Once upon a time it was practically guaranteed that no matter what was happening with the economy, the 99¢ or $1 stores would not be affected. After all, if regular stores were too expensive for cash-strapped Americans, many would no…
RadioShack: What Went Wrong For the Company?
RadioShack by its very name is a throwback to the 20th century, a time period fading further and further into the past as future generations look elsewhere for their high-tech gizmos. That may be at the heart of why the…
JCPenney Closing 33 Under-performing Stores In Spring
The start of 2014 has not been a good one for various big-named retail stores. For example, Target encountered various issues with their credit card information debacle. Now, popular clothing and home-goods department store JCPenney recently announced that they will…
Penney Store Closings of 33 Locations Will Cut 2,000 Jobs
On Wednesday, January 15th, J.C. Penney Co. announced the shutdown of 33 stores mainly located in smaller markets that have been experiencing a continual decline in customer visits. According to Chief Executive Mike Ullman, the clothing company chain has experienced a…
Penney Store Closings And Job Cuts To Save Company $65 Million
This past Wednesday, J.C. Penney announced it would be closing down 33 stores throughout the nation and cutting 2,000 jobs. The changes are part of an effort to save nearly $65 million each year. J.C. Penney Ceo, Myron Ullman III,…
Target Now Says 70 Million Customers Had Personal Info Stolen, Announces Store Closings
It turns out that the much-publicized data breach that Target announced last month is way bigger than previously revealed. Target announced in December that 40 million credit and debit card accounts had been impacted between November 27th and December 15th.…
Best Buy CEO Resigns, Interim CEO Named
Best Buy CEO Brian Dunn, seen above shaking hands with Black Friday shoppers, has resigned from his position. The Best Buy Co., Inc. board of directors announced today that Dunn would be stepping down, saying there were no disagreements between…
Best Buy Closing 50 U.S. Stores, Stock Drops
It has been reported that Best Buy plans to close 50 big-box U.S. stores by 2013, causing its stock to take a hit. Still, the company says it seeks to open 50 stores in China, after reporting its quarterly results.…