Activist investor and Pershing Square Capital CEO, William Ackman explains why he is giving the retail company several years to turnaround, despite its recent sales plunge.
JC Penney is banking on a new strategy of low prices and no coupons; however the company sent mail with a coupon. Rick Snyder, Maxim Group retail specialist, and CNBC's Herb Greenberg, weigh in.
Shares of JC Penney are tumbling more than 4 percent today after a huge earnings miss, and Apple shares, though up today, entered bear market territory this week. Steve Cortes, Veracruz LLC founder and Enis Taner, RiskReversal.com, weigh in.
CNBC's Herb Greenberg and Jim Cramer discuss JC Penney's disappointing earnings; and Liz Dunn, Macquarie Capital senior analyst, explains why she has an outperform rating on the stock.
Shares of JC Penney are taking a hit after reporting a quarterly loss of $0.93 per share compared to estimates for a $0.07 loss. Matthew Boss, JPMorgan retail analyst, offers insight.
The "Squawk on the Street" news crew report on today's market-moving stories, including a check on earnings for JC Penney, Disney, and Groupon.
Brian Nagel, Oppenheimer & Co., breaks down the retailer's third quarter numbers.
Nov 2- Clothing company Ralph Lauren Corp reported higher-than-expected quarterly earnings on Friday as revenue held up despite growing anxiety about luxury sales. Without the impact of store closings in China and the discontinuation of Ralph Lauren's low-priced American Living brand, revenue would have risen 3 percent, the company said.
Nov 2- Ralph Lauren Corp on Friday reported lower quarterly earnings and reduced its full-year sales forecast because of its ongoing closures of locations in China and the discontinuation of its American Living brand, warning that the global economy is still threatening demand for its fashion items.
SAN FRANCISCO, Oct 29- Apple Inc Chief Executive Tim Cook on Monday replaced the heads of its software and retail units in the company's most sweeping executive shake-up in a decade following embarrassing problems with its new mapping program and unpopular store-related decisions.
SAN FRANCISCO, Oct 29- Apple Inc said on Monday its iPhone software chief and its head of retail would leave, a major executive shake-up that follows embarrassing problems with the company's new mapping software and disappointing quarterly results.
NEW YORK-- Procter& Gamble's fiscal first quarter net income fell 7 percent on a stronger dollar and costs related to restructuring, but its results beat Wall Street expectations in a sign that a turnaround plan that it started in the spring is beginning to work.
WINSTON-SALEM, N.C.-- Shares of clothing maker Hanesbrands Inc. fell Wednesday as investors digested a conservative profit outlook that was below what analysts had expected. During a conference call with investors late Tuesday, Rich Noll CEO said that Penney was a "big drag" on sales, particularly in bras and other underwear.
J.C. Penney Co. said Tuesday that for the entire month of November families can have a portrait done for free. The free portrait service is available at 530 Penney stores that have portrait studios. Penney operates more than 1,100 stores.
NEW YORK-- Is J.C. Penney breaking its promise to offer no more coupons? In its latest email to customers, the department store chain's CEO Ron Johnson not only offered an update on the recent changes at the chain, but also dangled an incentive to come back: $10 off customers' next purchase.
Oct 11- The J.C. Penney Co Inc CEO who tried to wean the retailer from a heavy dependence on price discounts and coupons has a somewhat surprising offer for customers: a coupon. In February, J.C. Penney stopped offering coupons and most of the hundreds of sales events it used to hold each year in favor of an approach that emphasized everyday low prices.
*Apple shares fall 1.4 percent after setback in Samsung case. *Sprint volume surges, shares jump on Softbank deal reports. NEW YORK, Oct 11- U.S. stocks erased most gains and were little changed on Thursday as a drop in Apple shares after a legal ruling dented broad market gains on a sign of improvement in the jobs market.
NEW YORK-- Shares of J.C. Penney Co. rose Thursday for the second day in a row, after a key supplier, Levi Strauss& Co., said that its new shops within the retailer's stores are faring well.
Oct 9- Levi Strauss& Co reported lower quarterly revenue and profit, as economies in Europe and Asia slowed and the company phased out its Denizen brand in Asia. Overall, net revenue for the three months ended August 26 fell 8.6 percent to $1.1 billion, while net income at the privately held clothes maker slipped to $28 million from $32 million a year earlier.
DHAKA, Oct 9- Bangladesh's exports rose in September for the third month in a row thanks to improving garment orders, official data showed on Tuesday. Total exports for July-September, the first quarter of Bangladesh's financial year, were up 2.1 percent to $6.29 billion.