After failing to transform JC Penney, former Apple retail chief Ron Johnson will launch an e-commerce venture to help shoppers find products.» Read More
Around 60 percent of customers said they feel guilty when they buy something they don't need, and they want to simplify their lives, JC Penney Chairman and CEO Mike Ullman told CNBC Tuesday.
U.S. producer prices rose more slowly than expected in October despite a rebound in food and energy costs, according to a report on Tuesday. Bruce Kasman, chief U.S. economist at JPMorgan, shared his view.
Stocks advanced Friday as Disney's earnings beat and JCPenney's outlook helped offset worries about a drop in consumer sentiment. For the week, the Dow gained 2.5 percent, finishing at its highest level since Oct. 2008.
The S&P 500 closed higher on Friday, giving the stock market a second straight week of gains as upbeat retail news reinforced hopes for strong sales this holiday season.
Next week, more from retailers. October Retail sales on Monday, along with more retail earnings from companies like Saks and Target.
The market will continue to rise, with the S&P finishing the year above 1,100, but its success hinges on the performance of the retail sector this holiday season, said Steve Grasso, market analyst at Stuart Frankel.
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Stocks clawed higher Friday as solid earnings from Disney and JCPenney helped offset worries about a drop in consumer sentiment. It was a wobbly morning but by midday, the Dow was up more than 100 points, or 1 percent.
Retail and tech spending appear to be showing modest boosts, and that has been a major driver of stocks.
Stocks wobbled Friday as investors juggled a drop in consumer confidence against solid earnings from Disney and JCPenney. They started the day higher, then retreated, then made another push higher.
Germany and France both saw their second straight quarter of growth in their GDP (0.7 and 0.3 percent, respectively) as it looks like the recession is over in Europe. Heck, even Italy posted a positive GDP!
What follows is a roundup of corporate earnings reports for November, Nov. 13.
Thursday's losses notwithstanding, Wall Street's major averages enter the Friday session with a chance to finish off their second consecutive week of gains.
The so-called 'risk trade', where the dollar moves lower while risk assets like stocks and commodities move higher, may be unwinding. Retail earnings season continues with JC Penny reporting.
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The weather may be getting colder, but sales for intimate apparel are getting hotter, and Maidenform is feeling the heat, Maurice Reznick, the CEO of the intimate apparel maker, told CNBC.
With major retail names set to announce earnings this week, the sector will be a major focus of the market. Here are the names to watch from a top analyst.
For months now, consumers have been hunkering down in an economic storm, buying only what they need to survive, like groceries, diapers, medicine — and shoes. The New York Times reports.
October retail sales. Now that all the analysts have finished opining to their clients, it's clear there's good and bad news about the direction of retail sales.
October retail sales generally positive, not as robust as last month, but we don't have the back to school stimulus that we had last month.