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.
JCPenney Stock Falls Below $1 For First TimeThe 110-year-old Plano-based company hasn't been profitable since 2010.
Walmart Sees Sales Rise At Stores And Online, Raises OutlookWalmart raised its financial outlook for the year after beating Wall Street's expectations for the quarter and seeing the strongest growth in more than a decade.
'It's A Big Scam': Retailers Respond To Gift Card Theft"Gift card draining,” is a fairly new and common technique for thieves that recently hit close to home for CBS 11 News.
Drowning In Debt, All Toys R Us Stores To Shutter Friday"I’m heartbroken, because I like Toys R Us. I always shop there for Christmas. I guess now I’ll go online and start shopping."
IKEA Scraps Plans To Build New Store In CowtownIKEA has scrapped plans to build a massive new store at the southwest intersection of I-35 and North Tarrant Parkway.
Why Penney, Macy's, Gap, Other Retailers May Have To Close More StoresDuring a recent JCPenney earnings conference call, CEO Marvin Ellison described the retail industry as the "most challenging and competitive" it has been in 50 years.
JC Penney Shares Plunge After CEO Ellison Departs For Lowe'sJ.C. Penney's CEO is leaving the company to become the top executive at Lowe's.
JC Penney Outlook Spooks Wall StreetJ.C. Penney is reporting a first-quarter loss along the lines of what analysts had expected, but also strong revenue.
Retailers Step Up Personalization On Their WebsitesOnline retailers are trying to build stronger connections with shoppers used to the customization of Amazon.