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Keyword: retail

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  • Target Blocks Group's Emails Complaining of Gay Pride Shirts

    06/02/2012 7:00:33 PM PDT · by massmike · 12 replies ^ | 06/02/2012 | Audrey Barrick
    Giant retailer Target has blocked emails from the conservative American Family Association after its supporters began urging the company to pull its promotion of homosexuality. "I hope you will not let Target silence your voice. I encourage you to call their corporate office and share your personal thoughts," the family group told supporters. Target has partnered with Family Equality Council and is currently supporting the LGBT group with 100 percent of the proceeds it receives through its collection of gay pride T-shirts (up to a maximum donation of $120,000). When Target began selling the pro-gay shirts late May, the American...
  • J.C. Penney two-dad ad features local family and DBJ honoree (Father's Day has gone gay...)

    05/31/2012 5:44:18 PM PDT · by jimbo123 · 51 replies
    Dallas Business Journal ^ | 5/31/12 | Steven R. Thompson
    In its June book, J.C. Penney Co Inc. ran an ad featuring another same-sex couple, but this time it features two dads in honor of Father’s Day.
  • J.C. Penney stock sinks on falling sales

    05/16/2012 5:27:00 PM PDT · by fwdude · 44 replies
    CNNMoney ^ | May 16, 2012 | Maureen Farrell
    NEW YORK (CNNMoney) -- J.C. Penney gave investors two reasons to ditch the stock: the retailer said Tuesday that it is suspending its dividend and that sales are dropping dramatically. The budget-conscious chain said same-store sales dropped roughly 19% in the first quarter of 2012.
  • J.C. Penney swings to loss, suspends dividend (Thanks to Ellen Degeneres...)

    05/15/2012 4:57:17 PM PDT · by jimbo123 · 122 replies
    Marketwatch ^ | 5/15/12 | Andria Cheng
    J.C. Penney Co., which is making major pricing and merchandising changes, said Tuesday that it swung to a first-quarter loss that was larger than expected and that it no longer expects to meet its previous profit forecast for the year. -snip- The net loss was $163 million, or 75 cents a share, compared with a profit of $64 million or 28 cents a share a year earlier. Sales in the quarter ended April 28 fell 20% to $3.15 billion.
  • Millennials Are Keeping The Economy Afloat One Splurge At A Time [technology addicted]

    05/14/2012 7:14:49 AM PDT · by fight_truth_decay · 11 replies
    The Fiscal Times ^ | May 11, 2012 | Julie Halpert
    John T. Rogers, age 26, grew up in rural West Texas, raised by a single mother who often worked three jobs to make ends meet. He says his 59-year-old mother remains fiscally conservative, refusing to spend a dime on herself, though she now earns a respectable income. But when it comes to spending, Rogers is not following in her footsteps. "Not to knock J.C. Penney's, but I definitely wanted to step up my style," he said. Earning $46,000 a year as a communications manager for a private, non-profit university in Denver hasn't held him back. He bought a hybrid Lexus...
  • JC Penney Features Same-Sex Couple in May Catalogue

    05/13/2012 11:07:01 AM PDT · by Steelfish · 77 replies
    ABCNews ^ | May 12, 2012
    May 12, 2012 JC Penney Features Same-Sex Couple in May Catalogue Fifteen years ago, when advertisers got wind that Ellen DeGeneres was going to “come out” on her popular sitcom show “Ellen,” some advertisers fled. One of them was JC Penney. Flash forward to one of their newest clothing ads in the May catalog. It features a real-life same-sex couple. The photograph is of two models identified as Wendi and Maggie holding their two daughters. Both women appear be wearing wedding bands. Quietly, gradually and largely without protest, advertising is starting to reflect new attitudes and new realities about who...
  • JCPenney under attack from conservative group over lesbian couple in new Mother's Day campaign

    05/03/2012 11:36:54 AM PDT · by Pinkbell · 37 replies
    Daily Mail ^ | May 2, 2012 | Olivia Fleming
    The conservative group One Million Moms has launched an attack on JCPenney for featuring a lesbian couple in its new Mother's Day promotion. The group released a statement urging its members to take action against the brand's store managers, in the hope their complaints will be passed on to head office. According to its website, One Million Moms (OMM) is angry JCPenney is 'taking sides' in the 'cultural war' on gay rights. The statement says: 'On pages ten and eleven, under the title “Freedom of Expression,” you’ll find “Wendi and her partner Maggie and daughters”. In the picture both women...
  • Ikea to enter home electronics market

