SAN FRANCISCO, Aug 3- Macy's Inc said on Monday the department store chain will expand same day delivery services to nine cities and metropolitan areas this month, pushing into an aggressive field dominated by e-commerce giant Amazon.com Inc.. Macy's, the nation's largest department store chain, said it will now offer same day delivery to customers in 17...» Read More
While 94 percent of the companies in the Standard & Poor's 500 Index have already reported quarterly earnings, this week remains a key week for the retail industry with 24 retailers reporting earnings—12 of which are S&P 500 components.
JC Penney CEO Mike Ullman told shareholders: "I have an enduring affection for J.C. Penney." They appeared to return the favor, at the company's shareholder meeting.
The next week investors get the last wave of reports from retailers. Here's Pisani's take on the Weather effect and the names that count.
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.
Dollar General posted a higher quarterly profit on Monday as increased sales of food and other basics helped drive growth despite consumers' concerns about the economy.
The decision to do away with sales last year had no testing behind it. So it is not a mystery why J.C. Penney has done a 180 when it comes to its promotional stance.
Next week is the biggest one of the earnings season for the retailers. While each will have different nuances, and wrap up the key holiday quarter, Wall Street will be focused on the sales forecast for the current quarter.
Retailers should be buzzing right now with holiday gift card redemptions. But, there's early evidence retailers aren't getting much of a boost from gift cards this year, according to NBG Market Analyst Brian Sozzi.
The latest batch of retail sales reports shed light on who the retail winners are right now.
Eighty-nine percent of the 20 companies reporting beat, according to RetailMetrics, way above the 64 percent who normally beat. Why?
Retail stocks continue on their slide as investors worry about the world's second largest consumer market. NetNet spoke with Brian Sozzi, a StarMine top-ranked Equity Research Retail analyst, about his outlook on the sector.