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Retail News, page 2

Italy fines Apple $1.2 million for misleading consumers

Italy’s Antitrust Authority has fined Apple Sales International, Apple Italia Srl and Apple Retail Italia a total of $1.2 million for “unfair commercial practices.” According to The Wall Street Journal, Apple’s Italy-based retail stores >>

Best Buy to slash holiday hires by 50%

Best Buy will hire fewer temporary workers for the 2011 holiday season compared to last year, Reuters reported on Wednesday. The nationwide electronics retail chain will take on 15,000 new temporary employees, compared >>

Apple Store at Grand Central Terminal a done deal

Apple has reached a deal with the New York Metropolitan Transportation Authority to open a massive Apple Store in the main terminal at Grand Central. Several publications including the New York Post reported >>

Apple Retail boss jumps ship, headed to JC Penney

Apple’s head of retail is leaving the company to become President of JC Penney, Bloomberg said in a wire report. Prior to the move, Ron Johnson lead Apple’s retail strategy and was responsible >>