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MOUNT PROSPECT, IL - MAY 31: A worker pushes carts outside a Costco Wholesale store May 31, 2006 in Mount Prospect, Illinois. Third-quarter earnings reported today were up at Costco, the nation's largest warehouse club operator, although current oil prices affected margins at their associated gas stations. (Photo by Tim Boyle/Getty Images)
MOUNT PROSPECT, IL - MAY 31: A worker pushes carts outside a Costco Wholesale store May 31, 2006 in Mount Prospect, Illinois. Third-quarter earnings reported today were up at Costco, the nation's largest warehouse club operator, although current oil prices affected margins at their associated gas stations. (Photo by Tim Boyle/Getty Images)
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Is Retail In America Changing?

JC Penny is in trouble. Linens & Things is gone, Circuit City is gone, Border’s Books is gone, and Mervyn’s is gone.

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2007. Madrid, Spain. Portrait of Anna Naroznaya, top model. (Photo by Gianni Ferrari/Cover/Getty Images)
2007. Madrid, Spain. Portrait of Anna Naroznaya, top model. (Photo by Gianni Ferrari/Cover/Getty Images)
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It’s All About Image

It’s too bad that we have evolved into a society where others assume the power to set the standards of image for the rest of us.

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SAN LORENZO, CA - FEBRUARY 20: A Wal-Mart truck sits outside of a Wal-Mart store on February 20, 2014 in San Lorenzo, California. Wal-Mart reporterd a 21 percent decline in fourth quarter earnings with profits of $4.4 billion or $1.36 a share compared to $5.6 billion, or $1.67 per share one year ago. (Photo by Justin Sullivan/Getty Images)
SAN LORENZO, CA - FEBRUARY 20: A Wal-Mart truck sits outside of a Wal-Mart store on February 20, 2014 in San Lorenzo, California. Wal-Mart reporterd a 21 percent decline in fourth quarter earnings with profits of $4.4 billion or $1.36 a share compared to $5.6 billion, or $1.67 per share one year ago. (Photo by Justin Sullivan/Getty Images)
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Is Free Market Competition A Good Thing?

Our founding fathers knew that innovation came from the freedom to pursue dreams and ideas in a competitive environment.

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jburgin, Flickr
jburgin, Flickr
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JC Penney Gets Rid of Sales in Favor of Permanent Discounts — Dollars and Sense [VIDEO]

For a die-hard shopper, there’s little more frustrating than buying something at full-price, only to see it go on sale shortly thereafter.

To ward that off, retailing giant JC Penney has announced that starting Feb. 1, it’s discounting all merchandise by at least 40 percent — permanently.

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