Retailers Square Off as Black Friday Kicks Competition into High Gear
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November 23, 2012 11:54 AM EST
J.C. Penney Co., Inc. (NYSE: JCP) EVP of product development, design and sourcing Ken Mangon has resigned, according to a report from Business Insider. He has been with the company... More
November 23, 2012 9:06 AM EST
Walmart U.S. (NYSE: WMT) reported its best ever Black Friday events. The retailer saw larger crowds than last year and a huge response to its first ever one-hour guarantee on key electronic items.
Walmart's Black Friday plan included three events this year at 8 p.m., 10 p.m. and 5 a.m. During the high traffic period from 8 p.m. through midnight, Walmart processed nearly 10 million register transactions and almost 5,000 items per second.
During the 8 p.m. event, customers filled shopping carts... More
