JC Penney CEO Mike Ullman told shareholders: "I have an enduring affection for J.C. Penney." They appeared to return the favor, at the company's shareholder meeting.» Read More
Cooler than usual weather is taking a bite out of retail sales in the Northeast. The situation could impact first quarter margins – when retailers report quarterly earnings.
Liz Dunn, Macquarie Capital analyst, weighs in on whether the additional capital will be enough for the retailer to implement its turnaround plan.
The financing, secured by Penney's real estate, comes as retailers prepare to place orders for the year-end holiday period.
Legislation to force Internet retailers to collect sales taxes has put antitax activists like Grover Norquist in an unusual position: They're losing. The NYT reports.
Even if Congress does vote to create an Internet sales tax, Amazon may still be able to vanquish its foes -- and could even make money by collecting the new taxes for other retailers. NYT reports.
Americans spent more in March and their income grew, the latest indication that consumers are shrugging off a tax increase.
Smashburger has offered craft beers at its restaurants as a way to extend its focus on local flavors, but a decision to pair craft beers with burgers has been a huge success for its sales.
Economic growth regained speed, but not as much as expected, which could heighten fears the weakening economy could struggle with spending cuts and higher taxes.
Dunkin Donuts CEO said his coffee chain sees more room to expand in the U.S. Starbucks CEO said they're focused on global growth.
A former merchandising executive at retailer Aeropostale was convicted of defrauding the company and taking more than $25 million in kickbacks from a key vendor, federal prosecutors in New York said.
Shares of beleaguered retailer JC Penney rose more than 7 percent in after-hours trading on Thursday after billionaire financier George Soros disclosed a 7.9-percent stake.
Amazon's numbers were helped by growing sales of digital content, cloud-computing services and gains in its main retail business. Shares wavered after-hours.
CNBC's Kate Kelly reports big news on JC Penney. An SEC filing shows George Soros is reporting a 7.9 percent passive stake in the stock.
Starbucks hit its earnings target amid a strong increase in US same-store sales. Its outlook disappointed, however, sending shares lower after-hours.
The classic Twinkie will hit store shelves nationally by late July, Hostess Brands told NBC News.
Millions of people who can't find a full-time job are taking anything that pays them under the table, and in turn are helping to boost consumption, say analysts.
John Koudounis, Mizuho USA president & CEO, discusses the Japanese market and where the opportunities are.
Best Buy's CEO says the early results are "positive" for its new Samsung shop-in-shops.
After an over-hyped launch hoping to convert the iPhone masses, Samsung's S4 has received lukewarm reviews; being called a 'revamped yet gimmicky' version of the company's S3 model.
The big box store is giving tours of Samsung's new store-within-a-store, reports CNBC's Courtney Reagan.
To the creative, go the spoils. Hoping to boost sales, restaurants are launching a slew of innovative items.
From waffle tacos to doughnut-bacon-and-egg sandwiches, restaurants pull out all the stops to capture your taste buds.
Restaurant owners are worried that a tough new drunk driving law may hurt their business.