Stories by Anne D'Innocenzio

Friday, June 3, 2016

Wal-Mart shareholder meeting comes at crossroads

FAYETTEVILLE, Ark. - Wal-Mart's CEO urged employees on Friday to reimagine its future in a fast-shifting retail landscape.
By Anne D'Innocenzio

Wednesday, May 11, 2016

Macy's slashes forecasts as sales slump

NEW YORK - Macy's is acknowledging that there will be no consumer splurge anytime soon. A gloomy holiday shopping season across much of the retail spectrum has seeped into a spring funk.
By Anne D'Innocenzio

Thursday, May 5, 2016

Wal-Mart is bringing back greeters

NEW YORK — Wal-Mart is bringing back greeters to a majority of its 5,000 U.S. stores.
By Anne D'Innocenzio

Friday, Feb. 26, 2016

Shares rise on upbeat revenue outlook

NEW YORK — Beware the underdog. J.C. Penney Co. delivered strong fourth-quarter results, wrapping up a year when it stole market share from rivals.
By Anne D'Innocenzio

Thursday, Feb. 18, 2016

Wal-Mart spending on its workers, stores and online

Wal-Mart is spending billions of dollars to pay its hourly workers more and spruce up its stores and online services. But its fourth-quarter results show that it'll take time to fix its business.
By Anne D'Innocenzio

Wednesday, Jan. 20, 2016

Wal-Mart announces raises for more than 1.2 million

NEW YORK — Wal-Mart is giving raises to the vast majority of its U.S. employees as part of its previously announced investment in its workforce.
By Anne D'Innocenzio

Friday, Jan. 15, 2016

Wal-Mart to shutter more than 260 stores

The closures include 154 stores in the U.S. that includes all of its locations under its smallest-format concept store called Wal-Mart Express.
By Anne D'Innocenzio

Thursday, Jan. 7, 2016

JC Penney emerges stronger from holiday

J.C. Penney reported a 3.9 percent increase in comparable-store sales during the holiday, while Macy's and Gap saw declines.
By Anne D'Innocenzio

Thursday, Dec. 31, 2015

Target's turnaround efforts are winning shoppers back

NEW YORK — Target’s efforts to draw shoppers back into its stores are paying off. Annabel Bernardo, who cut back after she felt it lost its fashion edge. Now, Bernardo, is back.
By Anne D'Innocenzio

Thursday, Dec. 10, 2015

Wal-Mart launches mobile payment system

Wal-Mart Stores said it's launching its own mobile payment system that will allow shoppers to pay with any major credit or debit card or its own store gift card through its existing smartphone app ...
By Anne D'Innocenzio

Thursday, Nov. 26, 2015

Expect to see cheaper sweaters, pricier toys this holiday season

Lack of must-have items, big discounts on winter clothes and pricey toys define the holidays.
By Anne D'Innocenzio

Sunday, Oct. 18, 2015

Stores work to speed up deliveries to shoppers

BETHELEHEM, Pa. - Christmas won't come early this year, but the gifts might.
By Anne D'Innocenzio

Friday, Oct. 16, 2015

Walmart, others respond to online shoppers' demands for speedy delivery

BETHELEHEM, Pa. - Just in time for the holiday shopping season, Amazon, Wal-Mart, Macy’s and other retailers are working behind the scenes to make sure they can deliver online orders to ...
By Anne D'Innocenzio

Thursday, Oct. 8, 2015

Holiday sales seen rising 3.7 percent

Americans are expected to spend at a slower pace than last year during the crucial winter holidays, weighed down by sluggish wage growth and other factors, according to the nation's largest retail ...
By Anne D'Innocenzio

Wednesday, Aug 19, 2015

Target boosts annual profit outlook as sales rise

NEW YORK — Target raised its annual profit outlook as the discounter’s efforts to spruce up fashions and other merchandise are resonating with shoppers.
By Anne D'Innocenzio

Tuesday, Aug 18, 2015

Pay raises, store spruce-ups crimp Wal-Mart's profit

The world's largest retailer cut its annual earnings outlook Tuesday because its profits are being squeezed by pay raises for workers and efforts to make its stores cleaner and friendlier and ...
By Anne D'Innocenzio

Friday, Aug 14, 2015

JC Penney's losses narrow in second quarter

J.C. Penney said Friday that its losses narrowed in the second quarter on better than expected sales, fueled by men's clothing, fine jewelry and the beauty brand Sephora. And a key revenue measure ...
By Anne D'Innocenzio

Wednesday, Aug 12, 2015

Macy's sets its sights on China amid tough US climate

NEW YORK — Macy’s Inc. is setting its sights on the Chinese shopper, with plans to test selling goods online in the world’s second largest economy late this year.
By Anne D'Innocenzio

Monday, June 22, 2015

Martha Stewart Living acquired for about $353 million

Martha Stewart Living Omni­media Inc. is being sold to Sequential Brands Group, which owns and licenses such brands as Ellen Tracy and Jessica Simpson.
By Anne D'Innocenzio

Tuesday, June 2, 2015

Some jobs at Wal-Mart will get pay raises

Wal-Mart is raising starting wages for more than 100,000 U.S. department managers and workers in its deli and other specialized departments.
By Anne D'Innocenzio
 
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