(Mark Clifton)

Former JCPenney CEO: Should Have Stayed With My Plan Despite $6B Loss

Former JCPenney CEO Ron “No Sales Here” Johnson may have cost the retailer $6 billion in sales during his tenure, but the executive believes his plan could have turned around the company, eventually.  [More]

Tesla Can Continue Selling Cars Straight To Consumers In Indiana For At Least A Year

Tesla Can Continue Selling Cars Straight To Consumers In Indiana For At Least A Year

Electric car-seeking Indiana residents can still buy their new Tesla without having to go out of state, at least for the time being. State senators have tabled a bill that would have banned the carmaker from selling vehicles under its current, often controversial, straight-to-consumer business model.  [More]

JCPenney Will Actually Be Selling Some Items For A Penny

JCPenney Will Actually Be Selling Some Items For A Penny

Not so long ago, JCPenney was pushing the idea of “No More Sales,” hoping to attract shoppers with everyday low prices. That didn’t work, and now the retailer is going in the completely opposite direction with upcoming promotions where it intends to sell things for just a single penny. [More]

We Can Blame Ron Johnson For The Wave Of ‘Perpetual Sale’ Lawsuits, Maybe

We Can Blame Ron Johnson For The Wave Of ‘Perpetual Sale’ Lawsuits, Maybe

In the last few years, consumers, usually based in California, have been filing lawsuits against retailers and their outlet stores alleging that “suggested” and “original” prices on items are pretty much just pulled out of the air. Seeing the amount or percentage that we saved is thrilling for some shoppers, but those “original” prices were never official prices. Whose fault is this? Former JCPenney CEO Ron Johnson, maybe. [More]

Here’s What You’ll Find On Sale In February

Here’s What You’ll Find On Sale In February

Our deal-crunching colleagues down the hall at Consumer Reports maintain a national calendar of deals, which tracks which items are on sale during which months so you can plan your spending accordingly. What can you find on sale in February? You should be looking for indoor furniture (especially mattresses), winter clothing, and humidifiers. [More]

Tesla Applied For A Dealership License In Michigan

Tesla Applied For A Dealership License In Michigan

Michigan residents keen on purchasing a Tesla may no longer have to travel to Chicago, Ohio, Indiana, or Canada: Tesla has applied for dealership licenses to sell and service its electric vehicles in the state nearly two years after legislators passed laws banning the company’s direct-to-customer sales model.  [More]

JCPenney Testing Appliance Sales By Creating An “Emotional Connection” With Women

JCPenney Testing Appliance Sales By Creating An “Emotional Connection” With Women

Nearly 30 years after JCPenney discontinued selling ovens, refrigerators, washers, and the like, the retailer is once again dipping its toes into the appliance business, this time with a focus on targeting female shoppers.  [More]

Lawsuit Accuses Fiat Chrysler Of Paying Dealers To Falsify Sales Reports

Lawsuit Accuses Fiat Chrysler Of Paying Dealers To Falsify Sales Reports

Each month for the past six years Fiat Chrysler has reported gains in sales. But a new lawsuit accuses the carmaker of conspiring with dealers to inflate U.S. sales, casting a shadow of doubt over those impressive numbers. [More]

Victoria’s Secret Giving Away $70 Workout Pants When You Buy $30 Sports Bras

Victoria’s Secret Giving Away $70 Workout Pants When You Buy $30 Sports Bras

Usually, when someone offers a “Buy X, Get Y Free” deal, Y is something that costs the same or less than X. But that is apparently not the case for a deal currently being offered by Victoria’s Secret.  [More]

Chipotle’s Sales Took A Deeper Dive Than Previously Expected Amid Food Safety Issues

Chipotle’s Sales Took A Deeper Dive Than Previously Expected Amid Food Safety Issues

