J.C. Penney

Retailers Are Hurting, But Tech Isn’t the Only Culprit

We’ve been trained to think that technology is behind every positive and negative factor affecting business. Digital transformation creates mega-cap …

Markets

Earnings Preview: What To Expect From J C Penney On Friday

J C Penney Company Inc ($JCP) is scheduled to release earnings before Friday’s open (Feb 24, 2017). J C Penney’s stock has been flirting with multi-year lows as it struggles for direction after the company tried to revamp its brand a few years ago. The stock hit a record high of $87.18/share in …

Business

JC Penney to reduce outsourcing to India

As part of an ‘insourcing’ drive, US retail chain JC Penney plans to hire at least 1,000 software engineers in two years for its Bengaluru technology …

Innovation

Can America’s Department Stores Survive?

At 11 p.m. last Thanksgiving, shortly before Thursday became Black Friday, the crowds were thick at Macy’s massive flagship store in Manhattan. Some …

Technology

Man killed in shooting at NC mall

Authorities say one man has been shot to death in the parking lot of a North Carolina mall.<p>Greensboro Police said in a news release that officers …

Upstate South Carolina

The Warriors Got Memed To Boot-Cut Hell Over Unswaggy Youth Pastor Outfits

The Internet Vs. The Very Unswaggy Warriors<p>The Golden State Warriors are a fun-loving and championship-contending bunch that represent everything …

Basketball

Retail Has Good Reason to Hate a Border Tax - Bloomberg Gadfly

Chief executives from retailers including J.C. Penney Co., Target Corp. and Best Buy Co. went to Washington on Wednesday to implore President Trump …

Business

Elyria's Midway Mall hoping for a renaissance, property still up for sale (photos)

ELYRIA, Ohio -- Midway Mall, with its 1.1 million square feet of enclosed space, is still looking for a buyer.<p>Elyria Mayor Holly Brinda said …

Urban Planning

Piper Jaffray in at Neutral on KSS, JWN and JCP

Piper Jaffray sees some sideways action for a trio of department stocks.<p>Nordstrom (NYSE:JWN) is rated at Neutral, with a price target of $41 vs. …

Business

J.C. Penney, other retailers talking with Trump told of tax plan people 'will love' | JC Penney

WASHINGTON -- President Donald Trump met Wednesday with the CEOs of large retailers like Target and Best Buy, who have a built-in concern: They're …

Texas

Trump Tells Retail Executives Tax Overhaul Plan Is Coming Soon

<b>WASHINGTON, United States —</b> President Donald Trump told executives at major retail chains that he would swiftly submit a tax overhaul plan to stimulate the economy.<p>Trump called rewriting the tax code "one of the best opportunities to really impact our economy," during a White House breakfast …

CEOs

Macy's: Too Many Captains On 1 Ship, Time To Abort!

Too many people are forming an extreme bullish or bearish scenario on Macy's but seem to miss the investor sentiment in their calculation.<p>Macy's is …

Stocks

Ahead of the Bell: US consumer prices

WASHINGTON (AP) — The Labor Department releases its report on January U.S. consumer prices Wednesday at 8:30 a.m. Eastern.<p>REPEAT PERFORMANCE: Economists expect the report to show that consumer prices rose 0.3 percent last month, matching the December increase, according to a survey by the data firm …

Business

Retail CEOs meet with Trump, call meeting ‘productive’

President Trump on Wednesday met with a group of executives from big-name retailers such as Target and Best Buy, as the industry leaders made the case that they believe a Republican plan for tax reform would be detrimental to their businesses — and to the wider economy.<p>Major retailers have come out …

Business

J.C. Penney, Target, Best Buy, Gap CEOs to meet with Trump on tax plan | Retail

Top retail company executives including Plano-based J.C. Penney CEO Marvin Ellison and Target CEO Brian Cornell are scheduled to meet with President …

Texas

Here are the 8 retail CEOs who met with Trump to discuss stopping the border tax

President Donald Trump met with eight retail CEOs Wednesday morning to discuss tax code reform.<p>"Tax reform is one of the best opportunities to influence our economy," Trump said ahead of the meeting, held in the Roosevelt Room in the White House.<p>The CEOs assembled represented the Retail Industry …

Best Buy

Biz to start your Wednesday: Retail's day at White House, energy's big win, unrest at American and more | Economy

