Bloomberg The all-important holiday season is fast approaching, and there’s very little JC Penney Co.’s incoming chief executive officer can do about it. The struggling department-store chain named its new CEO, retail veteran Jill Soltau, with less than three months of 2018 holiday shopping to go. JC Penney’s orders for the critical period were placed months ago, giving her little ...

Emirates Business SriLankan Airlines has achieved the remarkable feat of being named the world’s most punctual airline in the month of September 2018 in the key categories of ‘Global Airlines’ and ‘Major Airlines’, by the flight data analysis company Flightstats.com. An extraordinary 91.37% of SriLankan Airlines’ flights in September 2018 were on time according to an analysis by Flightstats. Flightstats ...

Bloomberg Watch out dollar stores, Target Corp. wants to steal your shoppers. The Minneapolis-based retailer is introducing Smartly, a line of essentials and personal-care products mainly priced under $2, for budget-conscious consumers who don’t want to buy in bulk. It’s in step with Target’s strategy to offer new brands to get customers excited. It has added a dozen over the ...