J.C. Penney may have backpedaled on eliminating sales, but it's still trying to redefine retail, and its next big change may feel equally radical: The chain will get rid of all of its cash registers, checkout counters and cashiers by 2014, says CEO Ron Johnson.
There's no question that what Apple has accomplished in the past 15 years is truly remarkable. But even more remarkable is where Apple was when Steve Jobs returned to the company in 1997 -- struggling to even survive.
Apple's retail stores are giving employees raises today, according to a source -- at least $4 per hour for every employee.
Investors figured that new J.C. Penney CEO Ron Johnson's "Fair and Square" pricing strategy wouldn't be a hit right away, but no one expected the recently remodeled department store chain would be this earnings season's biggest disaster.
Apple announced that it sold 3 million new iPads over the weekend -- a new record for the tech giant's tablet line.
Apple unveiled its new iPad with its usual pizzazz, and fans will probably rush to pre-order the snazzy new tablet. But if you don't need the absolute latest bells and whistles, the real news is that you can get an iPad 2 now at a very sweet price.
Everybody's been expecting Apple's third generation iPad to hit the market in March, and come Tuesday, that's exactly what will happen. But before you start camping in front of your local Apple Store, let's answer your five most-burning iPad questions.
Soon, you might be able to buy a new Kindle at an actual, brick-and-mortar Amazon Store. The e-commerce giant is reportedly opening its first pilot store in Seattle. It's an intriguing idea, but the real question is: Why would Amazon want to?
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.
While Apple%u2019s products and digital media stores continue to thrive, its once-ascendant retail operation is losing some luster. But if stagnant retail growth in Apple Stores is worrisome, it's not time yet to hit the panic button.
Their brands aren't well known in the U.S. yet, but experts suggest you keep an eye on these seven emerging retailers with hot store concepts that are ripe for expansion. They could soon be headed to a mall near you.
The holiday season has been strong for retail sales overall, but some chains have still found lumps of coal in their stockings. And as the holiday season winds down, what's bad for retailers may be good for you.
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?