<i>What the business team has on its mind this Tuesday morning. Good morning!</i><p>Dallas weather: Sunny with a high of 61°. Tonight, clear with a low of …

Texas

Trump to meet with CEOs of Target, Best Buy, and JCPenney

By Ginger Gibson<p>WASHINGTON (Reuters) - President Donald Trump will meet on Wednesday with the chief executive officers of eight large retailers, including Target Corp , Best Buy Co Inc and J.C. Penney Company Inc , to discuss tax reform and infrastructure improvements, according to people with …

Markets

Sears and Macy's Store Closures Could Present a Major Opportunity for J.C. Penney

For some time now, a key component of the bull thesis for<b>J.C. Penney</b>(NYSE: JCP) has revolved around the idea that the company will benefit from rivals closing stores, especially<b>Sears Holdings</b>(NASDAQ: SHLD) and, to a lesser extent,<b>Macy's</b>(NYSE: M).<p>J.C. Penney took a beating when former CEO Ron …

Investing

Target, Gap, Best Buy among retailers headed to Washington to oppose border tax: report

Getty Images<p>Clothing is one of the major categories that would be impacted by a border tax.<p>Chief executives from Target Corp., Gap Inc., Best Buy Co., AutoZone Inc. and other retailers will be in Washington, D.C., to meet with congressional leaders and President Trump on Wednesday in opposition to …

Best Buy

Morgan Stanley: Bearish On Retail, But Bumps J.C. Penney Up To Hold - Stocks to Watch

By Teresa Rivas<p><b>Morgan Stanley’s Kimberly Greenberger</b> and her team preview retailers’ fourth-quarter earnings reports, due out soon, writing that most …

Business

Retail Stocks: What to Watch in 2017

2017 has been most unkind to traditional retailers.<p>Data source: YCharts.<p>Assailed by the relentless and merciless rise of e-commerce, brick-and-mortar retailers are struggling to adapt to an increasingly online world. Will this retail destruction continue in the year ahead? And what are the major …

Walmart

J.C. Penney's Stock Rallies After Morgan Stanley Upgrades Following Years Of Being Bearish

Shares of J.C. Penney Co. Inc. climbed 1.1% in morning trade Monday, after Morgan Stanley backed off from the bearish stance it had on the discount department store chain for the past several years. Analyst Kimberly Greenberger upgraded J.C. Penney to equal weight from underweight, saying the …

Wall Street

Morgan Stanley sees fair value on JCP

Morgan Stanley boosts J.C. Penney (NYSE:JCP) to Equal Weight from Underweight off a more positive view on valuation.<p>The investment firm has a $7 …

Wall Street

Neiman Marcus Last Call trying out plus-size women's departments | Retail

Grapevine Mills, in Grapevine, Texas, Sugarloaf Mills in Lawrenceville, Georgia; Great Lakes Crossing Outlets in Auburn Hills, Michigan, Arundel …

eCommerce

Sears: Running Out Of Options

Shares of Sears surged after management announced a tremendous undertaking to reduce costs and sell off some assets.<p>This is great news for the firm …

Investing

Macy's Last Line of Defense: Everyone Else at the Mall

Shares of <b>Macy's</b> (NYSE: M) have lost more than half of their value since mid-2015, as the world's largest department-store company has been hit hard by declining mall traffic. Macy's has been reporting comp-sales declines for two full years. Recently, rumors have been swirling that management may be …

Investing

Just by sticking around, Sears has hurt Macy’s

Image 1of/2<p>Caption<p>Close<p>To truly understand the peculiar nature of the department store business, consider that Sears could outlive Macy’s, at least …

Sears

Why Macy's, Kohl's, and J.C. Penney Had a Rough January

What happened<p>Shares of department store chains <b>Macy's</b> (NYSE: M), <b>Kohl's</b> (NYSE: KSS), and <b>J.C. Penney</b> (NYSE: JCP) tumbled in January, according to data provided byS&P Global Market Intelligence, dropping 16.2%, 20%, and 20.2%, respectively. All three companies reported lackluster holiday sales results, …

Investing

Why This Stock Could Triple In A Couple Of Years

<b>Craig Hodges:</b> Hodges Capital, manager of the multi-cap Hodges Fund, was started in 1992. One thing I think is unique about us is that we focus on one part of the equity market, U.S. domestic equities. We don’t deal in international companies, we don’t deal in bonds and we don’t try to predict …

Stocks