News

The J.C. Penney Co. Inc. is in the green again – at least when it comes to taking its sustainability responsibilities very seriously.

Walmart plans to stop selling certain types of assault and sporting rifles, the company said on Wednesday.

“There wasn’t a whole lot of demand for those products so we replaced them with products we have seen customers coming into purchase it," Walmart spokesman Kory Lundberg told Fortune. 

The move comes as the largest seller of guns and ammunition in the U.S. has been a large part of the national gun debate following recent shootings.

Target is looking to return to the days when shoppers flocked to its stores for fabulously designed products, thanks to new directon from CEO Brian Cornell.

According to Ad Age, the company is refocused on wooing shoppers once again with a renewed emphasis on design that is "fab and functional," one of Target's core areas where the retailer really stands out in the crowded mass market field.

Read more about Target's design focus by clicking here.

Chicago -- The nation’s finance chiefs have a lot on their minds these days, from uncertainty in the U.S. economy to cybersecurity to regulatory and compliance issues. Another big concern: Congressional dysfunction around tax reform.

New York -- Not only is Amazon.com launching its one-hour Prime Now delivery service in its hometown of Seattle, but it's also adding a whole new category of deliverable products.

The retailer announced Tuesday it will add wine, beer and spirits to its assortment of eligible products for Prime Now delivery.

With the launch of Prime Now in Seattle, it's the first U.S. city to include alcohol in the assortment of products eligible for the quick-delivery service.

Indianapolis -- Two of the nation’s largest athletic brands are teaming up.

The Finish Line has joined with Puma for the launch an in-store shop concept called the Puma edge at Finish Line.

Finish Line will open 10 initial Puma shops within targeted retail locations across the country and online at FinishLine.com in August. The experience includes expanded product offerings with a unique approach to marketing and content creation designed specifically to connect the Puma brand to the Finish Line consumer.

New York -- Consumers didn’t let the heat get them down in August.

Consumer confidence rebounded in August, rising 10. 5 points to the strongest reading in seven months after having fallen sharply in July.

The Conference Board said Tuesday that its index of consumer confidence rose to 101.5 in August, up from a revised July reading of 91.0. It was the best showing since January.

Cambridge, Mass. – It’s not only middle-aged women that like to browse retail stores.

Bucking demographic stereotypes that suggest men and millennials are more tech-oriented, it turns out both groups are more likely than other consumer groups to browse in-store.

At least that’s according to a new study from Adroit Digital, “Marketing to Millennials,” which found that 57% of millennials do the majority of their retail browsing in-store, close to the 61% of consumers 35 and older who are in-store browsers.

New York -- Coming soon: a theatrical spin on the drama surrounding American Apparel and its controversial founder and ousted CEO Dov Charney.

The play, entitled “Unseamly,” is due to make its off-Broadway debut on October 8, at the Urban Stages theatre. The drama, which first ran in Montreal in 2014, was written by Oren Safdie a first cousin of Charney. (Safdie has had several plays produced off-Broadway).

Seattle – Amazon.com is reportedly planning to offer customers a new option for directly picking up orders.

According to GeekWire, Amazon is currently testing the service, called Amazon Flex, in its Kirkland, Washington, distribution facility.

A sign inside the facility instructs Amazon Flex users to take a ticket with a number, look for the number to be displayed, and then pick up their package. Amazon has not discussed exactly how Flex would work, or when or where it may roll out.