Facing sharp declines in sales and a plunging stock price, JC Penney's newly re-appointed CEO Mike Ullman must stabilize the struggling retailer's sales while modifying its strategy for winning over customers, analysts said.» Read More
Both the Dow and S&P closed higher on Thursday ending a four-day losing streak after stronger-than-expected retail data boosted economic recovery hopes.
As of 9:15 this morning, 100% of retailers tracked by Thomson Reuters have reported same store sales. Here is a breakdown of where things stand.
The hope is that we will see some back to school lift, but Labor Day is the latest possible date this year. There are a lot of tax-free holidays in August, particularly in the South, that may help.
CIT, the finance company struggling to avoid a Chapter 11 filing as soon as tomorrow, is seeking to line up between $2 to $3 billion in secured financing from private investors, CNBC has learned.
CIT Group's inability to get emergency government funding raises expectations that the commercial lender will file for bankruptcy.
Monthly chain store sales came out this morning. See which companies did well and which did not...
Stock futures are up modestly on better-than-expected jobless claims data and Alcoa’s smaller-than-expected loss.
Following are the day’s biggest winners and losers. Find out why shares of Macy's and Citigroup popped while Allegheny Energy and Lorillard dropped.
Many traders went to bed last night with futures drifting lower and woke up broadsided by a surprising election in India that has pushed up emerging markets.
Indian stocks that trade in the U.S. are up double digits as stock trading in India was halted for the first time because of a surge in stock prices on the big election victory for Prime Minister Singh's Congress Party.
Last week, analysts finally woke up and began aggressively cutting same store sales. As always, they have been late and the stock market has moved ahead of them.
Cramer makes the call on viewers' favorite stocks.
Coming off the worst week ever where volatility continues to rule, enhanced by options expiration Friday, the major indexes are all up about 4% or greater for the week.
As of about midday on Tuesday, the markets have swung between being positive, negative and flat for the day. Which companies are withstanding the volatility and sustaining their gains since Friday's close?
The credit freeze, which is shifting into overdrive heading into the holiday season, is expected to hit consumers harder than corporate America.
For many of the nation’s retailers, this is shaping up to be the most critical holiday season since the recession of the early 1980s. Chains that fare poorly could end up as ghosts of Christmases past, says the New York Times.
Dazzle your friends and perplex your neighbors: 'Cuz for the next two days... the S&P 500 index will only have 498 members in it. And the numbers get crazier and crazier...
Yesterday, Kohl's and JC Penney reported August same store sales slightly better than expected. Today Wal-Mart, Target, Gap, American Eagle (reaffirms third quarter guidance), Pacific Sunwear all reported sales above expectations. However, department stores did not fare as well.
Early July sales results from retailers have been disappointing, with many falling short of analyst estimates. It also appears that the benefit from tax rebate checks is beginning to wane.
Retailers, including Wal-Mart Stores, are posting solid same-store sales growth in June, as expected, as seasonal weather and tax rebate checks helped get consumers to the store.