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Never have I seen so much bad news about a company I really like. I think Ron Johnson, president and CEO of J.C. Penney, is a capable strategist. His idea to streamline the company and reduce sales is admirable. While his instincts may have been right, his guidance of the operation has been flawed. For starters, he never tested his merchandise pricing concept prior to putting it into action. Now the news is getting very bad, which will only make matters worse for the future of the company. Bad news begets bad news. Here are some recent observations:

Amazon and Overstock.com told a New York Court of Appeals that affiliates do not equal nexus in the state. Reuters reports that Amazon and Overstock argued on Wednesday that a 2008 New York law requiring companies with affiliates in the state to collect...

hhgregg announced that it's launched a "Price Match Guarantee" to ensure that its customers receive the lowest advertised prices on merchandise both in-store and online, for up to 30 days after the date of purchase. Under the new program, hhgregg will match competitors' lowest advertised prices on in-stock merchandise of the same make and model, up to 30 days after a purchase. The guarantee applies to local brick-and-mortar competitors as well as a list of major online retailers. Customers do not need to bring sales flyers to the store, as sales associates can verify competitive pricing.

Sally Jewell, a retail executive and outdoor enthusiast, is President Barack Obama's pick to oversee the national parks and vast energy reserves on public lands as U.S. interior secretary. Obama nominated Jewell, chief executive of outdoor retailer REI, on Wednesday, calling her an "expert on the energy and climate issues that are going to shape our future" as well as a savvy executive who understands the link between conservation and economic progress.

FAIRFAX, Va. , Feb. 7, 2013 /PRNewswire/ --� Geeknet, Inc. (Nasdaq: GKNT), the parent company of online retailer ThinkGeek.com, today announced that Chief Financial Officer Kathryn McCarthy has been appointed Chief Executive Officer and President of...

As it faces a worsening financial situation and frustration with Congress mounts for failing to enact cost-cutting reform measures, the U.S. Postal Service announced on Wednesday that it will seek to phase out six-day delivery service later this year. However, of critical importance to online sellers, the agency said that it will continue to deliver packages on Saturdays, even as residential and business delivery of regular mail on that day would end in early August.

Reuters reported that Cvs Caremark Corp said it has bought Drogaria Onofre, Brazil's drugstore chain.

Burberry Group Plc, the U.K.’s largest luxury-goods maker, reshuffled its board by appointing Carol Fairweather chief financial officer and John Smith to the new position of chief operating officer. Fairweather, currently senior vice president of group...

ABILENE, Kan — Alco reported that total sales, excluding fuel, increased 26% to $34.8 million for the fiscal five-week period ended Feb. 3, compared with $27.6 million during the four-week period of the prior year. On a same-store basis, excluding fuel,...

Amazon.com plans to put tens of millions of dollars into the hands of its customers this spring. Instead of cash, the money will be in the form of Amazon Coins, a virtual currency recently announced by the online retailer. The new scrip will be made available to Amazon customers for use with the company's entertainment tablet, Kindle Fire. Shoppers can spend Amazon Coins in the Amazon Appstore on games and apps. At launch, only U.S. customers will be able to buy and spend Amazon Coins.