J.C. Penney is about to undo the centerpiece of former Chief Executive Officer Ron Johnson's failed vision to take the retailer upmarket.» Read More
Feb 25- Macy's Inc on Tuesday reported a higher quarterly profit as the department store chain had one of the best sales performances among retailers during the holiday season. Macy's reported net income of $811 million, or $2.16 a share, for the fourth quarter ended Feb. 1, compared with $730 million, or $1.83 per share, a year earlier.
Two big retailers' earnings, home price data and consumer confidence could swing market focus back to the economy Tuesday.
NEW YORK, Feb 23- For U.S. stock investors, the main event will be Federal Reserve Chair Janet Yellen's return trip this week to Capitol Hill. Wall Street will hang on her every word about the weather, of all things, when she goes before the Senate Banking Committee to complete her semi-annual testimony about monetary policy.
The main focus will be Part Two of Federal Reserve Chair Janet Yellen's semi-annual monetary policy testimony before the Senate Banking Committee on Thursday. Ironically, Yellen's congressional testimony before U.S. lawmakers was rescheduled after a Senate panel previously canceled the original hearing date due to a recent snowstorm in Washington, D.C..
The latest cold blast is likely to add to the murky economic picture, which is already making it difficult for stocks to advance.
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Wal-Mart and Nordstrom report tomorrow. A crummy outlook may be priced into Wal-Mart.
Customer satisfaction with online shopping slipped 4.9 percent to a benchmark of 78, the lowest score since 2001.
So far, the stock market has looked past the weather impacts on manufacturing, housing, consumer spending and even hiring.
All eyes are on retail for signs on the consumer but there are a few reasons to be wary of fourth-quarter earnings, says the CEO of CardHub.com.
Few realize how much work is involved for the retail industry, which attends the shows searching for looks that will get shoppers spending.
Stay away from the retailers that blame their woes on winter weather, former Toys R Us CEO Gerald Storch says.
Feb 5- Designer clothing company Ralph Lauren Corp said it expects increased promotions to eat into gross margins, spooking investors who had earlier pushed the stock higher on a strong sales outlook. Ralph Lauren's shares rose as much as 6 percent in early trading on Wednesday but reversed course to trade down 3 percent by midday.
Feb 5- Designer clothing company Ralph Lauren Corp forecast a strong finish to its financial year after posting a better-than-expected 10 percent rise in third-quarter profit, sending its shares up 9 percent in premarket trading.
Retailers need to do a lot more to defend themselves against future cyberattacks, according to security experts and IT service providers.
NEW YORK, Feb 5- Target Corp's decision to speed up a $100 million program to adopt the use of chip-enabled smart cards is just a drop in the bucket when it comes to what retailers need to do to defend themselves against future cyber attacks, according to security experts and IT service providers.
Jan 24- Wal-Mart Stores Inc said on Friday it had cut 2,300 jobs, or roughly 2 percent of the total workforce at its Sam's Club retail warehouse chain, its biggest round of layoffs since 2010.. The action follows a lackluster U.S. holiday season and layoffs announced earlier this month from U.S. retailers Macy's Inc, J.C. Penney Co Inc and Target Corp..
Jan 24- Wal-Mart Stores Inc said it cut roughly 2 percent of total employees, or about 2,300 jobs, at its Sam's Club retail warehouse chain on Friday, its biggest round of layoffs since 2010.. The action comes on the heels of a lackluster U.S. holiday season and layoffs announced earlier this month from U.S. retailers Macy's Inc, J.C. Penney Co Inc and Target Corp..
NEW YORK, Jan 24- Corporate America is rapidly healing one of the last wounds suffered in the 2008 financial crisis.
A number of retailers have said that traffic levels continue to struggle, and experts say the heavy promotional environment has also persisted.