Retail earnings due out Wednesday will give the market a sense of what's going on among discount shoppers. Wall Street will get the fourth-quarter earnings reports from discounters Target, Dollar Tree and TJX as well as department store JCPenney.
The department store chain reported quarterly earnings and revenue that topped analysts' expectations as its strategy of tailoring merchandise to local markets paid off during the holiday season.
Macy's Chief Executive Terry Lundgren said he was shocked when Martha Stewart told him in 2011 that she was starting a new alliance with rival J.C. Penney.
JC Penney and Macy's head to court to battle over the legal rights to sell Martha Stewart brands, reports CNBC's Courtney Reagan.
The trial between Macy's and JC Penney over legal rights to sell certain Martha Stewart branded products resumes today, reports CNBC's Courtney Reagan.
Macy's CEO Terry Lundgren is scheduled to testify in New York State Supreme Court on Monday in a trial that pits the department store chain against rival J.C. Penney over a partnership with home diva Martha Stewart.
Washington's budget debate could stir up new anxieties as markets head into March, even with expected reassurances about Fed policy from Fed Chairman Ben Bernanke in the week ahead. Europe could also come back into play in the coming week, as currency traders are focused on the outcome of the Italian election.
Next week is the biggest one of the earnings season for the retailers. While each will have different nuances, and wrap up the key holiday quarter, Wall Street will be focused on the sales forecast for the current quarter.
ABC, which broadcasts the event, said it saw the highest demand for Oscar ads in over a decade. The average 30 second spot sold for between $1.65 million and $1.8 million, the highest prices since 2008, when ads averaged $1.7 million.
Hedge fund manager William Ackman, who has called nutritional supplements company Herbalife a pyramid scheme, said the biggest risk in shorting the company was whether regulators would take time to focus on the matter.
At the 2013 Harbor Investment Conference, hedge fund titan Bill Ackman makes comments on J.C. Penney.
Some of the names on the move ahead of the open.
Retailer J.C. Penney increased its borrowing capacity under a bank credit facility by $100 million to $1.85 billion and expanded an option to borrow more at a later date, raising concerns among analysts as it works on a turnaround.
As JC Penney flounders, reports swirl about CEO Ron Johnson frequenting luxury hotels on the company dime. CNBC's John Carney & Kelly Evans discuss.
CNBC's Courtney Reagan offers insight on her interview with JC Penney CEO Ron Johnson about the retailer's extreme makeover over the last year. Johnson remains confident for 2013. CNBC's Herb Greenberg; Rick Snyder, Maxim Group; and Jan Kniffen, Worldwide Enterprises, weigh in.
JC Penney CEO Ron Johnson tells CNBC's Courtney Reagan his strategy has the company on the right track and says the transition needs to be done intelligently to generate returns.
Take a look at some of Wednesday's midday movers:
CNBC's Courtney Reagan talks to JC Penney CEO Ron Johnson about the tough year the company has had. Johnson says JC Penney will return to growth this year.
"I believe we will return to growth this year," said the CEO of J.C. Penney in an interview with CNBC. "As we approach this year, the number one priority is to return to growth."
Did JC Penney's CEO make a convincing argument for his turnaround plan? Stacey Widlitz, S.W. Retail Advisors, and James Fallon, Women's Wear Daily, weigh in.