Credit Suisse upgraded the retailer to "outperform" from "neutral," citing the fact that it will lower prices moving forward.» Read More
U.S. employers planned to cut payrolls by 45,107 in January, up 47 percent from December, according to outplacement firm Challenger, Gray & Christmas.
"Consumers are being hit by a perfect storm of events," said Craig Johnson, president of advisory firm Customer Growth Partners. Kohl's Corp on Thursday said sales in January were "significantly" lower than expected as shoppers stayed away.
*Michael Kors stock soars after results. *J.C. Penney shares slide after bearish comments. *Yum Brands Inc reaffirms 2014 profit outlook, shares jump.
U.S. stocks rose on Tuesday, with equities rebounding after a rout the prior day.
Billionaire investor William Ackman's fund surged 3.8 percent in January, handily beating the stock market's decline and taking some of the sting away from last year, when losing trades involving J.C. Penney and Herbalife dragged on his fund's performance.
Feb 4- J.C. Penney Co Inc shares fell 10 percent on Tuesday after the struggling retailer reported a disappointing rise in comparable sales for the holiday quarter, prompting fears its business is recovering too slowly.
J.C. Penney said comparable sales rose 2 percent during the fourth quarter, which included the crucial holiday season.
Who won the bet on JC Penney? Jan Kniffen, Worldwide Enterprises CEO, and Brian Sullivan reveal why the retailer is both a winner and loser.
A look at Tuesday's midday movers:
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.
Feb 4- J.C. Penney Co Inc on Tuesday said comparable sales rose 2 percent during the holiday quarter, reporting its first three-month period of growth in two years. In 2013, Penney lined up a $2.25 billion financing package and in September sold nearly $800 million in new shares to further shore up its finances.
Brands scrambled for a viral hit on Twitter during the Super Bowl. But did any company actually score big?
Much has changed over the past 25 years when it comes to retail. Here is a look at those who have changed the way people shop.
General Electric targets wealthier customers while J.C. Penney, and Sears struggle — all signs of a waning middle class.
J.C. Penney appears to be getting more attention than most companies during Sunday’s Super Bowl for sending out typo-filled tweets.
Some of Friday's midday movers:
The markets will continue to grapple with emerging market fallout, due to lower liquidity stemming from the Federal Reserve's tapering policy.
Jan 28- J.C. Penney Co Inc said on Tuesday it extended its poison pill until 2017, and lowered the threshold at which it would dilute the holdings of any shareholder, to prevent a takeover of the department store chain.
Jan 28- Struggling department store operator J.C. Penney Co Inc said it lowered the threshold for triggering a takeover defense plan to protect about $2 billion in future tax benefits.
One of the biggest issues in the integration of online shopping and the physical store is identifying where to assign sales credit.