Robert Reed: An Amazon-Target deal would mean a very different shopping experience

Sooner rather than later, Amazon is going to buy a big, well-known, traditional retailer. When it does, expect the e-commerce giant to take aim at Target. This is not an idle stretch of the imagination or investor whimsy. A respected tech industry analyst, Gene Munster, has boldly predicted Amazon will acquire Minneapolis-based Target, most likely this… Please follow and like us:

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J.C. Penney, having slashed prices on slow-moving merchandise, warns of poor results

DALLAS — J.C. Penney cut its outlook for full-year results on Friday saying it accelerated markdowns in the third quarter ended in October to move out slow-moving apparel, primarily in women’s, its largest department. The company said it now expects 2017 comparable store sales to be flat or down 1 percent versus its most recent guidance… Please follow and like us:

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Toys ‘R’ Us may file for bankruptcy before holiday season, reports say

WAYNE – Toys ‘R’ Us, the New Jersey-based toy retailer adored by children for nearly 70 years, may file for bankruptcy protection as early as Monday just as the holiday season approaches, according to reports. The potential bankruptcy comes as sales continue to fall and online shopping continues to grow. The company has about 32 stores… Please follow and like us:

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J.C. Penney reports a wider-than-expected loss; stock at historic lows

DALLAS — J.C. Penney reported a bigger loss than expected on Friday as margins took a hit from liquidation sales. In its second quarter, Penney, based outside Dallas, closed 127 stores of the 138 stores it has said it will close this year but still managed to post a sales increase of 1.5 percent. The retailer’s… Please follow and like us:

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