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Macy's to Expand Online Order Fulfillment Center in Goodyear, AZ
Thursday, March 21, 2013 - 12:01pm | 99Macy's, Inc. (NYSE: M) today announced that it will expand its online order fulfillment center in Goodyear, AZ, to accommodate continued sales growth as part of the company's omnichannel strategy. The company is expected to invest more than $35 million in capital in the project. The Goodyear...
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Ackman Still Likes JC Penney Long, Herbalife Short
Wednesday, March 13, 2013 - 3:35pm | 349Despite some volatility, Pershing Square's Bill Ackman remains as convinced as ever about his investments around JC Penney (NYSE: JCP) and Herbalife (NYSE: HLF). Roughly 8.4% of Pershing Square's capital is invested in JC Penney -- over 240 million shares -- while Pershing is short 20 million...
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JC Penney Shares Fall After-Hours on Chatter of Secondary
Monday, March 4, 2013 - 6:04pm | 195Shares of J.C. Penney (NYSE: JCP) fell over 5% in Monday's after-hours session, trading below $16. J.C. Penney had been down for most of the day, ultimately closing at $16.74, for a loss of about 5%. The company had been squaring off with Macy's (NYSE: M) in court over the right to carry Martha...
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UPDATE: Macy's Posts Upbeat Q4 Profit, Issues Strong Forecast
Tuesday, February 26, 2013 - 9:26am | 84Macy's (NYSE: M) reported a drop in its fiscal fourth-quarter profit. Macy's quarterly profit declined to $730 million, or $1.83 per share, versus $745 million, or $1.74 per share, in the year-ago period. Its sales climbed 7.2% to $9.35 billion from $8.72 billion, while comparable store sales...
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US Stock Futures Up Ahead Of Bernanke Testimony
Tuesday, February 26, 2013 - 7:05am | 558US stock futures are higher this morning, ahead of Fed Chairman Ben Bernanke's testimony before the Senate Banking Committee. Futures for the Dow Jones Industrial Average surged 26 points to 13,814.00 and S&P 500 index futures rose 3.10 points to 1,490.30. Nasdaq 100 futures gained 4.25 points...
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Earnings Scheduled For February 26, 2013
Tuesday, February 26, 2013 - 5:24am | 1177AutoZone (NYSE: AZO) is projected to report its Q2 earnings at $4.76 per share on revenue of $1.88 billion. A. M. Castle & Co (NYSE: CAS) is expected to post a Q4 loss at $0.09 per share on revenue of $284.60 million. Auxilium Pharmaceuticals (NASDAQ: AUXL) is projected to report its Q4...
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Stocks To Watch For February 26, 2013
Tuesday, February 26, 2013 - 5:10am | 164Some of the stocks that may grab investor focus today are: Wall Street expects Home Depot (NYSE: HD) to report its Q4 earnings at $0.64 per share on revenue of $17.69 billion. Home Depot shares gained 1.30% to $64.75 in after-hours trading. Autodesk (NASDAQ: ADSK) issued downbeat first-quarter...
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Does a Minimum Wage Hike Threaten Retailer JC Penney?
Wednesday, February 13, 2013 - 6:54pm | 396President Obama announced plans to increase the federal minimum wage in his State of the Union address Tuesday night. Obama suggested a 24% increase in minimum wage, from $7.25 to $9.00 per hour. As one of the largest employers of minimum wage workers in the country, J.C. Penney (NYSE: JCP) stands...
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Macy's Says Chief Administrative Officer Cole Retiring
Monday, January 28, 2013 - 5:16pm | 339Macy's, Inc. (NYSE: M) today announced a series of changes to its senior executive leadership team, effective immediately. Thomas L. Cole is retiring as Macy's, Inc.'s chief administrative officer after an exceptional 41-year career with Macy's, Inc. and its predecessor companies. He will remain...
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lululemon Weakness Attributed to Discounting
Wednesday, December 26, 2012 - 2:03pm | 320Shares of lululemon Athletica (NASDAQ: LULU) sold off on Wednesday. Some attributed the weakness in shares to discounts offered on the company's website. If that is the case, the weakness in shares may be unjustified. The sports/yoga apparel company is based in Canada; Canadians celebrate Boxing...
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Holiday Shopping Season 2012 Proves to be a Dud
Wednesday, December 26, 2012 - 11:14am | 389The holiday shopping season of 2012 was disappointing for retailers, according to data released from MasterCard Advisors. Sales in the two months leading up to Christmas increased 0.7 percent year-over-year -- analysts had anticipated three or four percent. Despite the disappointing number, retail...
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Top 4 NYSE Stocks In The Department Stores Industry With The Highest Cash
Monday, November 19, 2012 - 2:39am | 125Below are the top department stores stocks on the NYSE in terms of cash. The TJX Companies (NYSE: TJX) had $1.84 billion in total cash for the latest quarter. However, TJX had $774.50 million in total debt for the same period. Macy's (NYSE: M) had $1.26 billion in total cash and $6.94 billion in...
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US Stock Futures Up After Obama Victory
Wednesday, November 7, 2012 - 6:39am | 440US stock futures are higher this morning, after President Barack Obama won the re-election. Futures for the Dow Jones Industrial Average surged 19 points to 13,220.00 and S&P 500 index futures rose 4.20 points to 1,429.40. Nasdaq 100 futures gained 8.50 points to 2,684.25. US stocks closed...
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Earnings Scheduled For November 7, 2012
Wednesday, November 7, 2012 - 3:31am | 592Macy's (NYSE: M) is projected to report its Q3 earnings at $0.29 per share on revenue of $6.07 billion. AES (NYSE: AES) is expected to report its Q3 earnings at $0.35 per share on revenue of $4.69 billion. Becton, Dickinson and Company (NYSE: BDX) is estimated to report its Q3 EPS at $1.40 on...
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Stocks To Watch For November 7, 2012
Wednesday, November 7, 2012 - 2:55am | 172Some of the stocks that may grab investor focus today are: Wall Street expects Macy's (NYSE: M) to report its Q3 earnings at $0.29 per share on revenue of $6.07 billion. Macy's shares dropped 0.40% to $41.21 in after-hours trading. LivePerson (NASDAQ: LPSN) reported weaker-than-expected Q3...