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Target Corp

J.C. Penney's new CEO plans to remake the tired old department store chain a la the Apple Store and Target, and his fresh ideas are earning him applause. But as investors and industry watchers cheer Ron Johnson's turnaround concepts, they're ignoring some big potholes on the road ahead.
New CEO Ron Johnson's plan to revamp J.C. Penney is seriously ambitious. No more coupons, almost no more sales, and a complete rethink of the department store model. So why does he think he can pull it off -- and with a chain that has lagged its rivals? Because maybe he can. Here's why:
Target may be planning to add something that's chic but certainly not cheap to some of its stores. Sources say Apple will open small stores within 25 of Target's largest stores later this year. But you may be surprised about which ones.
Many retailers are reporting solid sales gains for December, capping a decent holiday season, but shoppers bent on discounts exacted a high price.
On Tuesday, Sears Holdings announced it would close as many as 120 Sears and Kmart stores after a holiday sales season in which it fell flat on its face. What Sears really needs is a new image -- an idea that will lure shoppers back. Could "Made in the USA" be it?
Shares of Sears Holdings fell 27% Tuesday on news that the retailer would close as many as 120 poorly performing Sears and Kmart stores -- an unusually harsh response to a cost-cutting measure. Clearly, investors are concerned that the problems run much deeper -- and they're right to worry.
Four years ago, the U.S. Congress, to great fanfare, passed a law aiming to phase out the incandescent lightbulb in favor of longer-lasting, more energy-efficient alternatives. Recently, to even more fanfare, the U.S. Congress changed its mind. Whether this is good news or bad news is a matter of opinion.
Following a record Black Friday, retail sales hit new heights on Dec. 17 -- the penultimate shopping Saturday before Christmas and a day when retailers trot out themed promotions. It's a sign that many consumers have rebounded from the recession and unleashed their pent-up buying demand.
If you're not done with your holiday shopping, let DailyFinance help: Six of the nation's biggest retailers gave us the scoop on what's been flying off the shelves this year. So here's our exclusive rundown of some of the top sellers at Macy's, Target, J.C. Penney, Best Buy, Toys R Us and Sephora.
J.C. Penney is betting on iconic domestic diva Martha Stewart to help reinvent the staid department store concept, and in turn, how America shops. Their partnership is the first bold move from new CEO Ron Johnson -- but can it work?
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