Physical stores and the malls that house them are aiming to bring the ease of online shopping to the real world.» Read More
*J.C. Penney, other retail shares rally after results. NEW YORK, Feb 27- The S&P 500 closed at a record on Thursday and ended in positive territory for the year after Federal Reserve Chair Janet Yellen said harsh weather seems to be to behind recent U.S. economic softness.
*J.C. Penny, Best Buy rally after results. NEW YORK, Feb 27- U.S. stocks were little changed on Thursday as comments from Federal Reserve Chair Janet Yellen failed to provide clarity on the impact of a harsh winter on recent economic weakness, while concerns rose over turmoil in Ukraine.
We have now gone three days in a row where the S&P 500 has failed to break to new highs, while retail gives us more of the same.
*Retailers look to rise after J.C. Penny, Best Buy results. NEW YORK, Feb 27- U.S. stock index futures pointed to a slightly lower open on Thursday, with a better-than-expected read on durable goods helping to offset geopolitical uncertainty in Ukraine.
Some of the names on the move ahead of the open.
*J.C. Penney and Best Buy rally in premarket after results. NEW YORK, Feb 27- U.S. stock index futures fell on Thursday, with the S&P 500 poised to recede further from record levels amid political uncertainty in Ukraine and ahead of comments from Federal Reserve Chair Janet Yellen.
Feb 27- Kohl's Corp said on Thursday that it expected modest sales gains in its new fiscal year and reported a lower fourth-quarter profit, hurt by markdowns during the holiday season and higher shipping costs in its e-commerce business.
'Sadly they've gone from being a leader to a laggard. They've failed to keep up,' said one consultant about JC Penney.
Feb 25- Macy's Inc's sales this year were weak until Valentine's Day, the department store operator said on Tuesday, but it stuck to its full-year forecast because it expects business to return to normal when the weather improves.
The latest cold blast is likely to add to the murky economic picture, which is already making it difficult for stocks to advance.
This is Talking Squawk, the official "Squawk Box" blog, providing tidbits, insights and sarcastic reflections.
Customer satisfaction with online shopping slipped 4.9 percent to a benchmark of 78, the lowest score since 2001.
NEW YORK, Feb 11- Investors can't blame the stock market's bumpy ride so far this year on S&P 500 earnings, which could end the reporting period with the best quarterly growth in more than two years.
Estimates fourth-quarter profit $1.10- $1.11/ share vs analyst est. The company's strong results come after a number of retailers, including Kohl's Corp and J.C. Penney Co Inc, posted weak sales in the key U.S. holiday quarter. The company estimated earnings of $1.10- $1.11 per share for the quarter, above its prior forecast of $1.04- $1.07 per share.
"Consumers are being hit by a perfect storm of events," said Craig Johnson, president of advisory firm Customer Growth Partners. Kohl's Corp on Thursday said sales in January were "significantly" lower than expected as shoppers stayed away, and the department store chain lowered its profit forecast.
WASHINGTON, Feb 6- The number of Americans filing new claims for unemployment benefits fell more than expected last week, in a boost to the labor market outlook and the broader economy.
"Consumers are being hit by a perfect storm of events," said Craig Johnson, president of advisory firm Customer Growth Partners. Kohl's Corp on Thursday said sales in January were "significantly" lower than expected as shoppers stayed away.
As electric vehicles catch on, business owners wonder whether the upfront cost of an EV charging station will pay them back in terms of customers.
NEW YORK, Jan 15- J.C. Penney Co Inc said on Wednesday it would close 33 stores and cut 2,000 jobs as part of its efforts to return to profitability. Last week, Macy's Inc said it was eliminating 2,500 jobs.
NEW YORK, Jan 15- J.C. Penney Co Inc said on Wednesday it will close 33 stores and cut 2,000 jobs as part of the struggling retailer's efforts to return to profit. Chief Executive Myron Ullman in a statement called the move an important step that "addresses a strategic priority to improve the profitability of our stores."