Macy's has filed an appeal challenging a judge's ruling that J.C. Penney can sell unbranded Martha Stewart goods in its stores for now -- the latest salvo in a legal war between the two retailers.
Despite signs the consumer may be starting to pull back, discount stores and home retailers remain attractive investment opportunities, says one analyst.
In real-time, retail designs a better sale.
Is the worst finally over for beleaguered department store JC Penney?
In the latest twist of the courtroom battle between Macy's, J.C. Penney and Martha Stewart's company, the judge says that J.C. Penney will be allowed for now to sell some Stewart products. Still, Macy's CEO Terry Lundgren said he plans to appeal if his company ultimately loses in court.
Troubled J.C. Penney has hired Blackstone financial advisory arm to explore how best to position the firm financially, three sources said on Thursday.
Martha Stewart's company lost a bid to dismiss a claim by Macy's that it violated their contract when it designed certain products for JC Penney.
Three more top executives at J.C. Penney have left the ailing retailer, the New York Post reported, following the ouster of Chief Executive Ron Johnson.
Here's our Fast Money Final Trade. Our gang gives you Thursday's best trades, right now.
As unfortunate as events may be for JCPenney, they may in fact be extremely fortuitous for rivals.
Facing sharp declines in sales and a plunging stock price, JC Penney's newly re-appointed CEO Mike Ullman must stabilize the struggling retailer's sales while modifying its strategy for winning over customers, analysts said.
Research Director for Mad Money, Nicole Urken, discusses JCP’s demise and the difficulty of turnaround.
Stocks reversed their early losses to end near session highs in thin trading Monday, but investors hesitated to jump in ahead of what is expected to be a lackluster first-quarter earnings season.
The "Fast Money" traders share their final trades of the day.
Take a look at some of Monday's midday movers:
U.S. futures were higher on Wall Street Monday, following the worst weekly decline for major averages this year ahead of earnings results from Alcoa after the close.
Macy's and rival J.C. Penney are due back in court Monday in their battle over Martha Stewart home goods after a month-long mediation effort appeared to have failed.
The retailer is soft-launching some of its home shops—in-store boutiques for furnishings from designers such as Jonathan Adler and Michael Graves—hoping that they will help spur plummeting sales. The Street will be watching.
Take a look at some of Thursday's midday movers:
The struggling department store chain is poised to open the first of its new home goods boutiques, a launch that Johnson himself has called "pivotal" to his efforts to revive Penney.