While J.C. Penney still has a long way to go in reaching its goal of $1.2 billion in EBITDA by 2017, it continued to show marked progress.» Read More
Retailer JC Penney should be trading “meaningfully higher” than where it is now, according to activist investor William Ackman, CEO of Pershing Square Capital and a newly-appointed JC Penney board member.
Retailers such as JCPenney, Target and Walgreens are partnering with magazines like Glamour, PeopleStyleWatch and Modern Bride to leverage their fashion authority to help sell everything from tops to bridal gowns to lipstick.
Fears that winter weather would result in disappointing retail sales may have been overblown, as several retailers have not only reported better-than-expected monthly sales reports, they are also raising fourth-quarter earnings estimates.
January retail sales surprise mostly to the upside, with little whining about the weather. They did it again: despite a lack of clearance inventory, tough comps, and snowstorms, most retailers posted gains in January.
Investors slammed retail Wednesday worried that record snowstorms will impact same store sales numbers out Thursday. What should you expect?
Stocks ended sharply higher as the Dow and the S&P 500 hit new multi-year highs, easily erasing losses from Friday's sharp sell-off on turmoil in Egypt as investors focused on upbeat earnings and economic news.
Stocks added to solid gains on Tuesday, pushing the Dow and S&P 500 to multi-year highs, as the market easily erased losses from Friday's sharp sell-off in the wake of turmoil in Egypt as investors focused on upbeat earnings and economic news. Pfizer and Alcoa rose, while P&G fell.
See what's happening, who's talking and what will be making headlines on Tuesday's Squawk on the Street.
Stocks closed higher with the Dow finishing 20 points shy of 12,000 on the strength of materials and tech stocks and as investors awaited a handful of major earnings later this week. Alcoa and IBM rose, while BofA fell.
Stocks trimmed gains, but remained significantly higher, as techs and materials lifted the market as investors awaited a handful of major earnings from the sector later this week. Alcoa and IBM rose, while BofA fell.
Silver coin sales have been on a tear in recent months and can be used as an economic indicator to show a lack of confidence in the U.S. monetary policy, said Nicholas Colas, chief market strategist at ConvergEx.
Stocks extended modest gains as tech stocks rose and lifted the Nasdaq for the first time in several sessions. Alcoa and IBM rose, while BofA fell.
Also: Radio Shack down over 10%. CEO Julian Day plans to retire as chairman, chief executive officer around May 16, 2011, on or about the scheduled shareholders meeting. And Rock Tenn will buy packing from Smurfit Stone Container.
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.