LONDON/ JOHANNESBURG July 13- South African retailer Steinhoff has agreed to pay nearly $800 million for British-based discount chain Poundland after two previous attempts to expand in Europe fell through this year. The $23 billion company, which sells beds and cupboards to less affluent shoppers in Europe, southern Africa and Asia, is keen to grow its... » Read More
JC Penney shares tumbled to their lowest in nearly 13 years after a Goldman Sachs report projected slow sales and liquidity trouble.
Vornado Realty Trust Chairman and Chief Executive Steven Roth resigned from the board of JC Penney, the company said in a regulatory filing.
Starbucks CEO Howard Schultz on Friday had choice words for activist investor Bill Ackman and his very public campaign to change J.C. Penney's leadership team.
JC Penney shareholder Perry Capital intends to demand that the company replace CEO Mike Ullman immediately, CNBC's David Faber reported on Friday.
While few analysts are betting the struggling department store chain will be one of the major winners this season, many think it now may start to show signs of life.
Customer reviews influencing what retailers do more than ever before. The culprit: social media and the risks that negative comments can go viral quicker than ever before.
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.