Gap’s same-store sales will likely fall in its fiscal third quarter, which ends this month, CEO Glenn Murphy warned at an investor meeting in New York on Thursday.
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Shares of J.C. Penney surged as much as 16% after activist investor Bill Ackman’s Pershing Square Capital Management disclosed that it had purchased a 16.5% stake in the struggling retailer.
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Nothing in the layout of a retail store is random, from the baskets of enticing new products near the entrance to the packs of gum around the cash register. Retailers have come up with at least a half-dozen tricky tactics to am…
The retail recovery may be slowly getting on track, with major store chains expected to show a mild uptick when they report September sales numbers. Investors will be watching closely for signs of what to expect for the holiday…
Forget the down-at-its-heels economy, women are still head-over-heels for outlandish designer shoes. Many are willing to spend up to $4,000 for oh-so-fabulous footwear. The crazier, the scarier, the stranger, the better. Take a…