Macy's Furloughing Most Of Its 130K Employees Because Of Coronavirus Store ClosuresAffecting employees at more than a dozen stores in North Texas, Macy's is furloughing a majority of its 125,000 employees because of the ongoing coronavirus pandemic.
JC Penney Continues To Struggle; Posting First Quarter LossesLosses are widening at J.C. Penney and sales are falling after the retailer shed its furniture and major appliance businesses.
Investors Caught Off Guard By Weak Holiday Sales At Department StoresUnemployment is low, wages are rising, consumer confidence is high and gasoline is cheap, but that didn't result in more Americans loosening their purse strings this past holiday season.
J.C. Penney To Open 500 Baby Shops Amid Babies R Us DemiseJ.C. Penney is expanding the baby products it sells at stores as the retailer joins other chains trying to reel in former Babies R Us customers.
Macy's Data Breach Exposes Customers' Credit Card InfoMacy's says cyberthieves hacked the accounts of thousands of online customers, compromising names, credit card numbers and expiration dates.
Data Breach Hits Saks Fifth Avenue, Lord & Taylor StoresA data breach at department store chains Saks Fifth Avenue, Saks Off Fifth and Lord & Taylor has compromised the personal information of customers who shopped at the stores.
Macy's, Penney See Holiday Sales GrowthMacy's and J.C. Penney both reported holiday sales growth, offering encouraging signs that if department stores struggling to hold their own against online retailers had a decent period, other retailers did as well.
JC Penney Is The Bright Spot For Retail This WeekJ.C. Penney delivered some encouraging news in the form of rising comparable-stores Friday, reversing four straight quarters of declines.
U.S. Retail Sales Leapt 1.6 Pct. Last Month, Most In 2 ½ YearsAmericans increased their spending at retailers last month by the most in two and a half years, driven by strong auto sales as residents of hurricane-ravaged areas replaced destroyed cars.
Kohl's To Hire Nearly 70,000 Seasonal WorkersKohl's plans to hire more than 69,000 additional workers for the upcoming holiday season to meet demand at more than 1,100 stores nationwide.
JCPenney Reports $56 Million Loss In Q2JCPenney on Friday reported a loss of $56 million in its fiscal second quarter. On a per-share basis, the Plano company said that it had a loss of 18 cents. The results surpassed Wall Street expectations.
Department Stores Look To Become DestinationsDepartment stores trying to recapture their appeal to consumers are making plans to provide more experiences like spas and restaurants, and offer exclusive selections to transforms the store into more of a destination.
Cracking The Price Tag Code To Retail Store SavingsThe CBS 11 I-Team learned that numbers on store price tags are actually hidden symbols that could help you crack the code to big savings.
JCPenney CEO Brings Lessons From AppleHe helped shape Target's cheap chic image. He changed the way people shop for Apple gadgets. Now, Ron Johnson faces his biggest challenge yet with JCPenney.
JC Penney Pulls Back Holiday Expectations A BitJ.C. Penney Co.'s chairman and CEO says the department store operator is well positioned for the holiday season, but that it has pulled expectations back a bit.