Struggling department store operator JCPenney, which last month said it would shutter five department stores, 19 outlet stores and two call centers, unveiled the most substantial change to its logo in four decades as it tries t…
Many of America’s best-known retailers, including Walmart, Home Depot and JCPenney, will be stepping into the earnings spotlight this week. Their reports come on the heels of disappointing January retail sales numbers from the …
Much to retailers’ surprise, old man winter didn’t deter consumers from the post-holiday clearance sales. Merchants posted better-than-expected January results despite the dreadful weather that had caused many analysts to cool …
Shoppers are still being careful with their money and hunting for bargains, but generally positive October sales numbers suggest that consumers are beginning to look beyond the basics.
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Shares of J.C. Penney surged as much as 16% after activist investor Bill Ackman’s Pershing Square Capital Management disclosed that it had purchased a 16.5% stake in the struggling retailer.
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