J.C. Penney expects higher sales, gross profit this year
(Reuters) - After two years of massive losses, J.C. Penney Co Inc appears to be turning a corner. It reported improved sales and profit margins for the holiday season quarter,...
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Macy’s sticks to forecast despite slow Valentine’s Day sales
(Reuters) - Macy's Inc's sales this year were weak until Valentine's Day, the department store operator said on Tuesday, but it stuck to its full-year forecast because it expects business...
Macy’s sticks to forecast despite slow Valentine’s Day sales
(Reuters) - Macy's Inc's sales this year were weak until Valentine's Day, the department store operator said on Tuesday, but it stuck to its full-year forecast because it expects business...
Exclusive: Icahn’s stake in eBay close to 2 percent – source
(Reuters) - Activist investor Carl Icahn's stake in e-commerce company eBay Inc is more than previously reported at close to 2 percent, a source familiar with the matter said on...
Target apologizes for data breach, retailers embrace security upgrade
Target Corp. began a major public relations effort on Monday to apologize to customers for an unprecedented cyber attack on its network, Democratic members of the Financial Services Committee of...
Macy’s posts strong holiday season sales, gives upbeat 2014 outlook
(Reuters) - Department store operator Macy's Inc on Wednesday reported strong holiday season sales and gave a preliminary forecast for 2014 that suggests it would continue to outpace its rivals....
Cosmetics maker Revlon to exit China
(Reuters) - Revlon Inc said it would exit China, where sales of its cosmetics have been falling, and cut more than 1,000 jobs as part of a restructuring designed to...
U.S. shops use prices, pick-ups to snare holiday stragglers
WEST NYACK, NEW YORK (Reuters) - Retailers are trying new ways to win over Christmas procrastinators. Brick-and-mortar chains seeking ways to improve this season's soft sales made it easier for...
Bargain-hungry holiday shoppers buy less on last weekend
ELMHURST, New York (Reuters) - U.S. consumers shopped less on the final weekend before Christmas despite deeper discounts, the latest sign of how difficult a season this is turning out...
Bargain-hungry holiday shoppers buy less on last weekend
ELMHURST, New York (Reuters) - U.S. consumers shopped less on the final weekend before Christmas despite deeper discounts, the latest sign of how difficult a season this is turning out...