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Tag: J C Penney Company Inc

‘Retail is changing by the day’

Retail is going through what can be considered a “golden age” as businesses adapt to a new landscape of connecting with consumers, “Shark Tank” star and serial entrepreneur Daymond John said Friday. Companies such as Home Depot are using the internet to their advantage to thrive, while others that lack the necessary technology are dying, the …

‘Retail is changing by the day’Read More

Under Armour ‘lost it many years ago’

The founder of leggings maker Lululemon thinks the market for athletic apparel today is a four-way race between Nike, Adidas, Lululemon and Chinese apparel manufacturer Anta Sports. Notice what company isn’t on that list? Under Armour. “I think Under Armour kind of lost it many years ago,” Lululemon founder Chip Wilson, who is no longer …

Under Armour ‘lost it many years ago’Read More

Gwyneth Paltrow’s wellness brand Goop is coming to Sephora

Gwyneth Paltrow’s famous lifestyle brand Goop is about to hit Sephora stores, marking the first time it has partnered with another retailer to sell items like its vitamin chews and body scrubs. Up until now, Goop was only available at its own stores, on Goop.com and at some independent beauty shops. Starting Tuesday, Goop’s wellness …

Gwyneth Paltrow’s wellness brand Goop is coming to SephoraRead More

Retail stocks that could have a strong 2020

Some of the most beaten-down names in retail might end up being your best bets in 2020. That’s not to say there still isn’t reason to be wary about some of these companies. You’re taking a risk when you invest in a struggling business, especially in the challenged retail industry, which has faced management shakeups, …

Retail stocks that could have a strong 2020Read More

Lowe’s is looking to hire 53,000 people for spring 2020

A Lowe’s employee walks through the store during the grand opening of the Lowe’s store in San Francisco, California. Getty Images Lowe’s is looking to hire at least 53,000 people ahead of the spring season, the home improvement retailer’s busiest time of year, the company said Thursday in a press release. That’s less than Lowe’s …

Lowe’s is looking to hire 53,000 people for spring 2020Read More

Sears, Walgreens among retailers that closed stores in 2019

Micah Young | E+ | Getty Images 2019 has been a record year for store closures in retail. In the U.S., retailers this year have announced plans to shut more than 9,300 locations. That’s up more than 50% from the total announced closures in 2018, which amounted to 5,844, Coresight said. Previously, the record was …

Sears, Walgreens among retailers that closed stores in 2019Read More

Retailers need to give shoppers something new this Black Friday

Customers shop for electronics items during ‘Black Friday’ at a Best Buy store. Sandy Huffaker | Getty Images News | Getty Images Shoppers are expected to spend this holiday season. But are retailers giving them something to spend on? That’s the million-dollar question. A strong macroeconomic backdrop, with low unemployment and wage growth, has given …

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It’s a make-or-break holiday season for these six retailers

For many, the holidays spark joy, and are a time to relax in the comfort of family and friends. If you’re in retail, however, it’s a bit of a different story — especially if your business is struggling. Some retail executives really feel the pressure this time of year, as the holiday season can make …

It’s a make-or-break holiday season for these six retailersRead More

As the secondhand market booms, used clothing is an acceptable gift

Hannah Oh wearing a second hand dress from Zara her sister bought for her on Poshmark. Source: Hannah Oh When Hannah Oh’s sister gave her a dress from Zara for Christmas, her sister didn’t buy it from Zara. She bought it secondhand from the retail resell site Poshmark. Oh, 19, saw the dress online, and …

As the secondhand market booms, used clothing is an acceptable giftRead More

Black Friday is losing its clout, more bad news for department stores

Black Friday isn’t quite the deal frenzy it used to be. Retailers have been touting bargains for weeks. With more shopping moving online, it has only become easier to compare prices, and so the lure of doorbuster deals is losing its grip on shoppers. That only means more bad news for a group of retailers …

Black Friday is losing its clout, more bad news for department storesRead More