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.