiday hangover. Unusually warm weather and the lack of any shopping catalysts also keep retailers' expectations low. Retail Metrics said forecasts for Macy's , Kohl's and J.C. Penney's have been lower, while high-end chains

Postal regulators have finalized a new set of rules governing the procedure for closing post offices, seeking to streamline the review process as the U.S. Postal Service looks ahead to the potential closure of thousands of locations. The final order the...

Oakbrook Terrace, Ill. -- Redbox Automated Retail, a division of Coinstar, announced Tuesday it has renewed its agreement with Walmart to continue featuring Redbox kiosks at more than 3,700 Walmart locations nationwide. The agreement extends the availability of Redbox kiosks and builds upon the companies' more than five-year relationship, said Redbox. The first Redbox kiosks were installed in Walmart stores in 2006.

E-Mail This Story Printer-Friendly Format SportsOneSource Media Posted: 1/31/2012 Sierra Designs promoted Denise Kaatz to the newly created product development manager position. In her new position, Kaatz will be responsible for several key aspects of apparel development, including product costing, execution of apparel strategies, and management of product developers. Quality and fit assurance for all Sierra Designs apparel will also be handled by Kaatz. "As our apparel offering becomes more diverse, especially with our newest vintage and urban apparel styles arriving at retail this spring, it became necessary to add the new product development manager

Louis Vuitton has opened a new Maison flagship store within the former Etoile, Rome's first cinema. It includes a library and a screening room as part of the brand's program to support the Italian film industry.

Like many retailers, Sephora is working on what to do with a Facebook "like." The beauty retailer's solution comes in the form of a special weekly promotion that fans of its page learn about first through their

PBS, America's chronically broke public television network, was trying to make a few bucks off of its hit series "Downton Abbey" with themed jewelry. The show's creators are none too happy about it and it looks as though PBS decided to pull the line from the site entirely, meaning no more cash from Downton product for PBS. 

Carrefour , Europe's largest retailer, picked retail veteran Georges Plassat as its next boss, signaling key shareholders may back another attempt to fix its ailing hypermarkets rather than push for a ...

Amazon is putting its customers in South Carolina on notice that they're responsible for paying sales taxes on purchases they made with the online retailer last year. Amazon doesn't collect sales taxes on merchandise shipped to South Carolina, as it doesn't in most states.