J.C. Penney's Latest Earnings Confirm Grim Warning
J.C. Penney had said its quarterly results would be weak. They were, and then some. The retailer posted a loss more than double the deficit of last year, and sales fell 16%.
Retail
J.C. Penney Posts Huge 1Q Loss
J.C. Penney reports a first-quarter big loss on a 16 percent revenue plunge as the chain continues to reel from the turnaround plan implemented by former CEO Ron Johnson.
J.C. Penney's New Logo Is Its Fourth in Four Years
J.C. Penney has quietly introduced yet another new logo, just one more change amid the ongoing metamorphosis and backtracking at the troubled retailer.
Amazon Just Gave You 500 Coins. Now What?
If you own an Amazon Kindle Fire, then chances are, today you're 500 richer in Amazon Coin. But is it really worth dealing in this new virtual currency?
Macy's Quarterly Profit Rises Along with Same-Store Sales
Macy's reported higher first-quarter profit and sales despite cool weather in much of the country that delayed spring shopping for many customers.
5 Stocks to Watch this Week
From state-of-the art technology to good ole fashioned retailing, there's plenty of news waiting to break this week on Wall Street. Here's what to watch.
Jamie Dimon to JPMorgan: You Need Me More Than I Need You
The Wall Street Journal reports JPMorgan CEO and Chairman Jamie Dimon has threatened to leave the company if shareholders vote the split up his two positions.
Claire's Stores: All Dressed Up and Ready to IPO
Claire's Stores, beloved by tween mall shoppers everywhere, has filed an IPO with the goal of raising $100 million for the seller of costume jewelry and accessories.
JCP Says 'We're Listening.' Here's Who They Should Listen To
As part of its apology tour, J.C. Penney insists that it's listening to customer feedback. Here are a few customers who have smart advice for the struggling retailer.
Target Turns to Facebook Promos for In-Store Purchases
Target is rolling out a program to let shoppers use their Facebook accounts to redeem special offers on in-store purchases, another brick-and-mortar response to 'showrooming'.
Pfizer to Begin Online Sales of Viagra
In a first for the drug industry, Pfizer says it will sell begin selling erectile dysfunction pill Viagra directly to patients on its website.
Senate Set to Pass Bill Allowing States to Tax Internet Purchases
The Senate is expected to pass legislation Monday that would allow states to collect sales taxes for Internet purchases, but the bill faces opposition in the House.
CVS Earnings Rise on Cold, Flu Season Sales
CVS posted higher quarterly profit on Wednesday, as a more severe cold and flu season boosted sales and more new generic drugs hit the market.
Collapsed Building Owner's Property to be Seized
A top court in Bangladesh asked the government Tuesday to "immediately" confiscate the property of the owner of a building that collapsed last week.
U.S. Consumer Spending Rises Unexpectedly in March
U.S. consumer spending unexpectedly rose in March as benign inflation supported household's spending power, a hopeful sign for the weakened economic recovery.