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J C Penney Company Inc

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  • The turkey’s not even in the oven, but the annual game of chicken has begun.  Consumers are waiting to see if retailers grow desperate and cut prices deeper than planned.

  • Stocks Weaker On Lowe's Guidance, Citi's Downgrade Monday, 19 Nov 2007 | 9:29 AM ET

    Stocks a bit weaker this morning as Lowe's joins JC Penney, Kohl's, and Ann Taylor in lowering guidance...down 4% pre-open, and Goldman downgrades Citi to a sell, saying it may have to write off $15 billion in debt losses over the next two quarters. With all that has happened to Citi, traders griping this is a little late, down 4% pre-open.

  • Holiday Retail Winners and Losers: A Preview Friday, 16 Nov 2007 | 3:27 PM ET
    Shoppers look at home theater televisions at the Best Buy store Monday, Sept. 11, 2006 in Richfield, Minn. Best Buy Co. Inc., the nation's largest consumer electronics retailer, said its second-quarter earnings rose 22 percent on a 13 percent increase in revenue. The results beat Wall Street expectations, but Best Buy left its full-year guidance unchanged. (AP Photo/Jim Mone)

    Electronics are in, women's clothes are out -- and leather handbags and jewelry are on the fence heading into next week's unofficial start to the 2007 holiday season. U.S. consumers are struggling with soaring fuel and food costs and the falling housing sector.

  • Retailers Showing Q4 A Mixed Bag So Far Friday, 16 Nov 2007 | 9:19 AM ET

    The fourth quarter is now half over, and fourth quarter earnings estimates have been coming down quickly for financials and retailers. Both Kohl's and Ann Taylor lowered their guidance. Ann Taylor noted that "Traffic trends were particularly soft in the month of October," though they improved in November

  • Market Insider/Friday Look Ahead Thursday, 15 Nov 2007 | 11:24 PM ET

    Wall Street has little to look for in terms of economic data Friday, but there could be spillover from Thursday's scaredy-cat markets.

  • Kohl's Posts Lower Profit, Cuts Forecast Thursday, 15 Nov 2007 | 6:11 PM ET

    Kohl's, a mid-priced retailer of apparel and home goods, reported a 14 percent drop in third-quarter profit as sales fell short of analysts' estimates, and cut its earnings forecast for theholiday selling season and full year.

  • Stocks Close Lower On More Credit Worries Thursday, 15 Nov 2007 | 6:08 PM ET

    Stocks closed sharply lower as investors remained skittish about the housing slump's toll on the economy and potential credit losses at big financial services companies.

  • Markets Have No "Leadership" At This Point Thursday, 15 Nov 2007 | 5:02 PM ET

    After the bell, Kohls joined JC Penney and lowered fourth quarter guidance, down 3%. What's wrong with today? No follow-through to Tuesday rally, first. Second, we have now ended at the lows 5 of the last 7 days. Third: no leadership

  • JC Penney Profit Falls 9%; Retailer Lowers Forecast Thursday, 15 Nov 2007 | 2:47 PM ET
    J.C. Penney

    J.C. Penney reported a 9 percent drop in quarterly profit Thursday, saying sales weakened "dramatically" in September and October, and the department store operator slashed its fourth-quarter forecast.

  • Oil, Financials, Retail Key Issues For Markets Thursday, 15 Nov 2007 | 12:27 PM ET

    Here's what we're focusing on throughout the day: Oil took a dive after inventory data showed an unexpected build in supply. Oil was also moving lower earlier after OPEC cut its demand forecast for the fourth quarter Core CPI for October rose 0.2%, in line with expectations. Oil is lower this morning , following comments earlier this week from the IEA. Inventory data was due at 10:30 a.m.

  • CPI, Subprime Helping Markets, JC Penny Disappoints Thursday, 15 Nov 2007 | 9:22 AM ET

    Good and bad news this morning. Good news: CPI in line with expectations. --More relief on the subprime front. UBS said they do not expect a major write-down of subprime-related exposures.

  • The Clock Is Ticking Wednesday, 14 Nov 2007 | 11:02 AM ET

    Tuesday's rally has opened a buying window that won't be around forever.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • I haven't purchased a single Christmas gift for ANYONE that I know. For me, this may be inexcusable given the amount of time that I spend in malls for work. I'm trying to rein in my spending and apparently I'm in good company. According to the National Retail Federation, more than 70% of consumers have completed only 10% of their holiday shopping.

  • Buy Tech, Sell Financial "Plan" Falling Apart Monday, 12 Nov 2007 | 4:37 PM ET

    The market is finishing at the lows, three of the last four days. A tough situation, since traders now get unnerved in the last hour, even if the trend is neutral going into the close (as it was today), or even if the trend is up (as it was on Friday, and stocks still fell apart in the last hour).

  • Traders Looking At Financials Again? Monday, 12 Nov 2007 | 2:00 PM ET

    Reversing the trade is the key story today: 1) The "buy tech, sell financials" trade--which has been astonishingly successful since July--is showing signs of unwinding as traders nibble on financials. 

  • Retail Sales Disappoint for Second-Straight Month Thursday, 8 Nov 2007 | 1:18 PM ET
    Holiday Shopper at Walmart

    Retailers posted a second-straight month of weak sales, as warmer-than-usual weather cooled demand for fall clothing and surging gasoline prices and a weak housing sector created a more cautious consumer.

  • Retailer J.C. Penney recalled thousands of Winnie-the-Pooh doll play sets,wooden art boxes and horse-themed holiday ornaments because of unsafe levels of lead paint, the US Consumer Product Safety Commission said Thursday.

  • Stocks End Lower Amid Selloff in Tech Stocks Thursday, 11 Oct 2007 | 5:42 PM ET

    After hitting record intraday highs, stocks closed lower led by a selloff in tech shares. "We've certainly had a good run in the market and it's been driven by momentum and not necessarily valuation,"  said John Massey, portfolio manager at AIG SunAmerica Asset Management.

  • Retail "Food Fight" Eating Up Stocks? Thursday, 11 Oct 2007 | 11:18 AM ET

    A real food fight breaking out over the September retail sales numbers. No hiding the facts: they were below expectations, which had already been lowered. Men's Warehouse, American Eagle, Target, Limited, Nordstrom, JC Penney lowered earnings; Kohl's said earnings would be at the low end of the range.

  • Retailer's Surprise: Lower Guidance Thursday, 11 Oct 2007 | 9:46 AM ET

    September comparable retail sales were generally lower than expected, even after numbers were lowered in the last week. Apparel companies like Limited, Chico's, Abercrombie, Gap and Limited missed, but so did Target, as did the department stores like Saks and Nordstrom.