Penney Intermediate Holding reported its JCPenney operations turned to a loss in the second quarter as traffic remained slow. Net loss was $33 million versus net income of $36 million in the year-previous quarter. Comparable sales slipped 7.7% in the quarter year over...
Real estate investment trust and JCPenney owner Simon Property Group is launching a new nationwide campaign to highlight the shopping mall’s continuing cachet as a go-to destination for consumers across generations in the United States. Dubbed “Meet Me...
According to the 2024 U.S. Holiday Shopping Forecast from Adobe Digital Insights, e-commerce growth during the November/December core shopping season has the potential to produce an online spending record of $240.8 billion, up 8.4% from 2023, as inflationary pressures...
In support of small businesses, eBay announced recipients of its fifth annual Up & Running Grants, a program established to further its mission of creating economic opportunity for all. For 2024, eBay awarded 50 sellers in the United States $10,000, plus training...
The strike deadline at East and Gulf Coast Ports in the United States is midnight September 30, and as the possibility of a job action looms, retailers and their vendors have been preparing for supply chain disruptions. Negotiations between the International...
