News Topic - J.C. Penney
Articles 1 - 10 of most recent articles
Goldman Sachs cuts view on retailers as oil prices rise
LONDON (MarketWatch) -- Goldman Sachs on Friday cut its view of U.S. department stores to neutral from attractive and downgraded J.C. Penney and Nordstrom Inc. to neutral from buy. The broker said it cut its view on the sector after its commodity team revised up 2008 oil price forecasts to $149 a barrel from $115 a barrel. "We believe this material shift will result in higher gasoline prices, which should further crowd out consumer discretionary spend and dampen sentiment," Goldman Sachs said. It also upgraded TJX Cos. to buy from neutral and removed Kohl's Corp. from its conviction-buy list in favor of Wal-Mart Stores Inc. .Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – 20 hours, 6 minutes ago ¦ comment?
found in Business: Markets
LONDON (MarketWatch) -- Goldman Sachs on Friday cut its view of U.S. department stores to neutral from attractive and downgraded J.C. Penney and Nordstrom Inc. to neutral from buy. The broker said it cut its view on the sector after its commodity team revised up 2008 oil price forecasts to $149 a barrel from $115 a barrel. "We believe this material shift will result in higher gasoline prices, which should further crowd out consumer discretionary spend and dampen sentiment," Goldman Sachs said. It also upgraded TJX Cos. to buy from neutral and removed Kohl's Corp. from its conviction-buy list in favor of Wal-Mart Stores Inc. .Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – 20 hours, 6 minutes ago ¦ comment?
found in Business: Markets
Department stores hurt by slumping apparel salesAP - Department store stalwarts J.C. Penney Co., Nordstrom Inc. and Kohl's Inc. all reported steep drops in first-quarter profits on Thursday as Americans snub apparel to focus on basic necessities at discounters in a challenging economy.
Yahoo! – May 16, 2008 12:37 AM [GMT] ¦ comment?
found in Business
Department store sales weak, but beat StreetReuters - The weak economy took its toll on department stores on Thursday, as retailers Nordstrom, Kohl's and J.C. Penney reported lower first-quarter net profits, with all citing challenges stemming from the weakened U.S. economy.
Yahoo! – May 15, 2008 10:42 PM [GMT] ¦ comment?
found in Business
J.C. Penney profit falls 50 percent
Weak consumer spending cut first-quarter profits at J.C. Penney Co. Inc. by half, and the retailer said it expects difficult conditions for the rest of the year. (JCP)
Triangle Business Journal – May 15, 2008 6:45 PM [GMT] ¦ comment?
found in Local: North Carolina: Raleigh-Durham
Weak consumer spending cut first-quarter profits at J.C. Penney Co. Inc. by half, and the retailer said it expects difficult conditions for the rest of the year. (JCP)
Triangle Business Journal – May 15, 2008 6:45 PM [GMT] ¦ comment?
found in Local: North Carolina: Raleigh-Durham
JC Penney 1Q Profit Falls 50 Pct; Rough Year AheadJ.C. Penney reports first-quarter profits had been halved and predicts "difficult" conditions for the entire year as consumers pull back on spending.
nbc5i.com – May 15, 2008 6:13 PM [GMT] ¦ comment?
found in Local: Texas: Dallas-Fort Worth
JC Penney profit down 50 pct; sees difficult yearReuters - J.C. Penney Co Inc said on Thursday its first-quarter profit dropped 50 percent as the retailer cut prices to clear unsold merchandise, and it forecast a similar profit drop for its current quarter.
Yahoo! – May 15, 2008 5:03 PM [GMT] ¦ comment?
found in Business: Companies
J.C. Penney Misses Profit Targets
First-quarter earnings fall shy of Wall Street expectations, but forward guidance is better than expected.
TheStreet.com – May 15, 2008 2:26 PM [GMT] ¦ comment?
found in Business: Investing
First-quarter earnings fall shy of Wall Street expectations, but forward guidance is better than expected.
TheStreet.com – May 15, 2008 2:26 PM [GMT] ¦ comment?
found in Business: Investing
Movers: Yahoo, GE, CBS, CNET, J.C. Penney
Thursday's stocks in the news
Business Week – May 15, 2008 1:58 PM [GMT] ¦ comment?
found in Business: Investing
Thursday's stocks in the news
Business Week – May 15, 2008 1:58 PM [GMT] ¦ comment?
found in Business: Investing
Retail stocks sag; J.C. Penney slips on earnings
SAN FRANCISCO (MarketWatch) -- Retail stocks sagged early Thursday as J.C. Penney Co. said its quarterly profit dropped by almost half, hurt by declining mall traffic and increased discounts to clear unsold merchandise. Shares of J.C. Penney fell 0.4%. The department-store operator also said conditions will remain difficult through the year. Broadly speaking, the S&P Retail Index dropped 0.6%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – May 15, 2008 1:50 PM [GMT] ¦ comment?
found in Business: Markets
SAN FRANCISCO (MarketWatch) -- Retail stocks sagged early Thursday as J.C. Penney Co. said its quarterly profit dropped by almost half, hurt by declining mall traffic and increased discounts to clear unsold merchandise. Shares of J.C. Penney fell 0.4%. The department-store operator also said conditions will remain difficult through the year. Broadly speaking, the S&P Retail Index dropped 0.6%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – May 15, 2008 1:50 PM [GMT] ¦ comment?
found in Business: Markets
Data Hinder Stocks, Penney Helps
Stocks were mixed, as data showing weakness in manufacturing and the job market dampened positive sentiment stemming from J.C. Penney's better-than-expected outlook.
Wall Street Journal – May 15, 2008 1:46 PM [GMT] ¦ comment?
found in Business: Markets
Stocks were mixed, as data showing weakness in manufacturing and the job market dampened positive sentiment stemming from J.C. Penney's better-than-expected outlook.
Wall Street Journal – May 15, 2008 1:46 PM [GMT] ¦ comment?
found in Business: Markets