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Struggling J.C. Penney fires its president

J.C. Penny

J.C. Penney Co.’s transformation team started to unravel on Monday. Penney president Michael Francis was fired after only eight months as the No. 2 executive at the Plano-based department store chain. Francis’ abrupt departure appears to be another corrective step from CEO Ron Johnson, who recently acknowledged that Penney’s marketing message has confused shoppers.

 

Barnes & Noble Objects to E-Book Settlement

Barnes & Noble

Barnes & Noble told the U.S. Justice Department that a proposed price-fixing settlement with several major book publishers will hurt the company and consumers.

 

Best Buy Chairman Leaving Early

The company’s founder, Richard Schulze, said he was leaving the board immediately and also said he was looking to sell his 20.1 percent stake in the retailer, worth about $1.3 billion.

 

Amazon Ramps Up Hiring

Amazon.com

Amazon has set a torrid hiring pace in recent months, accelerating a rate of employee acquisitions that was already well ahead of most large corporations.

 

Macy's Profit Rises 38%

Macy's reported higher fiscal-first-quarter earnings on solid sales gains and constraints on overhead costs.

 

A termination-fee warning about discount cellphones

Buying a smart phone from a third-party, discount online retailer might seem like a shrewd move, but a $50 discount could cost you $400 later if something goes wrong.

 

Amazon Plans Its Next Conquest: Your Closet

The online retailer is now using its vast resources to become a major seller of high-end clothing.

 

Target April sales rise, but miss analysts' view

Target Store

Target Corp. said Thursday a key sales figure rose 1.1 percent in April, but it fell short of analysts' expectations. Analysts expected the discount retailer to post a 2.8 percent increase in stores opened at least one year, according to Thomson Reuters. That metric is a key gauge of a retailer's health because it excludes results from stores recently opened or closed.

 

Microsoft plugging $300 million into Nook

Nook

Microsoft Corp will invest $300 million in Barnes & Noble Inc's digital and college businesses in a deal that values the businesses at $1.7 billion.

 

The Era of No Amazon Sales Taxes is Nearly Over

Amazon Sales Tax

Although headquartered in State, Amazon already collects sales tax in Kansas, Kentucky, , North Dakota and . What's more, here's a coming his list where and when you'll be taxed on Amazon purchases: Texas, July 2012 California, September 2012 Virginia, September 2013 Indiana, January 2014 Nevada, January 2014 Tennessee, January 2014 South Carolina, January 2016 ...

 

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