Target will hire 70,000 seasonal workers this holiday, Wal-Mart 60,000 and J.C. Penney 35,000.» Read More
Which retail stocks should investors keep an eye out for in ’07? Robert Buchanan, retail analyst for A.G. Edwards, and Dana Telsey, retail analyst and chief research officer for Telsey Advisory Group, were on “Morning Call” to give their picks. Buchanan has a buy on J. C. Penney . He says a slowing has already occurred and the company is poised for growth in the new year. Buchanan especially likes the management at Penney.
Catherine West, 47, was named executive vice president and COO in June and previously worked for Capital One Financial, where she had been president of its U.S. card business. Her termination was effective immediately, J.C. Penney said in a brief statement.
Stocks closed slightly higher after giving back big gains from an early session surge.
Retail sales in the U.S. rose a paltry 2.1% in November. Now the race is on to capture valuable holiday shopper dollars before the end of the season. But are the discounts being offered to lure customers into stores shaving too much off the retail industry’s profit margins? Marshall Cohen – chief retail analyst at NPD Group – seems to thinks so.
Stocks closed mostly lower amid higher oil prices and a surprising decline in Midwest business activity.
Black Friday and Cyber Monday are behind us; the madness of the final shopping countdown lies ahead. Where does U.S. retail stand today? Richard Hastings, senior retail analyst at Bernard Sands, and Standard & Poor's Retail Analyst Jason Aseyda weighed in on “Morning Call.”
Retailers reported mixed November same-store sales, with nearly half falling short of forecasts.
Nearly half of holiday shoppers are expected to spend the same amount as they did last season, according to a new CNBC poll.