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Target cuts forecast on sluggish holiday sales
Another retailer is reporting a less-than-stellar holiday. Target Corp. on Wednesday cut its guidance for the fourth quarter and year on the heels of a 1.3% decline in same-store sales in November and December. (Total sales for the combined month decreased 4.9%, reflecting the impact of the December 2015 sale of the company’s pharmacy and clinic businesses.) -
J.C. Penney’s latest in-store partner is…
J.C. Penney has scored with Nike. The department store retailer has teamed up with the athletic giant to open Nike branded in-store shops in more than 600 Penney locations across the country. Anchored by a Nike swoosh, the 500-sq.-ft. shops are located within the men’s department,

