Page 2 - Big Box Chains News Today : Breaking News, Live Updates & Top Stories | Vimarsana

It will change your life forever. loved by some, loathed by others. self-checkouts were first introduced by supermarkets in the 1980s, and since then, big box chains and drugstores have started using them and now they're starting to crop up in more and more clothing and department stores. cnn business reporter nathaniel meyerson joins us now. nathaniel, great to be with you on new year's day. great to see you. walk us through this. which clothing and department stores are trialing these self-checkout lanes and why? >> right, boris. we're used to seeing self-checkout at grocery stores and pha...

When the stealing has got ten so widespread and the crime with it so widespread some folks are afraid to shop at these stores. and hosting the big show today, among many other things, this is out of control, what do you make of it? >> it is, neil. and i'm in new york to be with you and sitting across the desk and here i am not sitting across the desk from you. [laughter] >> on a serious note. this is marginalizing or disenfranchises people around the country and targets are packing up and leaving in some places and other big box chains are leaving as well. if you look at retail across the coun...

That's what police in san francisco say about the law which makes most shoplifting nothing more than a misdemeanor. we told you earlier this week about 17 walgreens in san francisco forced to shut down but while big-box chains can survive such a big blow, owners of these mom-and-pop stores could lose their entire livelihoods. >> if you can walk into a store and steal something, that law is no longer enforced in san francisco. at one time it was a felony. it's been reduced to a misdemeanor and the misdemeanor is not being enforced. police won't take a report because it happened so often. if tho...

During the summer quarter. the results come on the heels of target's best year in more than a decade. meanwhile, macy's and jcpenney are still struggling. macy's profit fell 48% during the most recent quarter. jcpenney is trading below $1 a share. reported last week its sales dropped 9% during its most recent quarter. retail bankruptcies such as sears and toys"r"us and a strong consumer economy have benefitted the big box chains. little known fact. you have never been to target? >> no, i haven't. we've been talking about it. >> field trip. it's glorious. we could send hours. >> he's been s...

Gold medal. we'll explain to you that at that level it is all in your head. also, hackers have broken into banks and big box chains, but could they really bring down the entire power grid of a country? or attack the u.s. government? we will find out. but first, here's my take. i've sometimes been described as a centrist and i freely admit to believing neither side of the political spectrum has a monopoly on wisdom or virtue but sometimes reality points firmly in one direction. watching the machinations in washington over the last two weeks, it is now impossible to talk about how both political...