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economy - Page 3

Source:  JCPenney.com media
Source: JCPenney.com media
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JCPenney’s New Image Fails; Reports Large 1st Quarter Loss

Three months into JCPenney's new, "improved" image reveals one thing:  customers aren't impressed.  First Quarter numbers were recently posted, showing that the retailer was off by $163 million dollars.

Just prior the end of Q4 in 2011, JCPenney rolled out a

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(Photo by Chip Somodevilla/Getty Images)
(Photo by Chip Somodevilla/Getty Images)
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Retail Sales Slow To A Crawl

Despite the rosy reports coming from Washington, it appears that retail sales have slowed down to a stand-still.  The Commerce Department reported that retail sales figures grew only 0.1% in the the month of April - and forecasts for the summer aren't looking any better

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Category: Business News, US News Tags: ,
Source:  jcpenney.com media
Source: jcpenney.com media
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JCPenney’s Morale Problem

Earlier this year, JCPenney rolled out their new look and approach to retail sales - with a reduced emphasis on "sales" and "clearance" and more of an up-scale feel to their operations.  It was a direct effort to combat sluggish sales across the board in their stores.

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Category: Business News Tags: , ,
Source:  foodnut via flickr
Source: foodnut via flickr
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Appetite For Kids Meals Wanes

The love/hate relationship that Americans have with fast food kids meals seems to be taking another turn.
Long portrayed as a key contributor to childhood obesity, fast-food kids meals may be losing their appeal to youngsters — and, more importantly, their parents

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(Photo by Olivier Douliery-Pool/Getty Images)
(Photo by Olivier Douliery-Pool/Getty Images)
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Beware: Fiscal Cliff Looms For U.S. Market

As a country, we've done nothing to manage our debt the last couple of years.  In fact - we've added to it at a record rate.  Wall Street-"dooms-dayers" foretell of a fiscal cliff that the market is headed for.

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SourceL  Tumbler
SourceL Tumbler
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Low Tax Rate, Refund For Obama

I thought that millionaires were supposed to pay more in taxes?  Barack Obama's tax returns are public information and inquiring eyes have noticed two things:  His effective tax rate is lower than the 30% he proposes and he's also getting a very large tax refund!

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Category: US News Tags: , ,
Source:  Steve Rhode via flickr
Source: Steve Rhode via flickr
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One-Fifth Of U.S. Adults Don’t Use The Internet

The simple fact that you're reading this story puts you in the other category;  One-fifth of adults living in the United States don't use the internet.
Internet adoption among U.S. adults increased rapidly from the mid-’90s to about 2005

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Category: Tech Tags: , ,
Source:  Domirel via flickr
Source: Domirel via flickr
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The Rising Costs Of Cable Television

I'm not quite sure when - but sometime in our lifetime, cable television overtook broadcast TV as the default way that American's receive their video entertainment.  Roof-top antennas?  Gone.  Coaxial cable?  Hello!

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Source:  Getty images
Source: Getty images
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Majority Of Hybrid Owners Wouldn’t Buy Again

The Obama administration might have a problem on their hands if they're counting on the money they've spent on hybrids turning into satisfied American customers;  Two-thirds of current hybrid owners say that they would never buy another

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Source:  Tony Hart, esquire
Source: Tony Hart, esquire
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Superior Makes Way For CVS Pharmacy

Looks like developers for CVS Pharmacy are on track for their early-fall 2012 target for the grand opening of the Superior, Wisconsin location at 28th and Tower.  Trucks and heavy equipment appeared at the location the middle of last week and demolition of the convenience store that used to be at the corner started yesterday

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(Photo by Win McNamee/Getty Images)
(Photo by Win McNamee/Getty Images)
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Obama Thumbs Nose At Supreme Court; Appropriates $500 Million For Obamacare

Deciding not to wait until the Supreme Court rules on whether or not his health plans for the United States are lawful, Barack Obama has directed the government to divert $500 million to help the IRS implement his plans.

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Source:  Jamie3 dot org via flickr
Source: Jamie3 dot org via flickr
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Sony Corp Sheds 10,000 Jobs

In an effort to shore up the profits and reduce their losses, Sony Corp is cutting 6 % of their total global workforce.
The company’s new head, Kazuo Hirai, will confirm the reductions in what is sure to be a heavily watched briefing on Thursday, the country’s Nikkei newspaper reported Monday

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Category: Business News, TV News Tags: ,

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