Newly reappointed JC Penney CEO Mike Ullman detailed some of his top priorities in one of his first conversations with analysts since Ron Johnson was ousted this week as chief of the struggling retailer. The top priority: reconnecting with its customers.
Facing sharp declines in sales and a plunging stock price, JC Penney's newly re-appointed CEO Mike Ullman must stabilize the struggling retailer's sales while modifying its strategy for winning over customers, analysts said.
Restaurants are increasingly selling these off-menu items to bring customers "in the know" while in an oxymoron move showcasing these "secret" or hidden menus on their own websites.
After bowing to the realization that many customers like to see items in person before buying, a growing number of online retail companies are setting up physical stores while at the same time redefining what brick and mortar means for them.
U.S. soda consumption fell last year for the eighth-straight year, dipping to levels not seen since the Clinton administration, according to new beverage statistics.