U.S. stocks fell Thursday, with Wall Street pausing after a two-session win streak.» Read More
Feb 4- J.C. Penney Co Inc on Tuesday reported a modest rise in quarterly comparable sales but gave no details on its gross profit margin, leading Wall Street analysts to conclude the department store operator had to resort to bigger discounts during the holiday season.
Though most American households are in a spending mood, consumers at the bottom end of the ladder are waiting to shop.
Jan 21- Mondelez International Inc, maker of Cadbury chocolate and Oreo cookies, added activist investor Nelson Peltz to its board in a deal that ends his campaign to have the company merge with PepsiCo Inc..
Jan 21- Mondelez International Inc, which makes Cadbury chocolate, Oreo cookies and Trident gum, said it added activist investor Nelson Peltz to its board. Peltz's Trian Fund Management is Mondelez's fourth-largest shareholder with 2.3 percent of its shares, according to Thomson Reuters data.
Some of Tuesday's midday movers:
Retailers responded to weakness last year with deep discounts and promotions. Still, the softness is creeping into January.
Here are six things you need to know from this week's "Fast Money."
Many U.S. retailers had to ramp up promotions last month as shoppers continued to watch their spending during the holiday season.
People keep asking Cramer if anything makes him nervous about this market. Quite frankly, yes.
*Bed Bath& Beyond, Family Dollar drag retailers. The S&P retail sector index slipped 0.2 percent after a number of retailers, including Bed Bath& Beyond and Family Dollar, slashed their earnings forecasts.
Analysts say retailers' big challenge will be to figure out a way to attract customers without giving away the store, as many did this holiday.
*Bed, Bath& Beyond, Family Dollar drag retailers. The S&P retail index declined 0.3 percent, pulled lower by a 12.8 percent tumble in Bed, Bath and Beyond Inc to $69.52 and a 4.6 percent drop in Family Dollar Stores Inc to $63.28. Bed Bath& Beyond lowered its fourth quarter and full-year earnings estimates after the close on Wednesday.
Some of Thursday's midday movers:
Fewer store visits and aggressive pricing at the start of the season by big retailers like Amazon.com Inc and Wal-Mart Stores Inc left many chains with little choice but to offer sweeter deals this holiday season. Those bargains led many chains, including L Brands, Family Dollar Stores Inc and teen retailer Zumiez Inc, to slash their profit forecasts.
*Bed, Bath& Beyond, Family Dollar drag retailers. The S&P retail index declined 0.7 percent, pulled lower by a 13.2 percent tumble in Bed, Bath and Beyond Inc to $69.14 and a 6.9 percent drop in Family Dollar Stores Inc to $61.76.
Jan 9- Family Dollar Stores Inc reported weaker-than-expected quarterly results and cut its fiscal-year outlook after it was forced to discount more than it had originally planned to win shoppers in the holiday season.
Macy's is becoming an innovator, but don't expect that to carry through to other retailers.
NEW YORK, Jan 9- U.S. stocks were set to rise at the open on Thursday in the wake of upbeat labor market data and as Macy's lifted the bar further for retailers after a stellar holiday season.
L Brands cut its earnings forecast for the holiday quarter on Thursday after reporting disappointing December sales at its Victoria Secret and La Senza chains. Family Dollar Stores Inc and teen retailer Zumiez Inc, which both reported sales declines for December, also slashed their profit forecasts.
Jan 9- Family Dollar Stores Inc reported a weaker-than-expected quarterly profit and gave a tepid outlook for the current period after it discounted more than it had originally planned to win shoppers in the key holiday shopping season.