JC Penney Is The Bright Spot For Retail This WeekJ.C. Penney delivered some encouraging news in the form of rising comparable-stores Friday, reversing four straight quarters of declines.
JCPenney Shares Tumble After Weak Profit OutlookJ.C. Penney is issuing a weak profit forecast as it accelerated its move to slash prices on goods to clear out inventory. Shares are tumbling more than 25-percent in premarket trading.
U.S. Retail Sales Leapt 1.6 Pct. Last Month, Most In 2 ½ YearsAmericans increased their spending at retailers last month by the most in two and a half years, driven by strong auto sales as residents of hurricane-ravaged areas replaced destroyed cars.
Gap To Shift Focus To Old Navy, Athleta StoresGap Inc. says it will shift its focus to its growing brands Old Navy and Athleta, and away from the Gap and Banana Republic.
J. C. Penney Releases List Of Upcoming Store ClosuresIt was late last month with Plano-based J.C. Penney announced that nearly 150 stores would be closed over the next several months. Today the company released specific information.
Despite Increased Profits, J.C. Penney To Close Some 140 StoresJ.C. Penney says it will be closing anywhere from 130 to 140 stores as well as two distribution centers over the next several months as it aims to improve profitability.
Some Retailers Go Into 2017 With Too Many StoresSome U.S. retailers, like North Texas-based J.C. Penney, have a problem they can’t easily resolve: They have too many stores. And even though they’ve announced closings, it’s increasingly likely they’ll have to shutter more.
JC Penney Adds To The Misery In Retail As Sales FadeShares of Plano-based J.C. Penney tumbled 10 percent before the opening bell Friday after posting an unexpected sales drop, capping a miserable week for retailers.
Police: Holiday Shoppers Provide Cover For Shoplifting ProsThe holidays always bring Christmas shoppers to malls, but the season also brings people looking for a ‘5-finger discount.’ It’s not that there’s necessarily more retail crime going on, but crowded stores provide thieves with cover.
Opinion: Americans Failed Walmart WorkersAfter all the hype regarding Walmart employees’ discontent with their employer and the threat of a strike on Black Friday, the long holiday weekend was saw banner sales and virtually no protest at Walmarts.