Following another tragic fire at a Bangladesh clothing factory, retailers are now ceding to consumer demand and putting the exact origins of their products on the label. But will this “fair trade” practice hurt the bottom line? And will those same consumers actually buy the more expensive fair trade products, or reach for the cheaper item on the next rack?
Ron Johnson's ousting as CEO of JC Penney ends his bid to break retail's cycle of marking products up just to mark them down in sales. Shoppers rejected Johnson's strategy of keeping low prices instead of discounting.
J.C. Penney seriously needs to catch a break right now. Shoppers were scared off when the chain eliminated big sales in favor of everyday low prices. Now, Penney's will open 681 'Joe Fresh' shops inside their main stores.
The company that was founded by a former football player and is known for its hard-core, performance sportswear is testing a new branding strategy geared towards women.
A growing number of U.S. companies — including Wal-mart, Sears, Disney, Dickies, and hip-hop star Sean Comb's clothing line — have been linked to the deadly garment factory fire in Bangladesh.
Americans spend an average of $1,100 a year on clothes, and a lot of that is spent on cheap and trendy "fast fashion." Elizabeth Cline joins us to talk about the high cost of discount clothing detailed in her new book, "Overdressed."