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Exhuming J.C. Penneyโ€™s Failed Marketing Makeover for Leadership Lessons We Can All Use
May 24, 2013

In a sweeping move to right the ship after former CEO Ron Johnson's failed attempt to reinvent the J.C. Penney brand and inject new life into the business, the company has adopted a bold new marketing strategy โ€” hire its retired former CEO, whom Johnson replaced just about two years earlier, and quickly return to the deep discounts and doorbuster deals that originally got the brand into this mess. Wait. What?

E-Commerce Trumps Retail Stores in China
May 23, 2013

Just as cash-strapped consumers in the developing world bypassed so-called landline phones in favor of mobile devices, China's lower-income consumers are skipping physical stores in favor of e-commerce sites. A recent report by McKinsey & Co. shows that e-commerce sales in China reached an estimated $190 billion last year, almost equaling the U.S. market as largest in the world. China's online retail industry is expected to grow to at least $420 billion by 2020 โ€” which would total more than the U.S., Japanese, U.K., German and French markets combined.

Abercrombie Forced to Apologize
May 23, 2013

Pitted against consumer outrage over controversial comments its CEO made seven years ago about why the teen retailer doesn't make its clothing in large sizes, Abercrombie & Fitch issued an apology this week and pledged to take steps to show their commitment against bullying as well a more welcoming store culture.

Michaels sees same store sales slightly dip
May 23, 2013

IRVING, Texas โ€” Michaels reported net sales of $993 million for the first quarter ended May 4, an increase of 1.5% from $978 million in the first quarter of fiscal 2012. Although same-store sales...

E-commerce business bolsters Bon-Ton Q1
May 23, 2013

YORK, Pa. โ€” Inclement weather was not enough to hold back Bon-Tonโ€™s first quarter results for the period ended May 4. The company saw same-store sales increase 1.2% compared with the first quarter...