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Retail

  • Report: RadioShack to close about 500 stores

    New York -- RadioShack Corp. will close about 500 stores within months as part of its ongoing restructuring, the Wall Street Journal reported on Tuesday. The retailer, which is due to report results for the fourth quarter later this month, has about 4,500 locations.

  • J.C. Penney Q4 same-store sales up 2% in first quarterly gain since 2011

    Dallas -- J.C. Penney Company on Tuesday said its same-store sales rose 2% in the fourth quarter, which included the holiday season. It was the chain’s first positive quarterly sales result since 2011.

  • Consumers won’t splurge on Cupid this Valentine’s Day

    On the heels of a healthy yet modest holiday shopping season, cautious consumers aren’t quite ready to splurge on Valentine’s Day this year, continuing to keep their budgets in check.

  • Caribou Coffee puts up 64-ft.-tall Pinterest board at Mall of America

    New York -- Caribou Coffee has taken over the rotunda in the nation’s largest shopping center, Mall of America, Bloomington, Minn., to put up a 64-ft.-tall “Living Pinterest Board” to celebrate the launch of its new Real Inspiration blend, created in collaboration with its fans on Pinterest. The Caribou board is on display through Thursday, February 13.

  • Wet Seal director resigns for retail CEO role

    Foothill Ranch, Calif. -- Mindy C. Meads has resigned from the board of directors of The Wet Seal, effective Feb. 4, in order to focus on her new role as CEO of specialty women’s apparel retailer Calypso St. Barth.

  • Corner Bakery Café continues California expansion

    Dallas - Corner Bakery Cafe has awarded its first multi-unit development agreement of 2014, and plans to open nine new restaurants in the Central Valley area of California with new franchise partner C&L Cafe, LLC. The group of veteran restaurant operators plans to open its first cafes in 2014 and the remaining sites over the next five years.

  • Report: Walgreens files mobile refill patent suit

    Deerfield Park, Ill. – Walgreen Co. is reportedly suing CVS Caremark Corp., Rite Aid Corp. and Shopko Stores Inc. for allegedly infringing on a patent for using mobile phone scanners to refill prescriptions. According to Bloomberg, Walgreens filed a complaint in federal court in Wilmington, Del., saying the three competitors are violating a patent it received in January 2013.

  • San Antonio and Seattle top Amazon’s romantic list

    Amazon did a bit of Valentine’s Day data mining of sales of romance novels and sexy music to come up with its fifth annual list of the nation’s top 20 romantic cities. And people are worried about the NSA’s activities?

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