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
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.
We are now six months from Christmas. While that still gives shoppers plenty of time to make up their minds on what they want to buy, retail executives have to start making up their minds now about what they want to sell.
Take a look at some of Monday's midday movers:
Take a look at some of Thursday’s morning movers:
Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now!
Adobe beats earnings but shares fall; Jamie Dimon takes to Capitol Hill again but little new is learned; Wall Street waits to see what the Fed will do tomorrow; Steve Wynn’s former wife sues to sell her shares.
Separate recent announcements by retailer JCPenney and drug store chain Walgreen could give investors a big opportunity, but Cramer said it’s not what you might think.
Stocks rallied Tuesday amid optimism that the Federal Reserve will announce further steps to help the economy following their two-day meeting, but finished off session highs after reports that a German official said there were no plans to use the EU's rescue fund to buy bonds of troubled countries.
Michael Francis headed for the exit today at JCPenney after 9 short months with the company. Seems the "dream team" is showing some cracks. Mr. Francis was responsible for marketing and merchandising, which will now fall under the control of Ron Johnson, CEO.
Take a look at some of Tuesday’s morning movers:
Microsoft unveils a tablet it hopes can rival the iPad; Oracle announces earnings early; a key exec departs JC Penny and Carl Icahn gets an ally on the Chesapeake board.
As negative as developments sound for one retailer, they may actually be good, if you're a trader.