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Shoppers receive e-mails from J.C. Penney (NYSE:JCP) offering discounts in the holiday week; the retailer’s new pricing strategy is still in place, but it appears there is still the need to resort to discounts and promotions.
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Big U.S. retail chains are pushing north into Canada, and could cause an upheaval in the country’s retail market – reportedly Wal-Mart (NYSE:WMT) has significant plans for the country, while Target (NYSE:TGT), not to be left behind, is looking to hire 27,000 new employees for its own similar expansion; according to rumors, Nordstrom (NYSE:JWN) and Saks (NYSE:SKS) are also likely to establish a presence in Canada.
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