    04/17/2012 4:11:19 AM PDT · by WesternCulture · 32 replies ^ | 04/17/2012 | Rebecca Martin
    <p>I wish IKEA good luck. I don't know much about the market for home electronics in America, but If they manage to compete over here in Europe with the German chain of Media Markt, I'll readily admit Mr. Kamprad (founder and owner of IKEA) to be the greatest business genius on Earth.</p>
  • Best Buy announces locations for store closings

    04/14/2012 5:34:30 PM PDT · by nuconvert · 97 replies
    Best Buy on Saturday announced the locations of 50 stores that it is closing this year, including seven in California, six in Illinois and six in the company's home state of Minnesota
  • Coke caves in face of Democratic boycott threat

    04/04/2012 3:37:45 PM PDT · by ColdOne · 38 replies ^ | 4/4/12 | Paul Bedard
    emocratic officials Wednesday launched a two-pronged attack on states with new laws requiring identification before voting, the highlight being a call to boycott Coke, Walmart and others that back a leading organization pushing for voter ID laws. Coke was quick to react to the political boycott threat, pulling support from the targeted group just five hours after it was called. Walmart said that support for a group does not mean it backs every decision by those groups. At issue: Liberal claims that some states are trying to keep minority voters from the polls via voter ID laws, a suggestion conservatives...
  • Best Buy sales disappoint; to close stores, cut jobs

    03/29/2012 8:39:03 AM PDT · by nuconvert · 33 replies
    Best Buy Co reported weaker-than-expected sales for the key holiday quarter, prompting the world's largest electronics chain to close 50 U.S. stores and cut 400 jobs in corporate and support areas. -excerpt- Best Buy is now trying to focus on its smaller format stores. It will close 50 U.S. big-box stores and open 100 Best Buy small-format, stand-alone stores in the current fiscal 2013.
  • Higher gas prices lift retail sales

    03/13/2012 8:26:29 AM PDT · by tobyhill · 15 replies
    cnn ^ | 3/13/2012 | By Chris Isidore
    Consumers were spending more in February, but a big part of the rise was caused by rising gas prices. Overall retail spending rose 1.1% in February compared to the month before, according to Tuesday's Commerce Department report. But spending at gas stations jumped 3.3% in the month, as gas prices rose almost continually throughout the period. Stripping out spending on gasoline prices, retail spending posted only a 0.8% rise in the period.
  • Analysis: Wal-Mart's price push tests manufacturers' prowess

    03/06/2012 9:43:37 AM PST · by Hojczyk · 21 replies
    yahoo Finance ^ | March 6, 2012 | Martinne Geller and Jessica Wohl
    Consumer staples companies have a problem. It costs more to make everything from soup to soap to soda, but when they raise prices they turn off consumers and strain their relationships with Wal-Mart Stores Inc, their biggest customer. For some companies, like Clorox Co and Kraft Foods Inc, the problem can be comparatively easy to handle. They either have brands that consumers like, and therefore Wal-Mart needs, or they are big enough to have significant negotiating power. "I think we reached the wall in terms of raising price. Consumers can't take any more," said Edward Jones analyst Jack Russo, citing...
  • AllState, Sears Join List Of Advertisers Announcing No More Ads On Limbaugh

    03/05/2012 4:02:37 PM PST · by Free ThinkerNY · 112 replies
    Mediaite ^ | March 5, 2012 | James Crugnale
    The furor over Rush Limbaugh‘s controversial comments directed at Georgetown University law student Sandra Fluke has lead to advertisers dropping his eponymous radio program. 12 advertisers, including Sleep Number, The Sleep Train, Quicken Loans, Legal Zoom, Citrix, Carbonite, ProFlowers, AOL, Bonobos, Sears, and Allstate Insurance have pulled ads from the program, and/or distanced themselves from the show, either permanently or temporarily, ThinkProgress’s Adam Peck reports. “Allstate’s advertising purchase strategy has not included the Rush Limbaugh Show,” the company wrote in a statement on their Facebook page. “Earlier today, we responded to inquiries about our advertising relationship with the show by...
  • In Retreat, Sears Set to Unload Stores [Obama's America: End of An American Retail Giant]

