Target will hire 70,000 seasonal workers this holiday, Wal-Mart 60,000 and J.C. Penney 35,000.» Read More
U.S. stock futures traded flat to slightly higher at the start of a week featuring dozens of major earnings reports, as well as a Federal Reserve statement and a slew of macroeconomic data.
J.C. Penney plans to give board seats to the hedge fund Pershing Square Capital Management and Vornado Realty Trust, months after the two investors purchased big stakes in the retailer, people with direct knowledge of the matter told DealBook on Sunday, the New York Times reports.
Retail stocks were on the trader radar, after Dillard’s hit a 52-week high, on news that the store planned to form a REIT subsidiary.
Department store shares up big on a down day. Dillards has said they are forming a REIT subsidiary. Why do this? Because for some retailers, the value is not in the brand or the merchandise, or the CEO vision — it's in the real estate.
We’ve updated this post with even more trades from the Fast Money gang.
While much of the market was focused on weakness in the Dow and S&P 500, the Fast traders were very impressed by gains in the semiconductor space.
Deborah Weinswig, a top retail analyst at Citigroup, reveals which stocks are worth looking at on this pullback.
Despite those strong sales gains, why aren’t their stocks moving much to the upside?
Retail is a 'lead indictor for the S&P' and the broader market, David Berman, president of the retail-based hedge fund Durban Capital, told CNBC on Wednesday. 'Everyone gets excited about department stores, the problem is that they are really on a long-term death spiral.'
Heading into Thursday's batch of retail sales reports, expectations are high that retailers will report their strongest sales in four years. However, as BJ's Wholesale's report showed Wednesday, there are sure to be some misses here and there.
Bill Ackman, the activist investor whose Pershing Square Capital took a 16.5 percent ownership stake in J.C. Penney last fall, has not been pushing JCP to broadly pursue a transaction to create value, but rather has been engaged with the company in conversations about how it can improve its operations, according to sources.
A new report from MasterCard Advisors' SpendingPulse, which estimates sales across all payment forms, shows strong sales growth in December for apparel and high-end items, including jewelry. Online sales were also very strong, perhaps helped by wet weather in West and a post-Christmas blizzard in the Northeast.
Stocks closed mixed amid thin holiday trading after a couple lackluster economic reports on housing and consumer confidence. Chevron and HP rose, while American Express fell.
Stocks declined modestly amid thin holiday trading and after a couple lackluster economic reports as the Northeast recovered from a huge snowstorm. Caterpillar and Disney fell, while Bank of America rose.
See what's happening, who's talking and what will be making headlines on Monday's Squawk on the Street.
After a rough 2009 that saw the demise of several stores, jewelry merchants have emerged as the shining star of the retail sector this holiday, with chains from tony Tiffany to mass-market Sterling Jewelers posting robust sales gains.
This holiday season, consumers are beginning to shop and make purchases on their mobile phones. The shift from buying presents in front of the computer at home or work to doing it during bus commutes or while standing in line at cafes is small, but, for the first time, noticeable and even significant. Tthe New York Times reports.
He's got his list. And, he's checking it twice. He's not Santa. He's not on a buying spree. Wall Street Strategies Retail Analyst Brian Sozzi has been surfing the malls in and around the New York City metropolitan area. Sozzi, who is rated five stars by Starmine for accuracy, has been doing this every weekend this season.
Here's our tax cut rally. The key point isn't that the tax cuts were extended, it's that the total package is more comprehensive than anyone expected.