While many U.S. business sectors are being hurt by the rising dollar, there's one that is reaping its benefits.» Read More
Macy's, which owns the high-end Bloomingdale's chain, said the move would help offset higher expense expected from healthcare and retirement plans. Picking up goods from stores after ordering online, a service being rolled out at all large Macy's and Bloomingdale's stores, has also gained popularity as shoppers can save shipping charges and collect orders...
Check out which companies are making headlines after the bell Thursday: Macy's, Gap, Ruby Tuesday & more.
Jan 8- Macy's Inc said it would close 14 stores in early spring 2015 and cut some jobs to boost its investment in technology and offset higher expense expected in healthcare and retirement plans. The retailer said it expected savings of about $140 million per year, beginning in 2015.. Macy's said its workforce is expected to remain at a level of about 175,000 as it...
The retailer is restructuring, including plans to shutter stores and consider off-price business.
Lower gas prices and better employment numbers could have been factors in better guidance from retailers.
In a first glimpse of how the season shaped up for major retailers, JC Penney Company Inc reported on Tuesday comparable store holiday sales growth of 3.7 percent, surprising investors and driving the struggling department store operator's stock up 16.6 percent. JC Penney would not comment on what impact gas prices had on its results. The impact is expected to...
Six months after the last five 50-percent drops in oil prices, the S&P 500 was up four of those times.
Jan 6- Department store operator J.C. Penney Co Inc said same-store sales rose 3.7 percent in November and December, boosting its shares and offering a glimpse of what is expected to be the best holiday season for retailers since 2011.. Brian Sozzi, head of Belus Capital Advisors, said investors had been overly bearish on J.C. Penney's prospects and...
European debt yields keep dropping, the dollar is strengthening against the euro, and oil has not found a bottom yet.
Take a look at some of Wednesday's midday movers:
Demolition crews began work earlier this week on Cleveland's Randall Park Mall, once the world's largest shopping center.
SAN FRANCISCO, Dec 29- Major U.S. retailers including Target Corp and Toys' R Us have begun allowing shoppers to collect online purchases at their brick-and-mortar stores, but a study shows the option often saves little, if any, time over in-store shopping. It comes in response to competition from the No. 1 U.S. online retailer, Amazon.com Inc, which has streamlined...
*Gilead Sciences rises on analyst upgrade. NEW YORK, Dec 29- U.S. stocks were little changed in thin trading on Monday as the S&P 500 notched its latest record high, but gains were curbed when an early rally in energy prices lost momentum. Brent settled down $1.57 at $57.88 and U.S. crude settled down $1.12 at $53.61 a barrel.
Incoming Hudson's Bay CEO Storch said the Internet, value and luxury goods will be the most important retail themes of 2015.
*Gilead Sciences rises on analyst upgrade. NEW YORK, Dec 29- U.S. stocks were little changed in a quiet session on Monday as a decline in oil prices weighed on the energy sector, although the S&P 500 was on track to notch yet another record high. Brent was last off 2.8 percent at $57.80 while WTI lost 2.6 percent to $53.30.
Take a look at some of Monday's midday movers:
*Gilead Sciences rises on analyst upgrade. NEW YORK, Dec 29- U.S. stocks edged higher in a thinly-traded session on Monday as the market's recent upward bias continued and put the Dow on track for an eighth straight daily advance. The Dow's seven-session streak is its longest since March 2013, when it rose for ten straight sessions.
Here are 6 things a merry holiday-shopping season says about the economy for 2015, says retail analyst Brian Sozzi.
Some of the names on the move ahead of the open.
Some stores are making it easier to return or exchange gifts by offering longer return periods, and there are even apps to do it.