Some times big ideas are just too big to work. That's what happened when the brilliant hedge fund manager tried to remake JC Penney.
JC Penney's board made the "right choice" in bringing back Mike Ullman as CEO to try to save the company, but "I worry," Jim Cramer said Tuesday, a day after the ouster of Ron Johnson.
William Ackman, JC Penney's largest shareholder, criticized CEO Ron Johnson's strategy, saying that "big mistakes have been made."
Databases used by major retailers to prevent workers accused of stealing from getting another job are increasingly under scrutiny. The New York Times reports.
On Friday, Toys "R" Us Inc. pulled its IPO offering, facing declines in revenues, profits and comparable store sales. However, these are only symptoms of a larger issue facing the chain: a business model in desperate need of an overhaul.
Toys 'R Us reported miserable fourth-quarter earnings, but what does this tell us about brick and mortar retail as a whole?
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.
At the inaugural "Fast Money Madness" match-up of 64 stocks, "Fast Money" traders pick their favorites.
JC Penney's latest retail campaign isn't a long-term strategy, Jonathan Salem Baskin says.
Check out which companies are making headlines after the bell Wednesday:
Despite economic headwinds and uncertainty in Washington, US consumers are rocketing ahead, leading analysts to revisit their GDP forecasts for the first quarter.
Jim Cramer is watching a slew of events that could be market moving in the week ahead.
Stocks finished higher Thursday, with the Dow posting fresh all-time highs for the third-straight day, following an upbeat weekly jobless claims report and ahead of the widely-watched monthly government jobs data.
Despite poor weather and consumer spending headwinds, retail same-store sales gained momentum as February progressed. Still, one analyst sees a challenging environment.
After a difficult January, when shoppers first felt the effect of a payroll tax hike that lowered take-home pay by 2 percent, some retailers got a little relief in February from growing employment and a rising stock market.
More people are taking a moment to flip over an item or fish for a label and ask, is it "Made in the USA?"
The Walt Disney Company, Mattel, and Harper Collins are among many corporations setting sustainability standards for things like paper and packaging.
Although consumers' paychecks got a bit lighter this year when the 2 percent payroll tax cut expired, Wall Street analysts see reason to remain bullish on defensive retailers.
The American paycheck's not the only thing that's shrinking as big business thinks of creative ways — from smaller packages to deep price cuts — to capture the hesitant consumer's dollar amid signs of weak sales.
J.C. Penney delivered the latest dismal retail news, reporting a much larger-than-expected loss as same-store sales fell 32 percent. Shares skidded after-hours.