Tag Archive for: retail

JC Penney prices cause profit fall


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Department store conglomerate JC Penney made headlines this week but not for a reason that any company would want: The department store chain reported quarterly results that were so shockingly bad, they might have been the worst numbers in retail history. The reason for the company’s rapid decline is its recent implementation of the revolutionary […]

Black Friday poses moral and economic threat


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The shoppers are at it again. This year’s Black Friday weekend surpassed last year’s record-breaking retail revenue of $52.4 billion, with Reuters recording $1 billion in online sales the first day alone. According to the Los Angeles Times, 247 million shoppers spent a total of $59.1 billion just this weekend—yet another record. As great as […]