There are reports out today that thousands of JCPenney workers could soon be in the unemployment line. The company is said to be, “slashing thousands of jobs nationwide.”
Department store operator JCPenney is buying a minority stake in Martha Stewart Living and teaming with the company on a store-within-a-store.
Neiman Marcus said that revenue at stores open at least a year climbed 8 percent to $1 million in the fiscal first quarter.
Neiman Marcus unveiled its annual Christmas Book on Tuesday, a catalog known for featuring expensive and outrageous “fantasy gifts.”
Texas arts and crafts supplier Michaels has agreed to pay $1.8 million to settle deceptive advertising charges leveled by New York regulators.
JCPenney’s revenue at stores dipped 1.9 percent in August, hurt by Hurricane Irene and a later start to back-to-school shopping.
JCPenney says its new CEO from Apple won’t assume the job’s full duties until February, even though he takes the title in November.