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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.
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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.
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Liz Dunn, Macquarie Capital analyst, weighs in on whether the additional capital will be enough for the retailer to implement its turnaround plan.
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The financing, secured by Penney's real estate, comes as retailers prepare to place orders for the year-end holiday period.
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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.
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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.
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Americans spent more in March and their income grew, the latest indication that consumers are shrugging off a tax increase.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Starbucks hit its earnings target amid a strong increase in US same-store sales. Its outlook disappointed, however, sending shares lower after-hours.
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The classic Twinkie will hit store shelves nationally by late July, Hostess Brands told NBC News.
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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.
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John Koudounis, Mizuho USA president & CEO, discusses the Japanese market and where the opportunities are.
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Best Buy's CEO says the early results are "positive" for its new Samsung shop-in-shops.
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.160x105.jpg?v=1366815023 "New Galaxy S4 Not Exactly Earth-Shattering: Reviewers")
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.
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The big box store is giving tours of Samsung's new store-within-a-store, reports CNBC's Courtney Reagan.
Consumer Nation
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To the creative, go the spoils. Hoping to boost sales, restaurants are launching a slew of innovative items.
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From waffle tacos to doughnut-bacon-and-egg sandwiches, restaurants pull out all the stops to capture your taste buds.
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Restaurant owners are worried that a tough new drunk driving law may hurt their business.