JCPenney will try to remake itself through a new pricing strategy and merchandising scheme, the chains new CEO announced today. Were not here to improve, were here to transform, said former Apple Inc. and Target Corp. merchant Ron Johnson at presentation...
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The National Retail Federation welcomed President Obama's emphasis on job creation in his State of the Union address, saying jobs hold the key to restoring the nation's economic prosperity but also expressing caution at the President's emphasis on manufacturing.
The New York Times has examined the "human costs" that go into the iPad and other such devices, drawing upon interviews with several dozen "current or former employees and contractors, including a half-dozen current or former executives with knowledge of Apple's supplier responsibility group."
Womenโs apparel chain Talbots might have no choice but to accept a private equity buyout offer if one materializes later this month as expected. In December, Talbots rejected a $3 per share unsolicited buyout proposal from Sycamore Partners, a New York-based private equity firm, because its executives felt the bid undervalued the company. Facing plummeting sales and a large debt load, however, Talbots needs a savior with deep pockets to revamp its image and help it hold its own against competitors including Ann Taylor, Chicoโs and Coldwater Creek. On Jan. 20, several news outlets reported that Talbots started actively
New York City -- The second day of J.C. Penney Co.โs launch event in New York City revealed the retailerโs long-term financial plans to generate profit and shareholder value while reinventing itself. COO Mike Kramer outlined the company's financial...
Back in 2008, illustrator and designer Tori LaConsay painted a sign as a love letter to her neighborhood in Atlanta that read "You Look Nice Today" followed by a little heart. Now H&M has apologized on its Twitter and Facebook for copying the design.
Indianapolis -- The Finish Line said Thursday it has appointed Jay Custard as VP of digital marketing for the company. Custardโs responsibilities include leading and directing corporate strategies involving digital customer acquisition, retention and...
Signature Labs, Inc. launched today, and the company said it is "making retail personal again by delivering VIP treatment to shoppers, both in and out of store." The Signature mobile app is a personal shopping assistant, "delivering to customers' mobile...
Multichannel clothing retailer Territory Ahead is inviting consumers to take a closer look at its new spring catalog and website. As part of an extensive brand-building effort, the company has revamped its presentation to showcase product colors, textures and details more closely and clearly than ever before.
Sports apparel maker Under Armour Inc. reported a 42 percent gain in fourth-quarter earnings on Thursday, with net income of $33 million for the three months ending Dec. 31, compared with $23 million in the fourth quarter of 2010. Diluted earnings per...