Why J.C. Penney is Really Losing Customers (It's Not the Coupons)
While J.C. Penney's disastrous decline has been blamed on Ron Johnson no-coupons pricing strategy, our readers gave a different reason for ditching the retailer.
clothing sales
US Retail Sales Rose 1.1% in February
Americans stepped up spending on retail goods in February, evidence that a stronger job market is boosting the economy. Consumers bought more autos, clothes and appliances. They also paid higher prices for gas. Retail sales increased 1.1 percent last month, the Commerce Department said Tuesday. It was the biggest gain since September.
Gap Same-Store Sales Likely to Fall in Third Quarter, CEO Warns
Gap's same-store sales will likely fall in its fiscal third quarter, which ends this month, CEO Glenn Murphy warned at an investor meeting in New York on Thursday.
