What the Chesterfield Township board is doing to stop stray shopping carts from piling up at bus stops
A drive down Gratiot Avenue in Chesterfield Township means a lot of traffic. Still, lately, it is an unusual eyesore because the smart bus runs on that corridor where there are many shopping centers, and shopping carts find their way into large and unsightly piles.
JCPenney owners offer to buy Kohl’s for $8.6 billion
The owners of JCPenney, shopping-mall owners, Simon Property and Brookfield Asset Management have made an offer to acquire Kohl’s for $68 a share in a deal that could value the department-store chain at upwards of $8.6 billion, the New York Post reported. A source told the New York Post that the plan is for JCPenney’s corporate parents to continue to maintain two separate brands and slash costs by $1 billion at Kohl’s over the next three years. However, the owners of JCPenney aren’t the only potential buyers. Both Simon Property and Brookfield have a presence in Pennsylvania. Simon Property owns the massive King of Prussia Mall and several other shopping centers in Pennsylvania while Brookfield owns the Park City Center Lancaster.mlive.com
'Black Friday has turned into Cyber Month' – here are the best deals
"Black Friday has turned into Cyber Month," said consumer savings expert Andrea Woroch. How to prep your kidsFor example, Black Friday sales are already live on Target, Best Buy and Home Depot with deals like half-off Beats wireless noise-canceling headphones and 35% off a Dewalt cordless drill kit. Woroch's top picks: Samsung 70" smart TV for $530 — Best Buy is offering this top brand for $220 off with free delivery. Amazon already announced plans for a Cyber Monday Deals Weekend, which will run from Nov. 28 to 30, with deep discounts on items such as the Ring Video Doorbell, Echo Show and Fire tablets. Ramhold's top picks: LG 75" 4K smart TV for $649.99 — Brand-name sets this size usually cost upward of $1,000 at Best Buy.cnbc.com
Here Are Four Famous Stores That May Not Survive Because Of Coronavirus
But Sears, JCPenney and others may not be able to survive the coronavirus crisis. Depending on how long consumer demand stalls, companies may be forced to lay off workers, close stores permanently or restructure. Sears, JCPenney, Neiman Marcus and J. Many were forced to close stores in the face of declining sales even as unemployment reached a 50-year low. Last week, Sears announced it would close all of its remaining Sears-branded stores through at least April 30 because of the coronavirus outbreak.detroit.cbslocal.com
Americans love Target. That's bad news for Macy's, JCPenney
Sales at Target stores open at least a year increased 3.4% during the summer quarter and profit rose, Target said Wednesday. Target beat Wall Street's predictions for the recent quarter and raised its profit forecast for the rest of the year. Macy's last week said that sales at stores open at least a year inched up but profit fell 48% during its most recent quarter. Target, Walmart and discount clothing chains such as TJMaxx are gaining market share against these retailers. Target and Walmart operate stores away from malls, an advantage because foot traffic is slowing at malls around the country.
JCPenney could be kicked off New York Stock Exchange
Justin Sullivan/Getty Images(CNN) - JCPenney is in danger of its stock getting booted off the New York Stock Exchange because its share price is too low. In a reverse stock split, companies cut the number of shares on the market, boosting the stock price. If JCPenney can't comply, the exchange would delist its stock. JCPenney said it is considering seeking a reverse stock split. Fears of a bankruptcy can hurt a company beyond a depressed stock price.
Shopping hours in metro Detroit
Shopping hours in metro DetroitPublished: November 12, 2013, 12:40 pmStores: Best Buy -- Midnight Costco -- 9am Friday JCPenney -- 8pm Thursday Kmart -- 6am Thursday Kohl's -- 8pm Thursday Macy's -- 8pm Thursday Nordstrom -- 9am-9pm Friday Old Navy -- 9a-4p Thursday, back open at 7pm Thursday (locations inside malls may vary) Sears -- 8pm Thursday Target -- 8pm Thursday Toys 'R Us -- 8pm Thursday WalMart -- Select Stores are 24 hours, other stores 6 pm Malls: Birch Run -- 8pm - Most stores open, 9pm - Crocs, Izod, Van Heusen, 10pm - Chef's Outlet, Guess Factory Store, Stride Rite Keds Sperry Briarwood Mall -- 8pm Thursday Eastland Center -- Select stores open at 8pm Thursday Fairlane Town Center -- 8pm Thursday Great Lakes Crossing Outlets -- 6pm Thursday Green Oak Village -- 8am Friday Lakeside Mall -- Select stores open at 8pm Thursday, entire mall opens 6am Friday Laurel Park Place -- Select stores open at 8pm Thursday, doors open till 10pm Friday Mall at Partridge Creek -- 6am Friday Macomb Mall -- Select stores open at 8pm Thursday, many open at Midnight, entire mall opens at 8am Friday Northland Center -- Select stores open at 8pm Thursday, entire mall opens 7am Friday Oakland Mall -- Select stores open at 8pm Thursday Somerset Collection -- 8am Friday Southland Center -- 8pm Thursday for most stores - all will be open by Midnight Tanger Outlets -- 10pm Thursday Twelve Oaks -- 8pm Thursday Westland Shopping Center-- 8pm ThursdayCopyright 2012 by ClickOnDetroit.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.