J.C. Penney is reporting a bigger-than-expected loss and plummeting profits in the first quarter as many of its customers are rejecting a new bold pricing strategy that puts an end to rampant discounting in favor of everyday low prices.
J.C. Penney Co. says Chief Financial Officer Michael Dastugue will leave the company Friday in the wake of a broader shakeup of the department store operator’s business.
Do you recall, the most “Perfect Christmas Crowd-Bringer” of all? That’s how executives at Montgomery Ward originally described Rudolph the Red-Nosed Reindeer, who first appeared in a 1939 book written by a company advertising copywriter and given free to children as a way to drive traffic to the stores.
Dallas-based department store operator Neiman Marcus Inc.’s fiscal first-quarter net income surged 88-percent as shoppers continued to spend on luxury goods.
Who’s watching you while you shop at the mall? The door to the department store fitting room may be closed, but that doesn’t always make much of a difference.
With back-to-school shopping in full swing, storefronts big and small are often adorned with advertisements filled with eye-catching phrases like “one-day-only” and “biggest sale.” But how often is that true?