department stores

Target Founder Douglas Dayton Dies

Douglas Dayton, who led the transformation of a family department store into retailing giant Target Corp., has died at the age of 88.

What JCP's CEO Has to Say About Falling Sales and Rising Cynics

Nearly a year after taking over as CEO of J.C. Penney, Ron Johnson seems all too aware that his image as a retailing miracle worker has been seriously tarnished. But he's not worried about the backward thinking naysayers -- and he's still determined to prove the skeptics wrong.

Will In-Store Mini-Shops Revive J.C. Penney? Analysts Say Yes

Forget the fiasco that killing sales and coupons has turned out to be for J.C. Penney: CEO Ron Johnson's other radical change -- transforming the stodgy department store from a sea of clothing racks into an emporium of 100 hip, branded shops -- just might be its saving grace.

J.C. Penney New Shops Shine, Rest of Store Sales Tough

J.C. Penney's new shops within stores are doing much better than other parts of its department stores, but it is "way too early to draw conclusions" as the retailer is still rolling out the strategy, Chief Executive Ron Johnson said.

This Retailer Just Flat Out Stinks

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.

Why J.C. Penney Will Never Be Great Again

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.

How J.C. Penney Just Might Transform the Way We Shop

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 think he can pull it off -- and with a chain that has lagged its rivals? Because maybe he can. Here's why:

Macy's Raises Profit Outlook, Doubles Dividend

Macy's is raising its earnings outlook for the fourth quarter and full year due to a strong holiday season and says it will double its quarterly dividend to 20 cents a share. The retailer is also increasing its share repurchase program by $1 billion. The announcements came as the department store operator reported Thursday that a key measure of its December sales rose faster than analysts had expected.

Can Martha Make Shopping at Penney's 'a Good Thing'?

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?

Black Friday Is Losing Its Luster As a Shopping Event

Here's the scoop on the holiday shopping season: Fewer people will camp out in front of stores before Black Friday this year in hopes of scoring hot deals on the "it" gifts. Instead, they'll use smart phones and tablets to comparison shop for the best prices, according to Accenture's latest survey.

Will J.C. Penney Be the Next Target?

Two of the men most responsible for making Target a cool, hip shopping option will soon be leading J.C. Penney's, which means bold changes could be coming for the middle-of-the-road department store chain. Can Ron Johnson and Michael Francis help it shake its stodgy image?

Nordstrom.com Offers Unconditional Free Shipping, Returns

While Nordstrom has yet to find a suitable location in New York City, online shoppers can now get any item delivered for free. On Monday, Nordstrom announced it will offer free shipping and returns for all U.S. orders -- making it the first department store chain to do so.

Consumers Are Finding Cash for 'Small Luxuries'

As the economy improves, Americans have begun splurging again. But they're limiting their indulgences to haircuts, casual dining and coffee, while continuing to forego many bigger expenditures, like vacations and dining at expensive restaurants.

Retail Earnings: Can the Uptrend Continue?

After a holiday season that marked a return to some form of normalcy, merchants are bracing for a year of mild sales growth and more stable operations. Whether that momentum holds is an open question, given the state of the housing and job markets.

Struggling J.C. Penney to Shut Stores in Cost-Cutting Move

JC Penney (JCP) said it will close some of its department stores, call centers and outlet stores in a bid to cut costs. JC Penney will shut five department stores in locations including Morrow, Ga and West Dundee, Ill., the company said in a statement. It will close a total of 19 outlet stores, as well as its call center facilities in Grand Rapids, Mich and Albuquerque, NM.

Bargain Hunters Marked Down December's Retail Sales

Many shoppers who took advantage of the early holiday sales in November held back and forced retailers to cut prices as Christmas neared. Despite increases in luxury spending, the results show that mainstream consumers remain bargain shoppers.

Face-Off on Stocks: Macy's, J.C. Penney, Kohl's

The nation's three biggest department-store operators have been disproportionately pinched by the downturn in consumer spending. That's what happens when you're stuck in the middle of the retail-price spectrum during a period of sagging home values and lofty unemployment.

Adjusting to Retailing's New Reality: Cautious Shoppers

It means more shoppers are in stores, but they're also spending more carefully. That's not necessarily bad news for the holiday season. It's just that retailers have accepted they'll have to work hard this year to keep registers ringing.

Retail Is Hoping for a Mildly Merry Christmas

The third-quarter earnings season got off to a mildly optimistic start for retailers, with department stores expecting the colder weather will heat up holiday sales, even as shoppers continue to seek cheap deals and generally hold back on spending.

More Holiday Shopping Will Move Online in 2010

Online sales during the holiday season are likely to exceed their 2009 levels as shoppers shift away from shopping at some brick-and-mortar operations such as electronics and warehouse stores, said market research firm The NPD Group in a report Wednesday.