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.
Despite worries that bank contagion could spread throughout Europe in another banking crisis, the financial sector ETF has dropped only 1.5 percent over the past week and a half. However, the effect of Cyprus could certainly been seen in the credit market.
Take a look at some of Tuesday's midday movers:
Royal baby's not here but some retailers are already lucking out. Who they are and why.
Looking to play the consumer comeback? Look at higher-end retail stocks says JPMorgan's retail analyst.
Despite economic headwinds and uncertainty in Washington, US consumers are rocketing ahead, leading analysts to revisit their GDP forecasts for the first quarter.