J.C. Penney shares were up more than 3 percent Monday, defying a down day for the markets.» Read More
Good results or bad — It won’t be long before retailers have to rip off the monthly same-store sales Band-Aid when the report comes out Thursday.
Stocks ended narrowly mixed in another lackluster session Friday as investors hesitated to remain long ahead of the weekend, but the major indexes still posted gains for the week with the S&P logging its best finish since June 2008.
It will take at least a year before J.C. Penney reports earnings improvement resulting from its new “store within a store” strategy, Piper Jaffrey retail analyst Jeff Klinefelter told CNBC.
JC Penney reported a quarterly loss, but one analyst on Friday saw more upside in the retailer’s stock price.
JC Penney reported a Q4 loss, but its shares are up 40% in the past three months, with Liz Dunn, analyst at Macquarie.
This weekend: A Group of 20 nations meeting of finance ministers and central bank governors in Mexico City. The debate will be simple: Should there be additional capital contributions to the International Monetary Fund? This is going to be contentious.
U.S. stock index futures edged higher Friday, looking to extend the previous session's gains, as investors waited for a handful of economic reports later this morning.
Take a look at some of Friday morning's early movers:
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Retailers reported mixed sales results in January, offering a signal that American consumers remain cautious amid a weak economic recovery.
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Stocks finished mixed Friday, as investors digested a handful of tepid earnings and economic reports in addition to ongoing jitters in the euro zone. The S&P and Nasdaq posted their fourth weekly gains, while the Dow finished in negative territory for the week.
Former NBA player Kevin Willis is expanding his Willis & Walker clothing line — a line he started 24 years ago when he was playing forward for the Atlanta Hawks — from bespoke suits to the mass big and tall market.
Companies are repurchasing shares at levels not seen since before the financial crisis, but most buybacks don’t pay off for shareholders, a new report says.
Before the start of JC Penney’s analyst day, William Ackman, largest holder of of JCP shares and Board Member, told CNBC it would be the most important day for retail in 25 years. Now that is a lot of pressure. Today is day two.
CNBC's Gary Kaminsky and Herb Greenberg discuss JC Penney chief operating officer's 2012 earnings per share guidance of $1.59 versus $1.25.