Macy's Unveils New Store Experience In 36 LocationsThe concept, which curates merchandise around a theme and rotates every four to six weeks, comes at a time when department stores like Macy's are trying to rethink how to better excite shoppers who are increasingly going online.
Target Raises Its Minimum Wage To $13 From $12With unemployment near rock bottom, retailers are under pressure to find qualified workers. In October, Amazon announced a minimum hourly wage of $15 for its U.S. employees.
J.C. Penney Closes More Stores As Sales DeteriorateJ.C. Penney posted net income of $75 million, or 24 cents per share, for the quarter. That compares with $242 million, or 77 cents per share, a year ago.
Payless ShoeSource To Shutter All Of Its Remaining U.S. StoresShoppers are increasingly shifting their buying online or heading to discount stores like T.J. Maxx to grab deals on name-brand shoes.
Time Is Ticking For Last Minute ShoppersThe National Retail Federation estimates that the typical American will spend more than $1,000 shopping for Christmas in 2018. It all adds up to about 720 billion dollars.
Small Businesses Must Get Creative To Attract Holiday ShoppersThis year the Chicago area has seen the demise of retailers like Carson's and Sears, who had difficulties adapting to new consumer habits.
Desperate For Labor, Retailers Offer Workers More HoursAdditional working hours are the main factor pushing household incomes higher, even as hourly wages have barely outpaced inflation.
With Few Seeing Second Act For Sears, Company Shares RoutedSears is based in Hoffman Estates and still employs 89,000 people.
Small Business Saturday In Full SwingAfter years of encouraging shoppers to buy gifts online, many stores want you to come visit in person and not just click and pay.
Will Retail Stores Go The Way Of The Dinosaur?There is good and bad news for brick-and-mortar retailers. CBS 2's Dana Kozlov reports.
Macy's Closing 100 Stores Nationwide, Boosting Online InvestmentsMacy's plans to close 100 stores nationwide. It's not clear whether or not that includes Chicago.