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J.C. Penney has hired bankers at Blackstone for advice on shoring up its fast-eroding cash. The company is seeking to raise about $1 billion. Bond analysts don't think Penney's operations will be able to generate enough cash to cover the company's needs beyond a year, putting pressure on new Chief Executive Myron "Mike" Ullman to cut costs and look for ways to raise new capital even as he tries to get more shoppers into stores.

U.S. retailers are reporting modest sales gains for March as consumers held back due to cold weather during the month and continued worry about the economy. Overall, 14 retailers reported on Thursday that revenue at stores open at least a year — a key indicator of retail health — rose an average of 0.6 percent. That number comes from the research firm Retail Metrics.

After a troublesome, 17-month run, Ron Johnson is out as chief executive of J.C. Penney, and with that, the most closely watched revival effort in retail in recent memory is in danger of disintegrating.

Samsung Electronics is giving Apple a run for its money by setting up mini-stores inside 1,400 Best Buy stores in the U.S... The Samsung mini-stores, which will open inside Best Buy locations by the end of June, will showcase smartphones, tablet computers, cameras, laptops and TVs, and will provide customer support similar to the “Genius Bar” at Apple stores, the New York Times reported.

Perhaps, like me, you’ve wondered what percentage of retail meat has foodborne pathogens, and of those, which pathogens are antibiotic resistant. Well, you’re in luck. The Food and Drug Administration’s National Antimicrobial Resistance Monitoring System puts out a yearly report looking at the rates of antibiotic resistance of foodborne pathogens in retail meat and poultry samples. A thorough examination, the Retail Meat Report is hefty chunk of research to wade through. Because of this, it’s not easy to make conclusions on the prevalence of antibiotic resistance in the meat case just by reading through the report’s 80-plus pages.

Google Shopping Express, which launched Thursday, is a local delivery service the company hopes will make it possible for shoppers to get the items they order online a few hours later, and at a low cost. It’s not quite, "click and hear a knock on your door with the products," but that is where Google is going. The kicker is consumers have to live in the San Francisco Bay Area to participate in the program. Google is testing the program there to figure out what same-day delivery entails, and costs, before rolling it out in other markets. For San Francisco shoppers participating in the limited-time program, same-day delivery is free.

Wal-Mart Stores Inc., the world's largest retailer, says it's setting up lockers in about a dozen stores so that shoppers who order on its website can pick up their items without having to wait in line checkout line.

Best Buy Co Inc founder Richard Schulze, who left the board last year and later failed in his effort to take the company private, will rejoin the retailer as chairman emeritus and add two of his former colleagues to the board.

Retail sales rose more than expected in February as Americans bought motor vehicles and a range of other goods even as they paid more for gasoline, suggesting consumer spending this quarter will hold up despite higher taxes.

Costco's fiscal second-quarter net income climbed 39 percent as it pulled in more money from membership fees, sales improved and it recorded a large tax benefit. The wholesale club operator earned $547 million, or $1.24 per share, for the period ended Feb. 17. That compares with $394 million, or 90 cents per share, a year earlier.