J C Penney Piles Sale Upon Sale During Holiday Push
J C Penney ramps discounting ahead of Black Friday as CEO Jill Soltau pushes to clear slow moving inventory. Critics say the chain must shed aged brands and heavy on inventory to attract modern shoppers and avert a possible sale or takeover.
MENTIONED IN THIS ARTICLE
J.C. Penney
J.C. Penney Co
Jill Soltau
New York
Herald Square
Soltau
Neil Saunders
Global Data Retail
Alfred Dunner
Walmart
Target
Bill Simon
Fox
Ikea to cut 7500 jobs to focus on smaller urban stores
Ikea plans to cut about 7500 jobs worldwide mainly in office roles as it shifts toward online sales and urban small-format stores. The company aims to create 11500 new roles by opening 30 city-center stores and boosting e commerce and delivery.
MENTIONED IN THIS ARTICLE
Ikea
Wall Street Journal
Journal
Lars Petersson
U.S
Los Atg.Ikea
Burbank
Calif
Markets Closed for Thanksgiving Holiday
U.S. stock and bond markets remained shut on Thanksgiving Day as traders observed the holiday with exchanges closed nationwide. Trading will resume Friday with routine sessions anticipated.
Five Things to Know About Cyber Monday Deals
Cyber Monday is set to boost online shopping with expected record sales. Adobe Analytics reports 7.8 billion in online revenue in a 17.6 percent rise from 2017, with peak hours at 10 p.m. ET driving large daily totals. Toys may save about 19 percent, while apparel could sell out quickly.
MENTIONED IN THIS ARTICLE
National Retail Federation
Adobe Analytics
Adobe
FCC Proposes Plan to Fight Robocalls and Text Spam
The FCC unveiled two measures to curb robocalls and spam texts. A national database of recently disconnected numbers would help avoid misdialing. A second rule would give texts the legal status to allow carriers to block messages deemed spam, sparking criticism from Commissioner Rosenworcel.
MENTIONED IN THIS ARTICLE
FCC
Ajit Pai
Pai
Jessica Rosenworcel
Also Mentioned on This Page
Soltau’s
Alex Arnold
Odeon Capital
Joann Stores
Fabrics-And-Crafts
Jopenney
Jill Sottau
Cyber
Washington
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