The season will be "decent" but new Apple products will take business away from traditional mall retailers, one analyst said.» Read More
May 15- J.C. Penney Co Inc reported a rise in comparable store sales for the second consecutive quarter, helped by demand for household goods and men's and women's clothing, sending the company's shares up more than 25 percent in after-hours trading.
JC Penney reported a quarterly loss and revenue that beat analysts' expectations on Thursday.
European shares closed lower on Thursday, as GDP data disappointed.
*Wal-Mart profit falls as severe winter deters shoppers. NEW YORK, May 15- U.S. stocks dropped more than 1 percent on Thursday, fueled by a selloff in small-cap stocks and disappointing results from Wal-Mart.
*Wal-Mart profit falls as severe winter deters shoppers. NEW YORK, May 15- Wall Street extended its losses into a second day on Thursday as weaker-than-expected earnings from Wal-Mart and a selloff in momentum stocks overshadowed positive economic reports.
*Wal-Mart profit falls as severe winter deters shoppers. NEW YORK, May 15- Wall Street was set for a lower open on Thursday as weaker-than-expected earnings from Wal-Mart Stores Inc overshadowed a number of better-than-expected economic reports.
U.S. stock index futures shaved their losses following a better-than-expected jobless claims report, though disappointing earnings from Wal-Mart weighed.
*Wal-Mart profit falls as severe winter deters shoppers. *Wal-Mart Stores Inc reported a 5 percent fall in quarterly profit as severe winter weather hurt comparable sales in the United States. *The New York Fed's Empire State and Philadelphia Fed manufacturing surveys are due at 8:30 a.m. and 10:00 a.m. EDT, respectively.
Some of the names on the move ahead of the open.
Kohl's delivered quarterly earnings and revenue that fell short of analysts' expectations on Thursday.
Thousands of Vietnamese set fire to foreign factories and rampaged in a reaction to Chinese oil drilling in Vietnam's part of the South China Sea.
Markets will navigate a series of economic reports while traders worry the lowest bond yields in seven months could sting stocks.
*Sears Holdings says it may put Sears Canada up for sale. Sears Holdings, which operates more than 2,300 stores in the United States and Canada, said it will hire an investment bank to explore options for its share of Sears Canada. The move comes as Sears Holdings, which operates Sears and Kmart discount stores, tries to engineer a turnaround.
*Sears Holdings says it may put Sears Canada up for sale. May 14- Sears Holdings Corp said on Wednesday that it was considering the sale of its 51 percent stake in Sears Canada Inc, a move that could mean all of the Canadian department store operator goes up for sale.
U.S. cosmetics company Elizabeth Arden Inc said it is evaluating strategic alternatives, sending its shares down 16 percent after the bell.
Parents and the purchasing power they represent are also shying away from teen retailers, as they seek value when making purchases for their kids.
In the week ahead, Monday and Wednesday could be kinda big. Are you ready?
Traders await retail sales, inflation data and retailer earnings, but it's the stock market's own behavior that could be most key in the week ahead.
Talking Squawk, the official "Squawk Box" blog, provides tidbits, insights, and some sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME.
Physical stores and the malls that house them are aiming to bring the ease of online shopping to the real world.