It’s safe to say that Chipotle’s year is off to a rough start. Today, the company announced that it had received a subpoena from a grand jury looking into the circumstances surrounding a norovirus outbreak in California, and then it disclosed another bit of not-so-great news to investors: sales this quarter are down even more than analysts predicted in November. [More]

kenfagendotcom

For Reasons Good And Bad, 2015 Was A Big Year For McDonald’s

By now you’ve probably heard that McDonald’s may have managed to turn years of slumping sales around by offering customers the ability to munch on an Egg McMuffin (or biscuit, if you live in the right place) after 10:30 a.m. But before the company ultimately went the all-day breakfast route, it tried a lot (we mean a lot) of other ideas in 2015 in an attempt to claw its way back to the top of the fast food restaurant pyramid. [More]

Hoverboard Catches Fire At Texas Mall, Federal Safety Officials Record 22 Explosions In 17 States

Hoverboard Catches Fire At Texas Mall, Federal Safety Officials Record 22 Explosions In 17 States

Even as the holidays wind down, so-called “hoverboards” continue to be a hot ticket at retailers and shopping malls around the country. One such busy mall happened to be in Texas where a self-balancing scooter caught fire, marking it just one of dozens of fires reported to federal safety officials in recent months.  [More]

(Lanoka Harbor Fire Station 61)

Yet Another “Hoverboard” Catches Fire While Charging, Singes Carpet In New Jersey Home

As expected, so-called “hoverboards” – that don’t actually hover at all – were a hot commodity under the Christmas tree. But for one New Jersey family, the holiday gift quickly turned from exciting new device to dangerous fire-starter after it burst into flames while charging.  [More]

Analysts Predict Chipotle Sales Slump To Continue Into Late 2016 Amid Food Safety Issues

Analysts Predict Chipotle Sales Slump To Continue Into Late 2016 Amid Food Safety Issues

Back in November when Chipotle’s woes centered solely on a six-state E. coli outbreak, stock analysts predicted the company’s sales would be down for the fourth quarter. Now, with the addition of another rare strain of E. coli sickening five customers in two additional states and more than 150 students sick from norovirus in Boston, analysts are anticipating declining sales for the fast casual restaurant until at least September 2016.

[More]

CPSC Intensifies Investigation Into Exploding “Hoverboards,” USPS Restricts Shipments

CPSC Intensifies Investigation Into Exploding “Hoverboards,” USPS Restricts Shipments

One of the holiday’s hottest gifts has gotten a bit too hot, literally. Following claims that so-called “hoverboard” scooters have caught fire while charging, retailers have pulled the popular devices to ensure they’re safe. In the meantime, the country’s top product safety regulator says his agency is working “non-stop” to find the root cause for the fire hazards linked to the self-balancing scooters.  [More]

(jayRaz)

Anheuser-Busch Distributor Incentive Program Raises More Concerns Of A Stifled Craft Beer Market

With its $107 billion merger with SABMiller making waves and federal regulators investigating its purchase of several small distributors, one might think that Anheuser-Busch InBev would lay low when it comes to rocking the distribution boat. But that’s apparently not the case, as the company recently unveiled an incentive program that would provide distributors with a sliding scale of bonuses if most of the beer they sell comes from the brewer.   [More]

the_justified_sinner

Can You Spot The Black Friday Deal? Sale-Stacking Makes It Harder

Happy Shopping Frenzy Week! Marketers no longer want to confine Black Friday to the last Friday in November, and instead have started the festivities as early as Nov. 2. Fine. Now we’re heading into the final week of Deal Season. Yet something isn’t a deal just because a retailer’s ad tells you it is. How do you navigate layers of discounts and know what a fair price for something is in the first place? [More]

Stock Analysts Believe That Chipotle Sales Will Be Down This Quarter For Some Reason

Stock Analysts Believe That Chipotle Sales Will Be Down This Quarter For Some Reason

Are people heading somewhere other than Chipotle when a burrito craving strikes them? Stock analysts think so: while the company won’t release their fourth-quarter sales results for another few months, the after-effects of what is now a six-state E. coli outbreak will keep at least some customers out of restaurants for the immediate future. Especially if the chain and public health officials aren’t able to figure out what caused the outbreak. [More]