Finance & Capital Management

Today’s very weak results underline the fact that J.C. Penney is now the laggard of the retail industry.

The Michaels Company is looking for a new chief executive.

J.C. Penney is trimming its real estate footprint as it looks to allocate its resources to stores and initiatives that offer the greatest long-term value potential.

Amazon is offering Prime members a more tailored delivery option that will also help the retailer lower its escalating shipping costs and reduce its carbon footprint.

Gap Inc. is spinning off fast-growing Old Navy as a standalone company. It also plans to close about 230 namesake stores during the next two years.

L Brands reported mixed results for its crucial fourth quarter amid falling sales at its embattled Victoria’s Secret division.

J.C. Penney is making several key additions to its management ranks — including a new chief merchant — as Jill Soltau, who took the reins as CEO last fall, continues to build her team.

Office Depot’s increased emphasis on business services and solutions drove the chain’s revenue growth in the fourth quarter.