The department store chain surprised Wall Street with a big earnings miss, but there was so much else to say.
The four large retailers are all in the middle of comeback efforts, but they are each experiencing widely varying results, some positive, others much less so.
Ben Torres/Bloomberg via Getty Images There were plenty of winners and losers this week, with higher price targets for the iEverything company and a struggling department store chain disappointing on the bottom line. J.C. Penney (JCP) -- Loser This was supposed to be a breakthrough holiday quarter for J.C. Show More Summary
Macy's, Target, J.C. Penney, and other stores are getting creative in their quest to boost sales, or at least stay alive and relevant, in an increasingly crowded and complicated marketplace.
'Rumors of the mall's death have been slightly exaggerated. Anchor stores are leaving -- stores such as Sears and JC Penney -- but high-end malls are reporting record sales. And many suburban malls are witnessing a rebirth.'-- Noel King reports for Marketplace
The surprises in the retailer's earnings report may not be what you think
Struggling retailer undershoots profit forecasts after holiday sales disappoint
Mark Lennihan/AP By Nathan Layne and Nayan Das Department store chain J.C. Penney (JCP) reported a lower-than-expected quarterly adjusted profit as it discounted more during the holiday season and invested in store expansions. The company's shares fell as much as 9.2 percent to $8.28 in extended trading Thursday. Show More Summary
NEW YORK (Reuters) - A New York state appeals court has revived two claims accusing JC Penney Co Inc of interfering improperly with a merchandising contract between Macy's Inc and Martha Stewart Living Omnimedia Inc. In a decision on...Show More Summary