Mobile remains the top priority for retailers, but it comes with a major caveat.» Read More
The Dow Jones industrial average slipped 27 points, or 0.2 percent, to 18,187 as of 11:45 a.m. Eastern time Friday. The Commerce Department said the economy grew at an annual rate of 2.2 percent in the October-December quarter, weaker than last month's initial estimate and a big drop from the third quarter. J.C. Penney slumped 6 percent after the department store...
Kohl's Corp. rose $1.60 or 2.2 percent, to $73.29. Macy's Inc. rose$. 02 or percent, to $63.60. Nordstrom rose$. 07 or. 1 percent, to $80.92.
*J.C. Penney tumbles after earnings. NEW YORK, Feb 27- U.S. stocks were little changed on Friday, as a mixed batch of economic data provided investors with little incentive to push equities to new records. I would argue it is still on solid footing, it is just we are in a bit of an ebb and the market is kind of ebbing with it a little bit, "said Bill Stone, chief investment...
CNBC's Jim Cramer said Friday J.C. Penney's management should start taking responsibility for recent mishaps.
February proved to be a strong month for U.S. stocks, even though it ended in downbeat fashion. It also brought the Nasdaq composite within striking distance of its March 2000 high. But the S&P 500' s 5.5 percent performance marked its best monthly increase since October 2011, and a turnaround from its 3.1 percent slide in January.
*J.C. Penney tumbles after earnings. NEW YORK, Feb 27- U.S. stocks held near the unchanged mark shortly after the open on Friday, following data on economic growth and ahead of a report on consumer sentiment. said Tim Ghriskey, chief investment officer of Solaris Group in Bedford Hills, New York.
NEW YORK— J.C. Penney's stock fell further in premarket trading Friday, a day after the department store chain reported a surprise loss amid increasing expenses even as sales improved. J.C. Penney is still trying to recover from a failed attempt to reinvent itself. Mike Ullman came out of retirement in April 2013 to retake the CEO post after Ron Johnson was ousted.
Some of the names on the move ahead of the open.
*J.C. Penney tumbles after earnings. NEW YORK, Feb 27- U.S. stock index futures were little changed on Friday, with major indexes on track for a fourth week of gains, ahead of readings on economic growth and consumer sentiment. *Later in the session at 10:00 a.m., the University of Michigan's final February reading on consumer sentiment is expected, along with pending...
Feb 26- Shares of department store chain J.C. Penney Co Inc tumbled 12 percent in after-hours trade on Thursday after it posted a surprise quarterly loss and forecast small margin improvements this year. J.C. Penney said sales at stores open more than a year rose 4.4 percent in the holiday quarter, the high end of its guidance for 3.5 to 4.5 percent growth, driven by...
Kohl's Corp. rose$. 79 or 1.1 percent, to $71.69. Nordstrom fell$. 34 or. 4 percent, to $80.85. J.C. Penney Co. rose$. 13 or 1.4 percent, to $9.12.
PLANO, Texas _ J.C. Penney Co. on Thursday reported a fiscal fourth-quarter loss of $59 million, after reporting a profit in the same period a year earlier. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share. Analysts expected $3.88 billion, according to Zacks.
Feb 26- Department store chain J.C. Penney Co Inc reported a lower-than-expected quarterly adjusted profit as it discounted more during the holiday season and invested in store expansions. J.C. Penney posted a loss of $59 million, or 19 cents per share, in the fourth quarter ended Jan. 31, compared with a profit of $35 million, or 11 cents per share, a year earlier.
Check out which companies are making headlines after the bell Thursday: JC Penney, Herbalife, Gap & more.
PLANO, Texas— Shares of J.C Penney tumbled Thursday after the struggling retailer posted a surprise loss for the holiday quarter, despite improving sales trends. "Not only are private brands more profitable, they're exclusive to JC Penney," said Marvin Ellison, who last year was designated to take over as CEO this summer. Looking ahead to 2015, J.C. Penney said it...
J.C. Penney reported break-even results on Thursday, missing estimates for profit of 11 cents a share, while same-store-sales grew more than expected.
Feb 26- Department store chain J.C. Penney Co Inc reported a 3 percent rise in quarterly sales as demand for household goods, apparel and jewelry increased during the holiday shopping season. The company posted a loss of $59 million, or 19 cents per share, in the fourth quarter ended Jan. 31, compared with a profit of $35 million, or 11 cents per share a year earlier.
U.S. stocks closed narrowly mixed, with stocks near recent highs, as lackluster economic data and oil concerns weighed on investor sentiment.
Treasury yields extended gains on Thursday after the government's lukewarm auction of seven-year notes.
NEW YORK, Feb 26- A New York state appeals court on Thursday revived most of Macy's Inc's lawsuit accusing JC Penney Co of interfering improperly with its exclusive merchandising contract with Martha Stewart Living Omnimedia Inc.. It also agreed that Macy's third claim against JC Penney was valid, but that Macy's did not deserve punitive damages.