As discounting shows little sign of abating, it's the stores with on-trend merchandise that will emerge as the season's winners.» Read More
NEW YORK, Jan 15- J.C. Penney Co Inc said on Wednesday it will close 33 underperforming stores and cut 2,000 jobs as part of the struggling department store chain's efforts to return to profitability.
Some of Wednesday's midday movers:
J.C. Penney reaffirmed its fourth-quarter outlook, but analysts caution the retailer still isn't where it needs to be in its turnaround efforts.
NEW YORK, Jan 1- If there was one lesson from this year's holiday shopping season, it is that many traditional retailers are having to work a lot harder to persuade Americans to open their pocketbooks. A lot of stores had to discount heavily to eke out a modest increase in sales, likely squeezing profit margins in the process.
A number of specialty stores have pumped the brakes on their dramatic discounts, but department stores are still offering big price cuts.
UPS, embarrassed by deliveries that failed to reach clients in time for Christmas, may have a shrunken fleet of jets to blame. The WSJ reports.
StellaService, which rates retail customer service, scored sites on meeting promised delivery dates on holiday orders.
WEST NYACK, NEW YORK, Dec 24- Retailers are trying new ways to win over Christmas procrastinators. "There is not a whole lot you can do at the 11th hour, but this is one of the few levers you can pull," said Sucharita Mulpuru, an e-commerce analyst at Forrester Research, about what the industry calls "omni-channel" shopping.
Shopping in stores crawled this holiday season, leaving a pile of unsold inventory. That means bigger-than-usual after-Christmas sales.
NEW YORK, Dec 24- Retailers are trying new ways to win over Christmas procrastinators. "There is not a whole lot you can do at the 11th hour, but this is one of the few levers you can pull," said Sucharita Mulpuru, an e-commerce analyst at Forrester Research, about what the industry calls "omni-channel" shopping.
It is the latest move in a competitive environment that has had retailers trying to out-promote one another since Thanksgiving.
Some retailers desperate for sales and customer loyalty have begun training their employees in the art of bargaining with customers. The NYT reports.
The second storm of the holiday season is making its way through a wide swath of the nation just as the shopping crunch intensifies.
Consumers have more opportunities to pay for holiday purchases over time. But no-interest offers may not be such a bargain.
Kohl's announced on Thursday that it will extend its holiday hours to 24 hours in the days leading up to Christmas.
A shorter holiday calendar could send frenzied shoppers to physical stores for last-minute purchases, taking some sales away from e-commerce.
Costco Wholesale Corp said sales at stores open at least a year rose 2 percent, below the 3.3 percent increase analysts were looking for, according to Thomson Reuters. Costco shares were down 1.9 percent in morning trading.
NEW YORK, Dec 5- Several major U.S. retailers posted disappointing sales for November after cautious shoppers pinched their pennies at the start of a shorter holiday season. Costco Wholesale Corp on Thursday said sales at stores open at least a year rose 2 percent, below the 3.3 percent increase analysts were looking for, according to Thomson Reuters.
Some of the names on the move ahead of the open.
"The names you would traditionally think of with the holidays, they've actually lagged the market," Bespoke's Paul Hickey says.