    02/23/2012 10:31:44 PM PST · by Steelfish · 36 replies
    Wall St. J ^ | February 23, 2012 | MIGUEL BUSTILLO AND DANA MATTIOLI
    FEBRUARY 24, 2012 In Retreat, Sears Set to Unload Stores [Subscriber Content Preview] BY MIGUEL BUSTILLO AND DANA MATTIOLI After seven years of trying to rebuild the iconic retailer Sears, hedge-fund manager Edward S. Lampert reversed course on Thursday, announcing that Sears Holdings Corp. will unload more than 1,200 stores in an effort to raise up to $770 million of much-needed cash. Many on Wall Street interpreted the move as the beginning of the breakup of the company. Sears on Thursday reported a loss of more than $3 billion for 2011, and same-store sales have fallen for six straight years....
  • Sears announces 16 more stores closures, including five in Illinois

    02/23/2012 1:44:30 PM PST · by mdittmar · 21 replies ^ | February 23, 2012 | Brigid Sweeney
    Sears Holdings Corp. listed 16 more stores it will close, including five Sears and Kmart sites in Illinois. The closures include a full-line Sears store in downstate Alton; a Sears Grand store in northwest suburban McHenry; and three Kmart stores in west suburban Oak Lawn, north suburban Zion and Peru, in north central Illinois. The full list is available on Sears' website. The additional closings came hours after the money-losing retailer announced dismal fourth-quarter and full-year earnings, and about two months after the Hoffman Estates-based company first announced it would shutter 120 stores. So far, the Hoffman Estates-based company has...
  • Food Lion robbery hero faces pain with no regrets

    02/19/2012 7:51:20 AM PST · by csvset
    Daily Press ^ | February 15, 2012 | David Macaulay
    NEWPORT NEWS — Kelvin White sometimes gets uncomfortable when strangers approach on the street. But that is not nearly as bad as the dreams he has almost nightly of people out to kill him. Almost four months after White tackled a man accused of posing as an FBI agent in a robbery at Food Lion at Newmarket Square in Hampton and was shot by another man, he is still suffering from excruciating pain from the bullet that shattered his right leg.
  • Citizens help foil robbery attempt in Virginia Beach

    02/19/2012 7:33:33 AM PST · by csvset · 12 replies
    The Virginian-Pilot ^ | 18 Feb 2012
    When two alleged teenage thieves tried to flee a Best Buy, their escape attempts - dodging cars and wielding a small samurai sword - played out like something from the game systems they were trying to steal. Doug Kennedy and his son were heading toward the store on Independence Boulevard on Wednesday night when he saw two or three youths getting away with merchandise. A store employee was screaming after them. "I just thought, no, you can't do this," Kennedy said Thursday. The Virginia Beach resident tackled one. As he tried to pin him down, one of the teen's hands...
  • J.C. Penney CEO on Ellen DeGeneres controversy

    02/09/2012 6:56:53 AM PST · by narses · 257 replies · 1+ views
    CBS ^ | February 9, 2012 8:47 AM
    (CBS News) J.C. Penney is trying to rebuild its customer base with help from a new spokeswoman, Ellen DeGeneres. But a group called One Million Moms is accusing the company of "jumping on the pro-gay bandwagon." DeGeneres responded to the group on her TV show Wednesday, saying, "I'm happy about (being the spokesperson) J.C. Penney is happy about it. But there's this group called One Million Moms that is not happy about it. And normally I try not to pay attention to my haters, but this time I'd like to talk about it because my haters are my motivators. This...
  • JC Penney Offends Traditional Families Again (By Using Ellen DeGeneres as spokesperson)

    02/02/2012 2:08:23 PM PST · by NYer · 85 replies · 1+ views
    OneMillionMoms ^ | February 1, 2012
    Recently JC Penney announced that comedian Ellen Degeneres will be the company's new spokesperson. Funny that JC Penney thinks hiring an open homosexual spokesperson will help their business when most of their customers are traditional families. More sales will be lost than gained unless they replace their spokesperson quickly. Unless JC Penney decides to be neutral in the culture war then their brand transformation will be unsuccessful. Their marketing strategy is to help families shop and receive a good value for their money. Degeneres is not a true representation of the type of families that shop at their store. The...