retail stores

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JCPenney Closing at Least 130 Stores

6K employees will get early retirement incentive

(Newser) - JCPenney says it will be closing 130 to 140 stores over the next several months as it aims to improve online sales, reports the AP . Locations will be announced next month. CEO Marvin Ellison says the company also is offering an early retirement program to 6,000 employees, per the...

The Limited's Stores Just Got Eliminated

Mall icon closes doors on all its brick and mortar stores

(Newser) - The Limited is a mall staple no longer, abruptly announcing that all its remaining 250 locations would close Sunday, reports the Washington Post , resulting in about 4,000 job losses. Per a statement on the retailer's website: "We're sad to say that all The Limited stores nationwide...

6 Major Retailers Agree to Stop On-Call Scheduling

9 state AGs were investigating worker-unfriendly system

(Newser) - Disney and Aeropostale are among six retailers that have agreed to stop using on-call scheduling, a system worker advocates have said means too much unpredictability for employees. The change in scheduling was made following an inquiry by nine attorneys general. New York Attorney General Eric Schneiderman said Tuesday about 50,...

Macy's, JC Penney Sued Over Bargains That Aren't Bargains

'Customers have the right to be told the truth about the prices they're paying'

(Newser) - Los Angeles prosecutors on Thursday sued four national retailers, accusing them of duping shoppers into believing they got bigger discounts than they actually did, the AP reports. The separate lawsuits alleging deceptive advertising were filed against JC Penney, Sears, Kohl's, and Macy's, according to the Los Angeles city...

Employees Say Kmart Is on Its Last Legs

Company says it's 'focused on restoring profitability'

(Newser) - Kmart says it's "focused on restoring profitability to the company." Employees say it's preparing to declare bankruptcy within a year. As Business Insider reports, Kmart—which has seen sales plummet to less than a third of what they were in 2000—is clearing out stock rooms,...

Reeling From Dismal Holidays, Macy's Slashes 4.8K Jobs

It's been a rough road for Macy's as online shopping takes over

(Newser) - Macy's is slashing jobs, a harbinger of hard times for retailers after a holiday season that saw a noticeable shift to online shopping and away from physical stores. The nation's largest department-store chain, which also operates Bloomingdale's, said late Wednesday it's cutting up to 4,800...

San Francisco OKs 'Bill of Rights' for Retail Workers

Now employee schedules must be set 2 weeks in advance

(Newser) - San Francisco has moved to help workers stymied by uncertain schedules: Under what's being called the " Retail Workers Bill of Rights ," employers must solidify their employees' shifts at least two weeks in advance—or pay their workers extra in the form of "predictability pay," Politico...

8 Iconic Stores That Have Disappeared

From Filene's Basement to Tower Records

(Newser) - This week, Radioshack announced the closing of some 1,100 stores, prompting speculation as to whether it will go the way of Blockbuster. That reminds a nostalgic Caitlin Dewey at the Washington Post of the key stores of yesteryear that just aren't there anymore:
  1. After more than 100 years,
...

Radioshack Bleeding, Will Close 1 in 5 Stores

Company announces dismal holiday sales numbers

(Newser) - Radioshack released an absolutely grisly quarterly report today, and on its heels came plans to close as many as 1,100 stores—or about 20% of its total, the Wall Street Journal reports. The company said it had lost $191.4 million over the holiday quarter, a huge jump from...

JCPenney Cuts 2K Jobs, 33 Stores

Retailer apparently still smarting from disastrous strategy

(Newser) - Struggling JCPenney will cut 2,000 jobs and close 33 stores as it tries to get back on the path to profitability. The news raises concerns that Penney's holiday season sales were weaker than expected and that the chain needs to do even more to recover from a...

Discounts Are Kind Of ... a Lie
 Discounts Are Kind Of ... a Lie 
Nov 29, 2013 2:54 PM CST

Discounts Are Kind Of ... a Lie

Most items that are 'on sale' were designed to sell at that price

(Newser) - If you couldn't bring yourself to rush out and do battle on Black Friday, no need to feel like you missed out: The discounts you'd be seeing if you were at the mall right now are what the Wall Street Journal calls "retail theater." Stores are...

Here's How to Fix 'Black Thursday': Stay Home

Just ... don't ... shop. It's pretty simple: Ellen Galinsky

(Newser) - Based on the Facebook outrage and all the online petitions, a huge chunk of America is pretty upset about the growing trend of stores opening on Thanksgiving Day. But, uh, the way to fix this has nothing to do with signing a petition and posting it on your Facebook wall,...

Your Phone Is Helping Stores Spy on You

Retailers tracking your location, patterns

(Newser) - These days, it's not just online retailers that are tracking consumers' every move: Physical stores are doing it, too, thanks to video footage and the smartphone in your pocket. Companies want to know which customers are returning, which sections they're visiting, and even which way they turn after...

New JCPenney Ad: We're Sorry, Come Back!

Hopes put-off customers will return for Mother's Day

(Newser) - It's what so many of us do after our relationships implode: beg the other to come back. Please! JCPenney is now trying the groveling route as well. The embattled retail empire has released a new ad that begins "It's no secret...," apologizes for its "mistakes,...

JCPenney Dumps 'Disastrous' CEO

Ron Johnson out, predecessor Myron Ullman in

(Newser) - JCPenney has ditched CEO Ron Johnson after a 17-month run that produced some of the most disastrous results in retail history . Johnson, who masterminded Apple's retail success, will be replaced by his predecessor Myron Ullman, reports the New York Times . The struggling chain is in the middle of a...

It&#39;s True: JCPenney Is a Disaster
 It's True: 
 JCPenney Is a Disaster 
OPINION
Mar 2, 2013 10:57 AM CST

It's True: JCPenney Is a Disaster

Matthew Yglesias pays a visit and finds all the bad reviews to be true

(Newser) - JCPenney reported earnings this week that were so bad they boggle the mind, writes Matthew Yglesias in Slate . (Maybe the worst ever in retail?) The chain has been struggling to reinvent itself under the vision of Apple retail guru Ron Johnson, and Yglesias decided to visit a store himself to...

Coming to a Mall Near You: Google?

It's considering retail stores, but no word on where, or when

(Newser) - First Microsoft jumped on the retail-store bandwagon; now Apple stores could face another rival. Google is considering opening its own retail stores, sources tell the Wall Street Journal , but we may not see them for quite a while. An insider says the company may not move on the plan this...

In Some Stores, Mannequins Are Watching You

Trend is new, but one maker is already selling 'bionic' ones

(Newser) - Here's something to creep out your shopping experience: Store mannequins might be watching your every move. Bloomberg reports that Italian mannequin-maker Almax has begun selling a version whose eyes are cameras. This isn't about trying to curb shoplifting, though. The idea is to more closely track shoppers' likes...

80% of New Jobs Since 2009 Have Gone to Men

More men moving into retail sector

(Newser) - Men were hit hardest by job losses during the recession, but they have been way ahead of women in landing newly created jobs since the downturn officially ended in June 2009, the Los Angeles Times finds. Some 80% of the 2.9 million jobs created over the last three years...

10 Ways Wal-Mart Changed Our Lives

Charles Fishman's book 'The Wal-Mart Effect' inspires Time's list

(Newser) - Wal-Mart has transformed America's retail landscape with its shocking scope and unrivaled profits. On the plus side, the mega-retailer employs over 2.1 million workers—more than the population of 15 states and Columbia—and banked $443 billion in the last fiscal year. But it has also depressed wages...

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