J.C. Penney today announced that it has borrowed $850 million from a revolving credit fund of $1.85 billion. The company stated that the money will be used to ensure the company’s liquidity and replenish inventory levels. “Earlier this year, we …

Over the holiday season, Best Buy began offering its customers price-matching on products that can be found for lower prices at online retailers. The move was meant to curb incidences of “showrooming” – the term that refers to customers who …

Last month, U.K. electronics retailer HMV entered administration. Employees and customers were left wondering whether the business would be shutting down. Today, Deloitte, the firm hired to oversee HMV’s administration, announced that 66 HMV stores will be closing throughout the …

As media consumption shifts to streaming and downloaded products, retailers of physical entertainment media are being forced to change rapidly or die ignoble deaths. At the same time that Blockbuster U.K. has entered administration (bankruptcy) and announced 160 of its …

Last week Blockbuster U.K. announced that it would be entering administration and begin looking for a buyer for its 528 stores across the U.K. Today, the real process of closing up shop has started and store closings have been announced. …

Coming just one day after U.K. electronics retailer HMV announced it would seek administration, auditing firm Deloitte has announced that it has been commissioned to administrate Blockbuster U.K. Deloitte was also mentioned as a possible administrator for HMV. Deloitte claims …

HMV, the British entertainment retailer, has announced that its discussions with creditors have come to an end and the company will enter administration. Trading of HMV stock has been suspended on the London Stock Exchange. Deloitte partners Nick, Edwards, Neville …

Over the weekend, a few reports popped up that all seem to suggest one thing: The iPhone 5 launch is around the corner. Of course, as it’s customary to remind everyone, rumors are rumors, which is why they’re called rumors. …

A U.S. Senate report has revealed that retailers (a number of which you may already know and trust), have accepted as much as $792 million to share customers’ credit-card information with direct marketing companies. Could your card number have been one that was shared? Would you have known?

Multi-channel retailers increased their U.S. paid search spend in Q4 08 by 12 percent compared to Q4 07.

Consumers continued to convert online at a steady rate, although they spent 10 percent less on average per transaction compared with the prior year, according to a report from SearchIgnite.

The Internet plays an increasingly essential role in retail for brick and mortar retailers, even for purchases made in-store according to a new survey from Nielsen Online.

People who had recently made consumer electronics purchases in a brick and mortar store, 80 percent bought from a store whose Web site they visited first. In addition 53 percent purchased from a retailer on whose Web site they had spent the most time.

It’s hard to know how the Direct Marketing Association (DMA) didn’t guess what it was getting into; contacting retailers isn’t the same as talking to random people on the street.  Still, a new study from the DMA revealed the interesting fact that 41 percent of its survey’s respondents don’t have brick-and-mortar stores.