J.C. Penney said it is pursuing the potential sale and partial leaseback of its headquarters building in Plano, Texas in an effort to cut costs.» Read More
Markets have been shaking off the worst of this summer’s fear trade, and now traders are looking for the next catalyst that will break the August doldrums.
Looking for back-to-school buys for your portfolio? This season’s consumer is on the hunt for value and brands, driving some companies that emphasize brands rather than private labels to outperform, one analyst said.
Marissa Mayer is off to an excellent start at Yahoo, at least based on what I believe is her first big smart move: Having Yahoo’s stock price yanked off the front of the company’s internal home page.
J.C. Penney is expected to unveil a new pricing model that it hopes will usher the retail giant into a new era and “a whole new business,” Chief Executive Officer Ron Johnson told CNBC Tuesday.
You never know for sure what moves a stock, but increasingly social media, especially Twitter and its cousin, Stocktwits, is playing a bigger role in daily market moves. The most recent: J.C. Penney.
Check out which companies are making headlines after the bell Monday:
This year, parents are saying they are planning on spending more on back-to-school supplies despite the tough economic times.
Take a look at some of Thursday’s morning movers.
Pershing Square Capital Management founder Bill Ackman told the audience at Delivering Alpha that his fund would take an activist role in Proctor & Gamble.
Take a look at some of Wednesday's midday movers:
Once left for almost dead, buyers are starting to get interested in this stock, say the Fast pros.
Estimates for the back-to-school shopping season are starting to come in and some of the reports are pretty grim, as analysts fear recent weakness in consumer spending will only grow worse in the months ahead.
Days after Target announced a new partnership with high-end department store Neiman Marcus, the company hit fresh a 52-week high on Friday. Still, one analyst thinks it has more room to run.
With the latest data from China calling demand for metals into question, top trader Tim Seymour is watching one stock very closely.
Take a look at some of Tuesday's midday movers:
While Best Buy cutting back on staff is nothing new — and certainly not a surprise — it may be the first of many announcements to come from retailers, especially as the holidays approach. Last year, Best Buy cut back on its plans to hire temporary staff for the holiday, adding only 15,000 workers versus 29,000 in 2010.
Retailers reported largely disappointing sales in June, as consumers pulled back on spending amid concerns about jobs and the economy.
As online shopping has surged, traditional retailers have lost millions in sales to so-called showrooming — when shoppers check out products in stores that they then buy from websites. Now some big retailers are taking a new approach, The New York Times reports.
JC Penney surprised shoppers with a huge sale, but what happened to CEO Ron Johnson's plan to ditch the sales for everyday low prices? CNBC's Herb Greenberg has the details.
It’s getting more difficult for discount-addicted consumers to get their fix. Major retailers are scaling back promotions — for better or worse.