| Oct 31, 2013
| 11:30 AM
Researchers at Morgan Stanley have a pretty simple forecast for the coming holiday season: Expect coal.
A new report from the financial services firm anticipates the period between Thanksgiving and Christmas this year to be the slowest and most...
| Oct 8, 2013
| 10:36 AM
J.C. Penney Co.'s depressed stock regained some ground Tuesday after the company said it was “making solid progress in its turnaround.”
In a self-issued report card, the department store chain said it anticipates that it will have more...
| Aug 27, 2013
| 12:03 PM
Billabong International Inc., a 40-year-old Australian surfwear company, reported its most dismal earnings ever as it wrote down the value of its namesake brand to zero.
For the fiscal year ended June 30, the business said it suffered a net loss of 859....
| Jan 2, 2014
| 8:53 AM
Las Vegas is no longer the gambling capitol of the world. Not by a long shot.
The tiny Chinese city of Macau reported a whopping $45 billion of gambling revenue in 2013, a figure analysts expect will be about seven times as much as casinos on the iconic...
| Dec 3, 2013
| 10:36 AM
Bargain-hunting shoppers on Cyber Monday broke consumption records, making the online shopping bonanza the biggest e-commerce day in history, according to data from IBM Digital Analytics Benchmark.
Online sales surged 20.6% compared with the same day...
| Nov 20, 2013
| 7:35 AM
Retailers are going into the Thanksgiving, Black Friday and Christmas shopping season with a smaller degree of panic after government data showed better-than-expected sales in October.
Retail sales jumped 0.4% last month, according to the U.S. Census...
| Jan 24, 2014
| 4:24 PM
Wal-Mart Stores Inc. is laying off 2,300 employees in its Sam’s Club division as it tries to make its workforce leaner.
In total, 2% of the 116,000 Sam’s Club employees in the U.S. will lose their jobs. Employees were being informed of the...
| Jan 22, 2014
| 3:58 PM
American Eagle Outfitters Inc. said after the market closed Wednesday that Chief Executive Robert Hanson has left his post after less than two years, a move that stunned Wall Street.
The teen apparel retailer said Executive Chairman Jay L....
| Aug 1, 2013
| 9:11 AM
J.C. Penney Co. said a New York Post article on Wednesday reporting that commercial lender CIT Group Inc. had halted funds to some of its suppliers is untrue.
In a statement Thursday, J.C. Penney said that CIT “continues to factor and support...
| Jan 13, 2014
| 12:37 PM
Indoor malls may have a limited lifespan, according to Rick Caruso, owner of Southland centers including the Grove in the Fairfax district and the Americana at Brand in Glendale.
In a Sunday keynote speech to some 4,000 people at the National Retail...
| Aug 9, 2013
| 9:01 AM
Activist investor Bill Ackman and the board of J.C. Penney Co. are disagreeing -- very publicly -- about who should head the struggling retailer.
Ackman and the department store chain exchanged a volley of letters and statements this week, squabbling...