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Target Profit Tumbles on Weak Sales

Target says first-quarter profits dropped 26 percent as cool temperatures and financial pressures limited customers' appetite for spending.

J.C. Penney Taps Former CEO Mike Ullman

.C. Penney pins its hopes on former CEO Mike Ullman to revive the retailer after a risky turnaround strategy backfired and led to massive losses and steep sales declines.

Dow Surges a 2nd Day to a New 5-Year High, Closes in on Record

Stocks are closing sharply higher for a second day as evidence mounts that the housing market is making a comeback. The Dow Jones industrial average jumped 175 points to 14,075, its highest close of the year. It's up nearly 300 points over the past two days, putting it within 100 points of its record high reached in October 2007.

U.S. Retail Sales Rose 0.5 Percent in December

U.S. consumers increased their spending at retail businesses in December, buying more autos, furniture and clothing. Steady job growth and lower gas prices kept consumers shopping for the holidays, despite worries about potentially tax increases.

Sexy Matador Fights Pork Chops in New Target Ad

Target is promoting its grocery offerings with a new series of TV ads featuring, among other oddities, exploding boxes of cake mix, and a sexy female matador dueling with various packaged meats.

Target to Match Prices of Amazon, Walmart.com Year-Round

Target announced a bold new price-match program Tuesday, promising to give customers the same deals they find on online retailers such as Amazon and Walmart.com. The new policy is similar to the one Target tried during the 2012 holiday shopping season.

The Christmas Shopping Battle: Early Winners and Losers

The battle for your holiday spending dollars is well under way, and it's not too soon to start handicapping 2012's likely winners. Some may be obvious (like Amazon), but others may surprise you. Here's how the holiday shopping season is shaking out across the retail landscape.

Black Friday 2012: Reports From the Holiday Season Kickoff

DailyFinance's Matt Brownell is covering the Black Friday holiday shopping kickoff, starting Thursday evening. This article will be updated periodically with fresh details from across the country. And if you've got pictures or stories of your own shopping experiences, pass them along for us to share.

Target Responds to Backlash Over Thanksgiving Night Opening

Target is pushing back against complaints that its 9 p.m. Thanksgiving opening is ruining the holiday for its employees. It's hardly the only retailer making the move, an online petition singling out Target at Change.org had 228,000 signatures as of Friday morning.

Walmart to Hire More Than 50,000 for U.S. Holiday Rush

Wal-Mart plans to hire more than 50,000 seasonal employees to work at its Walmart stores in the United States, slightly more than it did last year, as it gets ready for the winter holiday season, its busiest time of year

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.

Gas Prices, Cars Push US Retail Sales Up 0.9%

U.S. retail sales rose in August from July because consumers paid higher gas prices and bought more cars and trucks. They were more cautious elsewhere, suggesting the weak economy has made many selective about spending.

Sorry, Target: Future Fashionistas Prefer Justice

You might not have heard of tween-focused chain Justice, but young girls are swooning over its fashions. In fact, girls age 7 to 12 now call the specialty retailer their main clothing crush, as opposed to their former steady, Target.

Retail Stocks Are a Bad Buy: Why the Rally Won't Last

The stock market's recent bounce has a lot of folks looking for a piece of the action. And with retail stocks shooting up faster than average, but still cheaper than a year ago, some analysts say now's the time to buy them. They're wrong. Here's why:

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.