J.C. Penney shares were up more than 3 percent Monday, defying a down day for the markets.» Read More
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May 19- A federal judge certified a class-action lawsuit that accuses J.C. Penney Company Inc of marking up retail prices on apparel and accessories to trick shoppers into believing they were getting big discounts when the items were advertised on sale. District Judge Fernando Olguin in Los Angeles said it was possible "in one stroke" to determine whether J.C....
May 19- A federal judge has certified a class-action lawsuit that accuses J C Penney Co Inc of marking up retail prices on apparel and accessories to trick shoppers into believing they were getting good deals when the items went on sale. District Judge Fernando Olguin in Los Angeles said it was possible "in one stroke" to determine whether J C Penney's advertising...
Nordstrom Rack's same-store sales fell short of its full-price locations in the first quarter.
U.S. stocks closed one percent higher on Thursday as investors cheered further weakness in the dollar and calmer bond markets, amid mixed economic data.
DuPont's win over activist investor Nelson Peltz is a victory for long-term shareholders, says former Medtronic CEO Bill George.
NEW YORK, May 14- Even as the rise of online retailers such as Amazon.com Inc leads analysts to predict the eventual death of the American shopping mall, real estate fund managers are betting some will prosper- if they can lure the right kind of consumer. Simon Property Group Inc, the largest high-end mall operator in the country with properties including Palo Alto,...
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May 13- Department store chain J.C. Penney Co Inc reported a smaller-than-expected quarterly loss and lifted its annual gross margin target, helped by solid demand for women's apparel and home goods. The company posted a loss of $167 million, or 55 cents per share, in the first quarter ended May 2, compared with a net loss of $352 million, or $1.15 per share, a year...
U.S. stocks closed narrowly mixed as investors remained wary of climbing bond yields and the lack of a strong second-quarter rebound in the economy.
Macy's has fallen short on earnings expectations three of the last eight quarters, according to Retail Metrics.
*Tech stocks rise, with Microsoft leading gains. May 13- Wall Street was little changed in afternoon trading on Wednesday, paring early gains, as a flurry of deals failed to make up for tepid economic data. "We are seeing some evidence that the weakness in the first-quarter has spilled over to this quarter, but I'm not concerned that U.S. consumer spending for the year...
The "Halftime Report" traders give their trades for the second half of the trading day.
WASHINGTON, May 13- U.S. retail sales were flat in April as households cut back on purchases of automobiles and other big-ticket items, the latest sign the economy was struggling to rebound strongly after barely growing in the first quarter. The weaker-than-expected retail sales report from the Commerce Department, and other data on Wednesday showing the 10th...
*Macy's, Ralph Lauren down after results. *Tech stocks rise, with Microsoft leading gains. May 13- Wall Street pared early gains in choppy trading as tepid economic data and a renewed selloff in the bond market more than offset a flurry of corporate deals on Wednesday.
J.C. Penney stock has soared 37 percent this year, and now some are betting the rally will continue.
What happened to retail? It looks sluggish, despite a lot of noise.