Retail industry

Target reports its earnings Wednesday. After months of slumping sales and profits, the retailer is getting back to retailing basics: Renovating stores and pricing grocery items more competitively. That strategy means the Minneapolis-based retailer is abandoning some of the more futuristic innovations it was experimenting with. Click the audio player above to hear the full story.

Department stores, those vestiges of the past, just can’t catch a break these days. Yesterday, shares of both Macy’s and Kohl’s plummeted as investors grow more pessimistic about brick-and-mortar retail in an e-commerce world. There is one silver lining: Business from store-branded credit cards is up, but it likely won’t be enough to reverse the […]